Abstract
One-third of the world’s population currently seems to be moving away from centrally-planned socialism towards some form of a market economy. Suppose we refer to the broad process of making a transition from some form of socialism to some form of capitalism as a process of transformation. It appears that there are essentially two different models of transformation.
This chapter was first published in the Journal of Comparative Economics and thanks for permission to include it here are given to the Academic Press, Inc. Xu’s research was sponsored by the Suntory-Toyota International Centre for Economics and Related Disciplines (STICERD) and the Centre for Economic Performance (CEP), London School of Economics and Politics. We are grateful to number of people who have provided useful comments, including J. Berliner, S. Fischer, R. Gordon, O. Hart, A. Hussain, J. Kornai, J. Moore, D. Perkins, L. Putterman, Y. Qian, G. Roland, T. Sicular and N. Stern.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Alchian, A. A. (1974) ‘Foreword’ in E. G. Furobtn and S. Pejovich (eds), The Economics of Property Rights (Cambridge, Mass.: Ballinger), p.xiii.
Byrd, W.A. (1990) ‘Entrepreneurship, Capital and Ownership’, in W.A. Byrd and Q. Lin (eds), China’s Rural Industry: Structure, Development and Reform (New York: Oxford University Press).
Bull, C. (1987) ‘The Existence of Self-Enforcing Implicit Contracts’, Quarterly Journal of Economics, vol. 102, no. 1 (February), pp.147–59.
Cai, J. (1990) ‘A Study on Legislation on TVEs’ (Xiangzhen qiye lifa yanjiu), in A Collection of Studies on Reform (Gaige sikao lu) (Beijing: Zhongguo Zhuoyue), pp.195–207.
Chen, K., G.H. Jefferson, T.G. Rawski, H. Wang and Y. Zheng (1988a) ‘New Estimates of Fixed Investment and Capital Stock for Chinese State Industry’, China Quarterly, vol. 114, no. 2 (June), pp.243–66.
Chen, K., G.H. Jefferson, T.G. Rawski, H. Wang and Y. Zheng (1988b) ‘Productivity Change in Chinese Industry: 1953–1985’, Journal of Competition Economics, vol. 12 (December), pp.570–91.
Chen, X. (1992) ‘The Collective Economy, the Cooperative Economy and the Stock Cooperative Economy’, Chinese Rural Economy (Zhongguo nongcun jingji), vol. 11 (November), pp.14–16.
Chen, Y. (1989) ‘Tongyi sixiang jiji tiaozheng cujin xiangzhen qiye chixu xietiao jiankang fazhan’, Chinese Township-Village Enterprise (Zhongguo xiangzhen qiye), vol. 9 (September), pp.1–8.
China Daily (1992) 15 July.
China Enterprise Management Yearbook (1990) (Zhongguo qiye guanli nianjian) (Beijing: Enterprise Management Press).
Chinese Agricultural Yearbook (1984; 1986) (Beijing: China Statistical Press).
Chinese Township-Village Enterprise Yearbook (1990) (Zhongguo xiangzhenqiye nianjian) (Beijing: Agricultural Press).
Coase, R.H. (1937) ‘The Nature of the Firm’, Economica, vol. 4, no. 4 (November), pp.386–405.
Deng, Y. (1992) ‘The TVE and Rural Credit’, Rural Economy and Society (Nongcun jingji yu shehui), vol. 4 (April).
Department of Rural Enterprises of the Ministry of Agriculture, China (1991) A Statistical Survey of Chinese Rural Enterprises (Zhongguo xiangzhen qiye tongji zhaiyao) (Beijing: Reform Press).
Du, Y. (1992) ‘Joint Stock System in an Independent Economic Organizational Form’ (Gufen hezuo zhi shi yizhong duli de jingji zuzhi xingtai), Chinese Rural Economy (Zhongguo nongcun jingji), vol. 11 (November), pp.11–13.
Fudenberg, D. and J. Tirole (1992) Game Theory (Cambridge, Mass.: Massachusetts Institute of Technology Press).
Gelb, A. and J. Svejnar (1990) ‘Chinese TVPs in an International Perspective’, in W. Byrd and Q. Lin (eds), China’s Rural Industry: Structure, Development and Reform (New York: Oxford University Press), pp. 413–26.
Grossman, S.J. and O.D. Hart (1986) ‘The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration’, Journal of Political Economy, vol. 94, no. 4 (August), pp.691–719.
Hart, O.D. and B. Holmstrom (1987) ‘The Theory of Contracts’, in T. Bewley (ed.), Advances in Economic Theory, The Fifth World Congress (Cambridge: Cambridge University Press), pp. 71–155.
Hart, O.D. and J. Moore (1990) ‘Property Rights and the Nature of the Firm’, Journal of Political Economy, vol. 98, no. 6 (December), pp.1119–58.
Jefferson, J.H., T.G. Rawski and Y. Zheng (1992) ‘Growth, Efficiency and Convergence in China’s State and Collective Industry’, Economic Development Cultural Change, vol. 40, no. 2 (January), pp.239–66.
Jingji Cankao (Economic News) (1987) 10 March.
Journal of Economic Perspectives (1991) ‘Symposium on Economic Transition in the Soviet Union and Eastern Europe’, vol. 5, no. 4 (Fall).
Kornai, J. (1992) The Socialist System (New York: Princeton University Press and Oxford University Press).
Kreps, D. (1990) ‘Corporate Culture and Economic Theory’, in J.E. Alt and K.A. Shepsle (eds), Perspectives on Positive Political Economy (Cambridge: Cambridge University Press) pp.90–143.
Lau, K.-T. and J.C. Brada (1990) ‘Technological Progress and Technical Efficiency in Chinese Industrial Growth: A Frontier Production Function Approach’, China Economic Review, vol. 1, no. 2, pp.113–24.
Lin, Q. (1987) ‘The Reports of the China United Investigation Team on TVE’, in the Institute of Economics, Chinese Academy of Economics (ed.), The Economic Development and Economic Institution of China’s TVE (Beijing: China Economics Press), in Chinese.
Liu, D. (1989) ‘On Current Disputes of TVE Contracts and their Resolution’ (Nongcun jingji), Rural Economy, 8 August.
McMillan, J. and Naughton, B. (1992) ‘How to Reform a Planned Economy: Lessons from China’, Oxford Review of Economic Policy, vol. 8 (Spring).
Meng, X. (1990) ‘The Rural Labor market’, in W. Byrd and Q. Lin (eds), China’s Rural Industry: Structure, Development and Reform (New York: Oxford University Press), pp.299–322.
The Ministry of Agriculture (1990) The People’s Republic of China Regulations of Rural Collectively-Owned Enterprises (Beijing: People’s Press), in Chinese.
Naughton, B. (1993) ‘What is Distinctive about China’s Economic Transition? State Enterprise Reform and Overall System Transformation’, San Diego, University of California (mimeo).
Nee, V. (1992) ‘Organizational Dynamics of Market Transition: Hybrid Forms, Property Rights and Mixed Economy in China’, Administration Science Quarterly, vol. 37, no. 1 pp.1–27.
Oi, J. (1992) ‘Fiscal Reform and the Economic Foundations of Local State Corporatism in China’, World Politics, vol. 45, no. 1 (October), pp.99–126.
Pitt, M.M. and Putterman, L. (1992) ‘Employment and Wages in Township, Village and other Rural Enterprises’, Brown University (mimeo).
Rural Policy Research Division of the Central Committee Secretariat (1986) ‘A Summary of Nationwide Rural Socio-Economic Sampling Survey’ in Chinese Agricultural Yearbook (Beijing: China Statistical Press).
Song, L. (1990) ‘Convergence: A Comparison of Township-Run Firms and Local State Enterprises’, in W. Byrd and Q. Lin (eds), China’s Rural Industry: Structure, Development and Reform (New York: Oxford University Press).
Stark, D. (1992) ‘Path Dependence and Privatization Strategies in East Central Europe’, East European Politics and Society, vol. 6, no. 1 (Winter), pp.17–54.
State Statistical Bureau (1986 to 1992), Statistical Yearbooks of China (Beijing: China Statistical Press) (China edition).
Svejnar, J. (1990) ‘Productive Efficiency and Employment’, in W. Byrd and Q. Lin (eds), China’s Rural Industry: Structure, Development and Reform (New York: Oxford University Press).
Woo, W.-T., W. Hai, Y. Jin and G. Fan (1993) ‘How Successful Has Enterprise Reform Been?’, Davis, University of California (mimeo).
Wu, Q., H. Wang and X. Xu (1990) ‘Noneconomic Factors Determining Workers’ Income’, in W. Byrd and Q. Lin (eds), China’s Rural Industry: Structure, Development and Reform (New York: Oxford University Press).
Xu, C. (1991) ‘Innovation, Productivity, and Labor Mobility in Socialist Economies’, Harvard University, Ph.D. dissertation, ch.2.
Zhoucun Rural Reform Experimental Regional Office (Zhoucun Xianxiang) (1992) ‘Report in Chinese on Zhoucun District (Shandong Province)’ (mimeo).
Alexander, G. (1985) ‘The Dead Hand the Law of Trusts in the Nineteenth Century’, Stanford Law Review (May) p. 1189.
Cui, Z. (1995) ‘Particular Universal and Infinite’ in Marx, L. and Mazlish, B. (eds), Progress: Fact or Fiction? (Ann Arbor: University of Michigan Press).
Grey, T. (1980) ‘The Disintegration of Property’, Nomos, vol. 22. p. 69.
Singer, J. (1988) ‘The Reliance Interest in Property’ Stanford Law Review (February) pp. 611–759.
Unger, R. M. (1986) The Critical Legal Studies Movement (Cambridge, USA: Harvard University Press).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1997 International Economic Association
About this chapter
Cite this chapter
Weitzman, M.L., Xu, C. (1997). Chinese Township-Village Enterprises as Vaguely Defined Cooperatives. In: Roemer, J.E. (eds) Property Relations, Incentives and Welfare. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25287-9_12
Download citation
DOI: https://doi.org/10.1007/978-1-349-25287-9_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-25289-3
Online ISBN: 978-1-349-25287-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)