Rent Seeking In China

Author : Tak-Wing Ngo,Yongping Wu
Publisher : Routledge
Page : 395 pages
File Size : 42,7 Mb
Release : 2008-12-04
Category : Business & Economics
ISBN : 9781134034406

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Rent Seeking in China by Tak-Wing Ngo,Yongping Wu Pdf

In China, rent seeking has been linked to the idea of the local developmental state in which rapid economic development is explained in terms of the promotion of village and township enterprises by local cadres who wants to maximize revenue. At the same time, the rent-seeking state is also seen as the root of corrupt practices and in the creation of a political market where state assets and authorities are diverted into private interests. Despite the prevalence of rent seeking practices in present day China, no systematic study of the phenomenon across different regions and economic sectors has yet been undertaken and as such what accounts for the occurrence of the phenomenon, what range of activities are related to rent seeking practices and, more importantly, how rent seeking shapes political and economic development are barely understood. Rent Seeking in China seeks to address these questions using case studies from across economics sectors including primary industry, strategic industry, heavy industry, and light industry. It will be invaluable reading for students and scholars of Chinese politics, comparative politics and Chinese economic and business management.

Author : Leong H. Liew
Publisher : Unknown
Page : 21 pages
File Size : 55,5 Mb
Release : 1990
Category : Pricing
ISBN : 0732503078

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Rent-seeking and the Two-track Price System in China by Leong H. Liew Pdf

Author : Andrew H. Wedeman
Publisher : Cambridge University Press
Page : 296 pages
File Size : 52,5 Mb
Release : 2003-07-10
Category : Political Science
ISBN : 9781139437851

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From Mao to Market by Andrew H. Wedeman Pdf

Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.

Author : Yunbo Zhou,Yan Qin
Publisher : Springer Science & Business Media
Page : 217 pages
File Size : 48,9 Mb
Release : 2012-04-30
Category : Business & Economics
ISBN : 9783642249518

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Empirical Analysis on Income Inequality of Chinese Residents by Yunbo Zhou,Yan Qin Pdf

The subject of this book is discussing the income inequality of Chinese residents, its change and the factors that impact it. In this book all kinds of quantitative methods, including decomposing Gini Coefficients method, Fei-Ranis method, two-sectors model and other econometric models. Some special features are that in this book, a two-sectors model was set up to analyze the impact of population migration from urban areas to rural areas on income inequality of total residents, and the inverted U hypothesis was tested by time-series regression model. The inverted U hypothesis is supported by the change of income inequality of Chinese total residents which is different from the conclusion of present reaches. In additional, the impact of rent-seeking income on inequality was discussed, an economic mode was founded to explain the causes of rent-seeking activities in China’s present stage.

Author : Mushtaq Husain Khan,Jomo Kwame Sundaram
Publisher : Cambridge University Press
Page : 358 pages
File Size : 46,7 Mb
Release : 2000-09-07
Category : Business & Economics
ISBN : 0521788668

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Rents, Rent-Seeking and Economic Development by Mushtaq Husain Khan,Jomo Kwame Sundaram Pdf

The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended by incorporating insights developed by political scientists, institutional economists and political economists if it is to explain the anomalous role played by rent-seeking in Asian countries. It includes detailed analysis of Thailand, Malaysia, the Philippines, the Indian sub-continent, Indonesia and South Korea. This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.

Author : JIAHUA CHE
Publisher : Unknown
Page : 35 pages
File Size : 44,8 Mb
Release : 2002
Category : Electronic
ISBN : UOMDLP:b2081945:0001.001

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RENT SEEKING AND GOVERNMENT OWNERSHIP OF FIRMS: AN APPLICATION TO CHINA'S TOWNSHIP- VILLAGE ENTERPRISES by JIAHUA CHE Pdf

Author : Christine Ngoc Ngo
Publisher : Routledge
Page : 219 pages
File Size : 41,5 Mb
Release : 2020-03-25
Category : Business & Economics
ISBN : 9781317328216

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Rent Seeking and Development by Christine Ngoc Ngo Pdf

Rent seeking continues to be a topic of much discussion and debate within the political economy. This new study challenges previous assumptions and sets out a new analysis of the dynamics of rent and rent seeking in development, using Vietnam as a case study. This book provides an alternative approach to the study of economic development and illuminates new perspectives in a contemporary context. It argues that not only has there been an incomplete understanding of Vietnam’s industrial development over the last three decades, but that neoclassical economics do not adequately address many of the issues endangering Vietnam’s development. A significant observation of the Vietnamese experience is the analytical view that rents can be developmental and growth enhancing if the configuration of rent management incentivizes industrial upgrade and conditions firm performance. Underlining the need to reexamine how economic actors and the state collaborate through formal and informal institutions, this study fills a gap in the scholarship of the political economy of rent and rent seeking and how rents might be used for developmental purposes.

Author : R. D. Congleton,A. L. Hillman
Publisher : Edward Elgar Publishing
Page : 553 pages
File Size : 42,7 Mb
Release : 2015-02-27
Category : Business & Economics
ISBN : 9781782544944

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Companion to the Political Economy of Rent Seeking by R. D. Congleton,A. L. Hillman Pdf

The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political econo

Author : Jiahua Che
Publisher : Unknown
Page : 34 pages
File Size : 42,8 Mb
Release : 2002
Category : Government business enterprises
ISBN : UCSD:31822031513559

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From the Grabbing Hand to the Helping Hand by Jiahua Che Pdf

Author : Jane Duckett
Publisher : Routledge
Page : 374 pages
File Size : 42,7 Mb
Release : 2006-10-19
Category : Social Science
ISBN : 9781134661749

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The Entrepreneurial State in China by Jane Duckett Pdf

Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform.

Author : James Crabtree
Publisher : Crown
Page : 418 pages
File Size : 45,7 Mb
Release : 2019-07-02
Category : History
ISBN : 9781524760076

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The Billionaire Raj by James Crabtree Pdf

A colorful and revealing portrait of the rise of India’s new billionaire class in a radically unequal society India is the world’s largest democracy, with more than one billion people and an economy expanding faster than China’s. But the rewards of this growth have been far from evenly shared, and the country’s top 1% now own nearly 60% of its wealth. In megacities like Mumbai, where half the population live in slums, the extraordinary riches of India’s new dynasties echo the Vanderbilts and Rockefellers of America's Gilded Age, funneling profits from huge conglomerates into lifestyles of conspicuous consumption. James Crabtree’s The Billionaire Raj takes readers on a personal journey to meet these reclusive billionaires, fugitive tycoons, and shadowy political power brokers. From the sky terrace of the world’s most expensive home to impoverished villages and mass political rallies, Crabtree dramatizes the battle between crony capitalists and economic reformers, revealing a tense struggle between equality and privilege playing out against a combustible backdrop of aspiration, class, and caste. The Billionaire Raj is a vivid account of a divided society on the cusp of transformation—and a struggle that will shape not just India’s future, but the world’s.

Author : Yin-Wong Cheung,Jakob de Haan
Publisher : MIT Press
Page : 473 pages
File Size : 48,8 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780262018234

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The Evolving Role of China in the Global Economy by Yin-Wong Cheung,Jakob de Haan Pdf

China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.

Author : Yuen Yuen Ang
Publisher : Stanford University
Page : 177 pages
File Size : 51,7 Mb
Release : 2009
Category : Electronic
ISBN : STANFORD:hr313dw9240

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State, Market, and Bureau-contracting in Reform China by Yuen Yuen Ang Pdf

Why and how has China succeeded as a developmental state despite a seemingly rents-ridden bureaucracy? Following conventional wisdom, "Weberian" bureaucracies are an institutional precondition for development, especially in interventionist states like China. However, my research finds that China's fast-growing economy has not been governed by a purely salaried civil service. Instead, Chinese bureaucracies still remain partially prebendal; at every level of government, each office systematically appropriates authority to generate income for itself. My study unravels the paradox of "developmentalism without Weberianness" by illuminating China's unique path of bureaucratic adaptation in the reform era -- labeled as bureau-contracting -- where contracting takes place within the state bureaucracy. In a bureau-contracting structure, the state at each level contracts the tasks of governance to its own bureaucracies, assigning them revenue-making privileges and property rights over income earned in exchange for services rendered. Contrasting previous emphases on the prevalence of illicit corruption in China, my study shows how and why bureaucracies in this context are actually authorized by the state to profit from public office. Specifically, I identify two factors that constrain arbitrary and excessively predatory behavior among Chinese bureaucracies: first, mechanisms of rents management, and second, the mediation of narrow departmental interests by local developmental incentives. In short, I argue that it is the combination of an incentive-compatible fiscal design and increasingly sophisticated instruments of oversight that have sustained an otherwise unorthodox structure of governance in China. In a phrase, bureau-contracting presents a high-powered but opportunistic alternative to the Weberian ideal-type. The Chinese experience suggests that "market-compatible" bureaucratic institutions need not necessarily conform to -- and may even diverge significantly -- from standard Western models, at least at early stages of development. My research draws on interviews with 165 cadres across different regions and governmental sectors, as well as statistical analysis of previously unavailable budget data.

Author : Gordon Tullock
Publisher : Edward Elgar Publishing
Page : 162 pages
File Size : 46,6 Mb
Release : 2008-01-01
Category : Business & Economics
ISBN : 9781845424688

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Public Goods, Redistribution and Rent Seeking by Gordon Tullock Pdf

The book features Professor Tullock s normal array of insights and gems of wisdom throughout. The thesis of the book, to view government through the prism of externalities, is intriguing and makes the book well worth reading. Daniel Sutter, Public Choice The book can be commended for introducing a broad range of thought-provoking ideas in an accessible form. It is an easy read, but does not achieve (nor does it aspire to) the usual standards of academic rigour. It is in places retrospective and in others polemical. But all of it is entertaining. Gareth Myles, Economica The book offers a nice introduction into public choice but still has enough in it to keep more advanced scholars interested. Well worth reading for anyone with even a modicum of interest in economics and/or politics in the most non-partisan sense. Phong Ngo, Economic Record Tullock provides a readable account of public choice economics and the problems with collective decision making. . . Highly recommended. M. Steckbeck, Choice Gordon Tullock, eminent political economist and one of the founders of public choice, offers this new and fascinating look at how governments and externalities are linked. Economists frequently justify government as dealing with externalities, defined as benefits or costs that are generated as the result of an economic activity, but that do not accrue directly to those involved in the activity. In this original work, Gordon Tullock posits that government can also create externalities. In doing so, he looks at governmental activity that internalizes such externalities. Monarchical governments originally introduced, for the benefit of the monarch rather than to eliminate externalities, many standard government activities such as road building, war, and internal policing. Most modern governments spend more money on redistribution than on more traditional government activities. This can be thought of as another effort to reduce externalities, since suffering in the community imposes externalities on the rest of us. Rent seeking, a relatively new field in economics and political science, is closely related to externalities and to the structure of government. An analysis of rent seeking, as well as some suggestions for improving government structure, cap off this fascinating treatise. Economists and political scientists will find this lively and readable book both stimulating and provocative.

Author : Alberto Gabriele
Publisher : Springer Nature
Page : 313 pages
File Size : 40,5 Mb
Release : 2020-04-06
Category : Political Science
ISBN : 9789811521218

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Enterprises, Industry and Innovation in the People's Republic of China by Alberto Gabriele Pdf

This book analyses and critically evaluates the development of two key components of China’s economy: the network of productive enterprises, and the national innovation system, from the inception of market-oriented reforms to the present day. The approach is a partly novel one, albeit inspired to classical political economy, rooted in the structure and evolution of social relations of production and exchange and of the institutional setting in these two crucial domains. The main findings are twofold: First, the role of planning and public ownership, far from withering, has being upheld and qualitatively enhanced, especially throughout the most recent stages of industrial reforms. Second, enterprises are increasingly participating - along with universities and research centers - in a concerted and historically unparalleled effort to dramatically upgrade China’s capacity to engage in indigenous innovation. As a result, China’s National Innovation System has been growing and strengthening at a pace much faster than that of the national economy as a whole. The book also presents a speculative and provisional perspective on the validity, and meaning, of the claim that the country’s socioeconomic system is indeed a form of socialism with Chinese characteristics. It will be on interest to students and scholars researching China, politics, and development economics.