Decentralized Socialism and Macroeconomic Stability : Lessons from China

Fan, Gang and Woo, Wing Thye (1993). Decentralized Socialism and Macroeconomic Stability : Lessons from China. UNU-WIDER.

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UNU-WIDER Working Papers

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  • Sub-type Working paper
    Author Fan, Gang
    Woo, Wing Thye
    Title Decentralized Socialism and Macroeconomic Stability : Lessons from China
    Volume/Issue No. 1993/112
    Publication Date 1993
    Place of Publication Helsinki
    Publisher UNU-WIDER
    Pages 45
    Language eng
    Abstract

    Using a survey of 300 state-owned enterprises (SOEs), we argue that the acceleration of inflation in China after 1984 was caused by the decentralization reforms in the state sector. These reforms allowed the SOEs to realize their innate tendencies to over
    Keyword Budget deficits
    Economic growth
    Government business enterprises
    Inflation (finance)
    Socialism
    Copyright Holder UNU-WIDER
    Copyright Year 1993
    Copyright type Fair use permitted
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    Created: Fri, 12 Feb 2016, 12:39:08 JST