Market Mechanism and Economic Reforms in China
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A01=William Byrd
Attainable State
Author_William Byrd
Category=KCB
Category=KN
Central Government
Chinese economic reforms
Chinese Industry
Chinese Planning System
economic transition theory
Enterprise Direct Marketing
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
equilibrium modeling
Excess Demand
Excess Supply
Income Effects
Industrial Consumer Goods
industrial policy analysis
Industrial Producer Goods
industrial sector reform case study
Input Allocations
Interview Information
market mechanism
Market Segmentation Hypothesis
market-oriented reforms
Material Supply System
Plan Allocations
Plan Constraints
Plan Parameters
Plan Prices
Plan Targets
Prereform Period
Reference Market Price
Rent Seeking Behavior
resource allocation models
socialist economy transformation
state enterprise reform
Static General Equilibrium Model
Unconstrained Equilibrium
Vice Versa
Product details
- ISBN 9780873327190
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 31 Jan 1991
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
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This theoretical and empirical study of market-oriented reforms in Chinese industry since the late 1970s focuses on the expansion of the market mechanism in the allocation of industrial products and the concurrent decline of directive planning - a strategy that is a crucial component of the ambitious overall reform "package" that Chinese reformers are trying to implement. The expanding role of Chinese industrial goods has had major implications for the functioning and importance of planning which, the author argues, has become largely irrelevant in terms of direct control over short-term allocation.
William A. Byrd is an economist for the World Bank in New Delhi. In 1987, he received his Ph.D. in Economics from Harvard University. Dr. Byrd’s many publications on the Chinese economy include China’s Financial System: The Changing Role of Banks, and, as editor, Chinese Firms in the New Environment (forthcoming).
