Private enterprises have contributed significantly to China's recent economic growth and will play a key role in achieving China's goal of building a comprehensively well-society. But how can private enterprises help China mitigate its macroeconomic problems such as unemployment, income inequality, financial disintermediation, and an unhealthy economic cycle? And what are the main obstacles to private enterprise development? Private Enterprises and China’s Economic Development answers these questions by identifying the range of cultural, political and financial challenges confronting China's private enterprises, and assessing their performance and potential. Contributors also analyse the experiences and lessons of other countries, and propose strategies and policies to help China promote private enterprise development.
Using the most up to date research on private enterprises, including detailed econometric analysis and national representative data, authors including economists, policy-makers and academics from the USA, China, Singapore and Canada comprehensively address the most important aspects of China’s private enterprise development. As such this book will appeal to students, scholars and policy-makers alike with an interested in the Chinese economy, economic growth, comparative economics and transitional economics.
Table of Contents
1. Introduction and Overview Shuanglin Lin, Wing Tye Woo and Xiaodong Zhu Part 1: Private Enterprises, Efficiency and Economic Growth 2. Stages of Economic Development Jeffrey Sachs 3. Higher Efficiencies of Resource Reallocation? Li Gan, Shunfeng Song and Chiu Tan 4. A Panel-Data Sensitivity Analysis of Regional Growth in China 5. Private, State-Owned and Foreign-Invested Enterprises Yi Feng and Yi Sun 6. Size of the State-Owned Sector and Regional Growth in China Kerk Phillips and Shen Kunrong 7. The Productivity Efficiency of the State-Owned Enterprises in China 8. Determinants of the Profitability of China's Regional SOEs Shuanglin Lin and Wei Rowe Part 2: Government, Legal Protection and Private Enterprises 9. Government and Private Enterprises Wenbo Wu 10. Property Rights Developments and Productivity Gains in China Xiaowen Tian and Vai Io Lo 11. Evolution of Economic Development Jack W. Hou and Chia-Chu Hou 12. Private Enterprises Development and Governmental Functions Jian He 13. Legal Protections of Administration Regulations on Private Enterprises Hong Lu Part 3: Financial Reforms and Enterprise Development 14. Some Thoughts on Financial Reform in Rural Areas Xiaochuan Zhou 15. Financing of Private Enterprises and Deepending Financial Reform Yingfeng Xu 16. Is Public Listing a Way Out for Chinese State-Owned Enterprises? Xiaozu Wang, Lixin Colin Xu and Tian Zhu 17. What Caused Non-Performing Loan Piling-Up in the Late 1990s Ding Lu, Sandre M. Thangavelu and Qing Hu 18. Public Venture Capital Changwen Zhao, Shuming Bao and Chunfa Chen 19. Commerical Bank Regulation and Supervision Jing Lu Part 4: Prite Enterprises, Employment and Earnings 20. Policy Reforms, Private Enterprise Development and Rural Household Earnings Dennis Tao Yang and Vivian Chen 21. The Effect of Education and Wage Determination in China's Rural Industry Haizheng Li and Aselia Urmanbetova 22. Business Density and Economic Well-Being in the 50 US States Ying Lowrey 23. Effects of Privatization on Employment in Transitional China Gene Hsin Chang Part 5: Openness and Private Enterprise Development 24. Trade, FDI and Productivity of China's Private Enterprises Bin Xu 25. The Challenges of China's Private Enterprises Face in the WTO Shaomin Huang, Dongxia Wu and Grant D. Forsyth 26. The Demand and Supply of Energy in China David F. Gates and Jason Z Yin
Shuanglin Lin is the Noddle Distinguished Professor of Economics at the University of Nebraska, Omaha, and Chair of the Department of Public Finance at Peking University. He has served as the President of the Chinese Economists' Society. His research interests include public finance and economic development.
Xiaodong Zhu is Professor of Economics at the University of Toronto and Special Term Professor at Tsinghua University. He is an editor of the China Journal of Economics and serves on the editorial boards of several other international economics journals. His research interests include economic development and macroeconomics.