This review article provides an analytical and comprehensive overview of the literature with mathematically rigorous analysis, focusing on the patterns in transition economies, where optimal speed, suitable scale, and appropriate sequencing of reforms are debated in the filed of political economy. It concludes that the big-bang strategy asserting a quick and simultaneous introduction of all reforms is not only the first-best policy to enhance economic efficiency, but also a necessary channel though which the property rights can be enforced effectively. Various qualitative and quantitative reasons are given for why the development of an institutional framework has a significant positive impact on economic growth. Meanwhile, it is also the case for gradualism when the effects of uncertainty and the constraints of political acceptability in the process of reforms are taken into account. The Chinese experience addresses some issues in transitional economies that may not be explained forcibly by the conventional wisdom, in which clearly-defined property rights within a regular economic environment are a prerequisite for economic mechanisms to perform well.
内容記述
本文フィルはリンク先を参照のこと
雑誌名
Discussion paper series. CIRJE-J
巻
CJ-39
発行年
2001-01
書誌レコードID
AA11451834
フォーマット
application/pdf
日本十進分類法
330
出版者
日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
ビッグバンか漸進主義か : 移行パターンの政治経済学
