Innovation or Rent-seeking:The Entrepreneurial Behavior during China's Economic Transformation  

作　　者：Jinglian Wu Shaoqing Huang 

机构地区：[1]Senior Research Fellow, the Development Research Center of State Council, Beijing, and Chair Professor of Bao-Steel at the China Europe International Business School, Shanghai, China [2]Research Fellow, China Europe International Business School, Shanghai, China

出　　处：《China & World Economy》2008年第4期64-81,共18页中国与世界经济（英文版）

摘　　要：Although achieving impressive economic growth during the economic reform period, China has been plagued by rampant corruption and a widening income gap. How can the coexistence of these two phenomena be explained？ In this paper, we argue that before 1994, the coexistence was induced by a series of expediential institutional arrangements to stimulate entrepreneurial activities and after 1994, it was entrenched because of the slow progress in the overall reform toward becoming a market economy and because of inappropriate government actions and the lack of government action in institutional building. To solve these problems, economic and political reforms need to be accelerated to improve market institutions and to establish the rule of law.Although achieving impressive economic growth during the economic reform period, China has been plagued by rampant corruption and a widening income gap. How can the coexistence of these two phenomena be explained？ In this paper, we argue that before 1994, the coexistence was induced by a series of expediential institutional arrangements to stimulate entrepreneurial activities and after 1994, it was entrenched because of the slow progress in the overall reform toward becoming a market economy and because of inappropriate government actions and the lack of government action in institutional building. To solve these problems, economic and political reforms need to be accelerated to improve market institutions and to establish the rule of law.

关 键 词：entrepreneurial talent expediential institutional arrangements INNOVATION rent seeking 

分 类 号：F272.91[经济管理—企业管理]