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Property rights, productivity gains and economic growth: The Chinese experience
Journal article   Peer reviewed

Property rights, productivity gains and economic growth: The Chinese experience

V.I. Lo and X. Tian
Post-Communist Economies, Vol.14(2), pp.245-258
2002
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Abstract

This study finds that the Chinese experience cannot, as some have claimed, pose a challenge to the property rights theory. The unsatisfactory economic performance of the Chinese private sector in the 1980s is attributed to the discriminatory legal environment within which private property rights developed. Private property rights had to develop under the disguise of collectives. Once the political and legal environments improved in the 1990s, the private sector achieved significantly greater productivity gains and contributed more to economic growth than all other sectors. Accordingly, private property rights are crucial to economic performance; China is no exception.

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Citation topics
6 Social Sciences
6.277 Asian Studies
6.277.722 China's Social Transformation
Web Of Science research areas
Economics
ESI research areas
Economics & Business
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