Yak-yeow Kueh / Joseph C. H. Chai / Gang Fan (eds.)

Industrial Reform and Macroeconomic Instability in China

Herausgeber: Kueh, Y Y; Fan, Gang; Chai, Joseph C H

• Gebundenes Buch

Produktbeschreibung

Continually faced with enormous internal wage pressures, all attempts at marketization and price liberalization are inherently inflationary. Based upon an independently, specifically designed set of questionnaires administered to 300 large and medium-scale state industrial enterprises in six major industrial cities, this book provides an in-depth analysis of the first decade of the reforms of the 1980s. The findings are formulated as pointers for understanding the macroeconomic vicissitudes that occurred after the launching of the campaign to create a 'socialist market economy' in the early 1990s. This book will be of use to China analysts, students, and businessmen who are interested in learning about the progress made, the remaining obstacles that the state-owned enterprises face, and their inevitable impact on China's economic growth and stability.

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This study focuses specifically on the giant state-owned enterprises to unravel the intriguing dynamics between industrial deregulation and inflation.

Produktdetails

• Verlag: Oxford University Press, USA
• Seitenzahl: 335
• Erscheinungstermin: 15. April 1999
• Englisch
• Abmessung: 234mm x 156mm x 21mm
• Gewicht: 644g
• ISBN-13: 9780198293408
• ISBN-10: 0198293402
• Artikelnr.: 21901865

Inhaltsangabe

* Part I. Introduction
* 1: Y. Y. Kueh: Economic Reform in Chinese Industry: Efficiency and
Instabilty
* 2: Joseph C. H. Chai, Gang Fan, and Y. Y. Kueh: Nature and Scope of
the Survey Data
* Part II. Enterprise Behaviour and Efficiency
* 3: Mee-kau Nyaw: Readjustment of the Managerial and Organizational
Structure of Chinese Enterprises
* 4: Shuguang Zhang and Y. Y. Kueh: Measuring the Changing Degree of
Enterprise Autonomy and Constraints
* 5: Hing-lin Chan and Shu-kam Lee: Employment Policy and Productive
Efficiency as Alternative Mangerial Objectives
* 6: Pak-hung Mo and Sung-ko Li: The Contract Responsibility System and
X-efficiency in the Machine Industry
* 7: Y. Y. Kueh: Investment Financing and the Profitability Criterion
* 8: Pak-hung Mo and Shui-pui Tong: Marketization, Regional Economic
Integration, and the Profit Criterion
* Part III. Macroeconomic Instability
* 9: Gang Fan: Industrial Reform as a Major Cause of Inflation
* 10: Zhongwei Yang and Zhineng Han: Wage Reforms and the Effectiveness
of Aggregate Wage Target Control
* 11: Shu-ki Tsang and Yuk-shing Cheng: Empirical Evidence of the `Twin
Expansion' of Investment and Wage Outlay
* 12: Joseph C. H. Chai and Clem Tisdell: Hardening `Budget Constraint'
to Control Inflation under the Two-Track System
* 13: Cheng Wang and Shu-ki Tsang: Macroeconomic Policies, Financial
Conditions, and Enterprise Behaviour
* Part IV. Conclusion
* 14: Y. Y. Kueh: Prospects for a Transition to a Market Economy
without Runaway Inflation
* App 1. A Note on the Changing Quantitative Importance of State-owned
Large and Medium-scale Industrial Enterprises in China, 1980-1994
* App 2. Major Production and Financial Statistics for the 300 Sample
Satte-owned Large and Medium-scale Industrial Enterprises in
Comparison with the National Aggregates for the Large and
Medium-scale Industrial Enterprises and Other Categories of
Industrial Establishments, 1980-1994