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Impact of Local Determinants on the Evolution of Township-Village Enterprises in China ’ s Transitional Economy
| Content Provider | Semantic Scholar |
|---|---|
| Author | Chien-Hsun, Chen |
| Copyright Year | 2004 |
| Abstract | The emergence of township-village enterprises (TVEs) is an unique phenomenon in the process of China’s economic transition. This paper empirically examines the influence of local determinants on the evolution of TVEs in Jiangsu, Henan, and Shaanxi provinces, considering such factors as agricultural surplus labor, prefectural government expenditure, and potential for market extension. Pooled cross-section and time-series data at the prefecture level for the period 1989-1993 are employed. An error components technique is used for empirical estimation. The empirical results show agricultural surplus labor has had an adverse effect in Shaanxi province. Prefectural government expenditure and potential for market extension also exert positive effects on TVEs evolution in three provinces. The evolution of TVEs reveals such institutional changes toward allocating resources more efficiently. As the process of TVEs evolution continues, privatization will evolve spontaneously. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.jed.or.kr/full-text/22-2/Chien-Hsun.PDF |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
