Nexus between privatization and marketization during transition process: an experimental analysis based on China’s provincial panel data
Nexus between privatization and marketization during transition process: an experimental analysis based on China’s provincial panel data
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转型过程中私有化与市场化的关系——基于中国省级面板数据的实验分析
DOI：
10.1080/24761028.2018.1496808
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发表时间：
2018
影响因子：
--
通讯作者：
Katsuji and Kohei Mitsunami
中科院分区：
文献类型：
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作者：
Nakagane;Katsuji and Kohei Mitsunami
本文探讨了私有化和市场化之间的联系，以寻求对有效的私有化/市场化政策的深刻影响，特别是在像中国这样的制度不发达国家。我们的假设是，在制度发展达到一定水平的情况下，我们可以识别私有化和市场化之间的因果关系和动态关系。如果市场扩张比私有化促进市场化更容易、更迅速地促进私有制，那么转型政策就应该强调市场扩张，即使最终目标是尽可能广泛地实现整个经济的私有化。 我们用中国各省的面板数据检验了这一假设，以得出私有化和市场化之间相对于制度背景的动态关系的含义。然后，我们对私有化优先政策和市场化优先政策进行说明性分析，以检验它们对后续时期私营企业和市场发展的累积影响。
This paper explores the nexus between privatization and marketization in pursuit of insightful implications about effective privatization/marketization policies, particularly in institutionally underdeveloped countries like China. Our hypothesis is that, given a certain level of institutional development, we can identify causal and dynamic relationships between privatization and marketization. If market expansion facilitates private ownership more easily and rapidly than privatization promotes marketization, transition policy should emphasize market expansion even if the ultimate objective is to privatize the entire economy as extensively as possible. We test this hypothesis with panel data from Chinese provinces to draw implications about a dynamic nexus between privatization and marketization vis-à-vis institutional background. We then develop an illustrative analysis comparing privatization-first versus marketization-first policies to examine their cumulative effects on development of private enterprises and markets in subsequent periods.