Brakes on Chinese Development: Institutional Causes of a Growth Slowdown

Geoffrey Hodgson; Kainan Huang

Brakes on Chinese Development: Institutional Causes of a Growth Slowdown

Geoffrey Hodgson, Kainan Huang

Research output: Working paper

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Abstract

China has enjoyed spectacular economic growth since the 1980s. Economic models based on production functions typically suggest that China‟s rapid growth will continue at similarly high rates, but they ignore pressing structural and institutional constraints on its development. Among the problems identified in this paper, we point to an impending demographic shift that will greatly increase the number of economic dependents, the inadequate corporate legal foundation for indigenous private enterprise, and the discriminatory, defective and disruptive system of land tenure. These problems suggest a pressing agenda of institutional reform to help China develop in future decades.

Original language	English
Publisher	University of Hertfordshire
Number of pages	21
Publication status	Published - 2012

Publication series

Name	UH Business School Working Papers
Publisher	University of Hertfordshire

Keywords

China
development
institutions
demography
corporate law
land tenure

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Brakes on Chinese Development: Institutional Causes of a Growth Slowdown

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