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

Vai Io Lo, Xiaowen Tian

Research output: Contribution to journalArticleResearchpeer-review

7 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)245-258
Number of pages13
JournalPost-Communist Economies
Volume14
Issue number2
DOIs
Publication statusPublished - 2002
Externally publishedYes

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