Summary
The Chinese economy has experienced the most striking changes in the last two decades, with a structural transition from a centrally planned economy to a market oriented economy with a growth of GNP. The economic reform was the basis for a new industrialization mechanism that is responsible for a fast growth of production, mainly outside the planned segment.
This paper presents an econometric model that can be used for an analysis of the quantitative expansion of the non-planned activities and the qualitative changes of the state-owned enterprises.
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© 1998 Physica-Verlag Heidelberg
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Pu, C., Frohn, J. (1998). An Econometric Model for the Transition Process of China’s Economy. In: Galata, R., Küchenhoff, H. (eds) Econometrics in Theory and Practice. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-47027-1_22
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DOI: https://doi.org/10.1007/978-3-642-47027-1_22
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