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Essays on the gradualist transformat...

Wang, Xiaomei.

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Essays on the gradualist transformation of the Chinese economy: A theoretical assessment.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on the gradualist transformation of the Chinese economy: A theoretical assessment./
Author:	Wang, Xiaomei.
Description:	143 p.
Notes:	Source: Dissertation Abstracts International, Volume: 58-01, Section: A, page: 2490.
Contained By:	Dissertation Abstracts International58-01A.
Subject:	Economic theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9719189
ISBN:	9780591275926

Essays on the gradualist transformation of the Chinese economy: A theoretical assessment.
Wang, Xiaomei.

Essays on the gradualist transformation of the Chinese economy: A theoretical assessment. - 143 p.

Source: Dissertation Abstracts International, Volume: 58-01, Section: A, page: 2490.

Thesis (Ph.D.)--State University of New York at Buffalo, 1997.

This dissertation investigates the implications of assuming that firms under central planning act as a means of redistribution for China's gradualist reform strategy. It also examines the actions of the new private firms searching for high productivity workers, who maximize their expected utility in the uncertain labor market after reform.

ISBN: 9780591275926Subjects--Topical Terms:

1556984
Economic theory.

Essays on the gradualist transformation of the Chinese economy: A theoretical assessment.
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100 1 $a Wang, Xiaomei. $3 3184588
245 1 0 $a Essays on the gradualist transformation of the Chinese economy: A theoretical assessment.
300 $a 143 p.
500 $a Source: Dissertation Abstracts International, Volume: 58-01, Section: A, page: 2490.
500 $a Adviser: Mitchell Harwitz.
502 $a Thesis (Ph.D.)--State University of New York at Buffalo, 1997.
520 $a This dissertation investigates the implications of assuming that firms under central planning act as a means of redistribution for China's gradualist reform strategy. It also examines the actions of the new private firms searching for high productivity workers, who maximize their expected utility in the uncertain labor market after reform.
520 $a China's urban industrial reform is a process of freeing labor markets and "marketizing output" concurrently. The first stage of reform (1984-1991) attempted to enhance productivity by decentralizing control over production. It released opportunities for the reemergence of private firms and labor mobility. The second stage (1992-present) further modifies the state sector by marketizing its output, and develops the private sector that provides alternative employment and income opportunities for workers.
520 $a Unlike the existing literature that takes firms under central planning only as production units, my model incorporates their role as instruments for maintaining subsistence consumption for workers. The organization of labor in state firms institutionalized the rule of egalitarian wage distribution. I have also applied the standard tools of uncertainty and information theory in the assessment of the two-track transformation from a planned toward a market economy.
520 $a I describe in a simple model how the redistribution constraint can be built into a macro planning process to sustain full employment. A command firm maximizing a profit rate target may be allowed to produce beyond the cost minimizing level of output with a redistribution constraint. The redistribution mechanism--the planned pricing scheme and the redistribution constraint on firms--implicitly transfers the surplus of high productivity firms to subsidize the loss of low productivity firms and maintains a macroeconomic balance.
520 $a In the separate uncertainty and information models, I prove that the new organization of the labor market leads to a Pareto improvement for workers and productivity increases relative to the old labor organization. The gradualist transformation of the Chinese economy may be justified by the real social costs that would be imposed by labor unrest consequent upon a radical (complete) labor market re-organization. Gradualist reform imposes an inefficiency cost, but extension of the private sector does allow state sector workers to migrate to better opportunities, when the administrative control of the labor market is removed, while avoiding possible political disorganization.
590 $a School code: 0656.
650 4 $a Economic theory. $3 1556984
650 4 $a Labor economics. $3 642730
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690 $a 0510
710 2 0 $a State University of New York at Buffalo. $3 1017814
773 0 $t Dissertation Abstracts International $g 58-01A.
790 $a 0656
791 $a Ph.D.
792 $a 1997
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9719189