Industrial Reform and Macroeconomic Instability in China

, by Kueh, Y. Y.; Chai, Joseph C. H.; Fan, Gang

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ISBN: 9780198293408 | 0198293402
Cover: Hardcover
Copyright: 4/15/1999

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This study focuses specifically on the giant state-owned enterprises to unravel the intriguing dynamics between industrial deregulation and inflation.

List of Contributors

(1)

List of Abbreviations

PART I. INTRODUCTION

(28)

1. Economic Reform in Chinese Industry: Efficiency and Instability

(18)

Y. Y. KUEH

2. The Nature and Scope of the Survey Data

(10)

JOSEPH C. H. CHAI

GANG FAN

Y. Y. KUEH

PART II. ENTERPRISE BEHAVIOUR AND EFFICIENCY

(132)

3. Readjustment of the Managerial and Organizational Structure of Chinese Enterprises

(15)

MEE-KAU NYAW

4. Measuring the Changing Degree of Enterprise Decision-Making Autonomy and Constraints

(41)

SHUGUANG ZHANG

Y. Y. KUEH

5. Employment Policy and Productive Efficiency as Alternative Managerial Objectives

(16)

HING-LIN CHAN

SHU-KAM LEE

6. The Contract Responsibility System and X-Efficiency in the Machine Industry

103

(18)

PAK-HUNG MO

SUNG-KO LI

7. Investment Financing and the Profitability Criterion

121

(26)

Y. Y. KUEH

8. Marketization, Regional Economic Integration, and the Profit Criterion

147

(16)

PAK-HUNG MO

SHUI-PUI TONG

PART III. MACROECONOMIC INSTABILITY

163

(100)

9. Industrial Reform as a Major Cause of Inflation

163

(25)

GANG FAN

10. Wage Reforms and the Effectiveness of Aggregate Wage Target Control

188

(27)

ZHONGWEI YANG

ZHINENG HAN

11. Empirical Evidence of the Twin Expansion of Investment and Wage Outlay

215

(17)

SHU-KI TSANG

YUK-SHING CHENG

12. Hardening the `Budget Constraint' to Control Inflation under the Two-Track System

232

(15)

JOSEPH C. H. CHAI

CLEM TISDELL

13. Macroeconomic Policies, Financial Conditions, and Enterprise Behaviour

247

(16)

CHENG WANG

SHU-KI TSANG

PART IV. CONCLUSION

263

(29)

14. Prospects for a Transition to a Market Economy without Runaway Inflation

263

(29)

Y. Y. KUEH

Appendices

292

(23)

Y. Y. KUEH

1. A Note on the Changing Quantitative Importance of the Large- and Medium-Scale Industrial Enterprises within the Chinese Economy.

2. Major Production and Financial Statistics for the 300 Sample State-owned Large and Medium-Scale Industrial Enterprises in Comparison with the National Aggregates for the Large and Medium-Scale Industrial Enterprises and other Categories of Industrial Establishments, 1980-1994

Index

315

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Industrial Reform and Macroeconomic Instability in China

Summary

Table of Contents

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Industrial Reform and Macroeconomic Instability in China

Summary

Table of Contents

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