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Article
Property rights, productivity gains, and economic growth: The Chinese experience
Post-Communist Economies (2002)
  • Vai Io Lo
  • Xiaowen Tian, National University of singapore
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.
Keywords
  • private property rights,
  • property rights theory,
  • economic development,
  • productivity,
  • China
Publication Date
January 1, 2002
Citation Information
Vai Io Lo and Xiaowen Tian. "Property rights, productivity gains, and economic growth: The Chinese experience" Post-Communist Economies (2002)
Available at: http://works.bepress.com/vai_lo/5/