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1 | (18) |
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1.1 Township and Village Enterprise and Economic Duality |
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1 | (3) |
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1.2 Implications of TVE Studies: Macro and Micro Perspectives |
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4 | (2) |
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1.3 Empirical and Theoretical Considerations: The Definition of Economic Environment |
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6 | (2) |
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1.4 Research Method and Methodology |
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8 | (4) |
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1.4.1 Definition of Township and Village Enterprise |
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8 | (2) |
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1.4.2 Official Data Sources |
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10 | (1) |
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1.4.3 Empirical Studies and the Using of Data |
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10 | (2) |
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1.5 The Purpose of This Study and the Structure of the Book |
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12 | (7) |
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14 | (5) |
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2 TVEs: Theories and Methodology |
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19 | (28) |
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2.1 A Brief Introduction to TVEs |
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19 | (1) |
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2.2 A General Macro-Level Theory Review |
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20 | (8) |
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2.2.1 Economic Growth and Economic Transition |
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20 | (3) |
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2.2.2 M-Form Theory and Fiscal Feudalism |
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23 | (2) |
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2.2.3 State Corporatism and Joint Liability |
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25 | (1) |
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2.2.4 Economic Environment and Ambiguous Property Rights |
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26 | (2) |
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2.3 Comments on Macro Issues and Theories |
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28 | (4) |
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2.4 Micro-Theory: Ownership Structure and Entrepreneurship |
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32 | (4) |
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36 | (6) |
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2.5.1 Junction of Institutions: The Represented M-Form Theory |
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36 | (2) |
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2.5.2 Alternative Institutions |
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38 | (1) |
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2.5.3 Macro and Micro: Economic Reform and Organizational Change |
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39 | (3) |
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42 | (5) |
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43 | (4) |
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3 Township and Village Enterprises: History and Institutions (1958--1997) |
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47 | (40) |
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47 | (3) |
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3.2 Commune-Brigade Enterprises (CBEs) in the Pre-reform Period: 1958--1978 |
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50 | (8) |
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50 | (2) |
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3.2.2 CBE Operation Under Central Planning Economy |
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52 | (2) |
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3.2.3 CBE Institutions: Strengths and Weaknesses |
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54 | (2) |
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3.2.4 CBE and Central Government Decentralization |
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56 | (2) |
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3.3 From Commune---Brigade Enterprises (CBEs) to Township and Village Enterprises (TVEs): 1978--1984 |
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58 | (11) |
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3.3.1 1978 Reform and Its Institutional Foundations |
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58 | (3) |
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3.3.2 Decentralization and Liberalization |
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61 | (3) |
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3.3.3 The Role of Local Government in the Creation of CBE Property Rights |
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64 | (2) |
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3.3.4 The Transformation of CBEs into TVEs |
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66 | (3) |
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3.4 The Golden Age of TVEs: 1984--1997 |
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69 | (10) |
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3.4.1 The Development of TVEs and Their Increasingly Important Role in the Chinese Economy |
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69 | (1) |
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3.4.2 Changes in Fundamental Institutions and the Local Government |
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70 | (2) |
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3.4.3 The Financial Market: TVEs and the Banking Sector |
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72 | (2) |
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3.4.4 The Firm: State Relationship---The Different Roles of Central and Local Government |
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74 | (2) |
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3.4.5 Changes in Central-Local Government Relationship and Their Impacts on TVEs |
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76 | (2) |
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3.4.6 TVE Privatization in the Late 1990s |
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78 | (1) |
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79 | (8) |
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83 | (4) |
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4 Ownership Structure of TVEs: TVE and Local Politics |
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87 | (26) |
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87 | (5) |
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4.1.1 TVE Property Rights: Two Issues |
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87 | (2) |
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4.1.2 Problems with the Ambiguous Property Rights Approach |
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89 | (1) |
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4.1.3 Problems with TVE Institutions |
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90 | (2) |
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4.2 From CBE to TVE: Changes in Incentives |
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92 | (4) |
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4.2.1 Pattern Classification of Pre-reform CBEs |
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92 | (2) |
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4.2.2 The Impact of Reform and CBE Transformation |
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94 | (2) |
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4.3 The Nature of TVE Property Rights |
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96 | (11) |
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4.3.1 TVE: An Interloper in the Central Planning System |
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96 | (2) |
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4.3.2 Why Local Politics Matter |
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98 | (3) |
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4.3.3 Why TVE Patterns Matter |
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101 | (3) |
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104 | (2) |
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4.3.5 Institutional Conditions of TVE Development |
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106 | (1) |
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107 | (6) |
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5 The Fall and Rise of State-Owned Enterprises (I): The Dual-Track Price System |
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113 | (28) |
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113 | (2) |
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5.2 The Dual-Track System: The Pre-1998 Economy and SOEs |
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115 | (9) |
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5.2.1 The Origin of the Dual-Track System |
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115 | (3) |
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5.2.2 The Nature of the Dual-Track System |
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118 | (2) |
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5.2.3 Problems with the Dual-Track Price System: 1992 and the Factors Leading to the 1998 SOE Reform |
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120 | (4) |
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5.3 SOEs After 1998: Monopoly and Primogeniture of the State |
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124 | (10) |
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5.3.1 Restructuring SOEs: Zhua Da Fang Xiao |
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124 | (2) |
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5.3.2 The Rise of the Power of the Centre and Bank Reform |
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126 | (3) |
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5.3.3 Impacts of 1998-2003 SOE Reform |
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129 | (3) |
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5.3.4 Impacts of Banking Industry Reform to TVEs |
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132 | (2) |
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5.4 The Rise of SOEs: Accident or Inevitability? |
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134 | (7) |
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137 | (4) |
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6 The Fall and Rise of State-Owned Enterprises (II): The Institutional Root of the Chinese Dual Head Economy |
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141 | (28) |
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6.1 How to Measure and Identify Successful SOEs |
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141 | (2) |
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6.2 From Central Planning to Dual-Track |
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143 | (7) |
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6.2.1 The Legacy of the Central Planning System |
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143 | (2) |
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6.2.2 The Central Planning System and the State Sector |
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145 | (2) |
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6.2.3 Why Did the Dual-Track System Work? |
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147 | (3) |
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6.3 The Logic of SOE Reform: From Dual-Track System to State Monopoly |
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150 | (6) |
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6.3.1 The De-linking Between SOEs and the State's Fiscal Income |
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150 | (2) |
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6.3.2 Restructuring Central and Local SOEs |
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152 | (1) |
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153 | (3) |
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6.4 The Nature of the Chinese State Sector: From Dual-Track System to State Monopoly |
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156 | (7) |
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6.4.1 SOEs and the Market: The Logic of Chinese SOE Reform |
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156 | (2) |
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6.4.2 The Role of Regulator |
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158 | (2) |
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6.4.3 Central Planning and State Monopoly: Conditions and Implications |
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160 | (3) |
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163 | (6) |
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166 | (3) |
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7 TVE and the Economic Environment |
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169 | (26) |
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7.1 Market Environment: Is There a Chinese Index? |
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169 | (3) |
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172 | (11) |
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7.2.1 The Economic Environment: The State Sector as the Dominant Component |
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172 | (2) |
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7.2.2 The gongxiaoyuan (`Salesman') Phenomenon |
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174 | (3) |
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7.2.3 The Rule of the State Sector: Dual-Track Pricing |
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177 | (4) |
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7.2.4 The Economic Environment for TVEs: Characteristics of the Pre-1998 Reform |
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181 | (2) |
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183 | (5) |
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7.3.1 TVEs and the Impact of the 1998-2003 SOE Reforms |
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183 | (3) |
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7.3.2 Late 1990s: Privatization and the Economic Environment |
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186 | (2) |
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7.4 The Nature of the Chinese Economic Environment |
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188 | (7) |
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192 | (3) |
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195 | (14) |
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8.1 Structure of This Book |
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195 | (1) |
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8.2 Conclusion I: The Micro Structure of TVE Ownership |
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196 | (5) |
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8.2.1 Problems with Principal-Agent Model-Based Approach |
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196 | (2) |
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8.2.2 An Alternative Explanation: The Entrepreneur's Political Role |
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198 | (3) |
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8.3 Conclusion II: SOE Sector as the Economic Environment |
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201 | (4) |
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8.3.1 SOE and Dual-Track System as Economic Environment |
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201 | (3) |
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8.3.2 The Demise of the Dual-Track System and State Sector Reform |
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204 | (1) |
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205 | (4) |
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207 | (2) |
Index |
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209 | |