标题：Brakes on Chinese Development: Institutional Causes of a Growth Slowdown
作者：Geoffrey M. Hodgson;Kainan Huang
作者机构：[Hodgson, G] Department of Business Studies, University of Hertfordshire, United Kingdom;[ Huang, K] Center for Economic Research, Shandong University 更多
通讯作者地址：[Hodgson, GM]Univ Hertfordshire, Hatfield AL10 9AB, Herts, England.
来源：Journal of economic issues
关键词：China;corporate law;demography;development;institutions;land tenure
摘要：China has enjoyed spectacular economic growth since the 1980s. Economic models based on production functions typically suggest that China\'s rapid growth will continue at similarly high rates, but they ignore pressing structural and institutional constraints on its development. Among the problems identified in this paper, we point to an impending demographic shift that will greatly increase the number of economic dependents, the inadequate corporate legal foundation for indigenous private enterprise, and the discriminatory, defective and disruptive system of land tenure. These issues point to a pressing agenda of institutional reform to help China develop in future decades. Reforms have to concentrate on political structures, state efficiency, incentives to educate and train migrant workers, land tenure, and on private enterprise.