Institutional Factors In The Chinese Market The Process Of Regional Economic Differences

With a synthesis of theories on regional economic development and institutional change,this thesis represent an attempt on the part of the author to explore the role of institutional factors in the non-equilibrium development of economy in the hope of providing a theoretical framework for the transition of regional economic from the non-equilibrium modes to equilibrium modes。The non-equilibrium of regional economy is an unavoidable stage in an economy。The regional economic difference is particularly important for China which in the economic institutional transition。The thesis holds the following institutional factors as attributable to regional economic difference:the relationship between the government and the market,the level of the development of private sectors,the openness of the economy and the level of the development of intermediary service organization and legal safeguard。These institutional factors have changed the way resources are combined with production factors and the efficiency of the use of resources,which will result regional economic difference ultimately。By way of seeking the quantitative indices,an empirical evaluation has been made,based on panel data,of the correlation between regional institutional change and the regional economic performance from 2001 to 2005。With a theoretical analysis,a study has been made of the impact of various factors on the regional economic difference,such as the relationship between the government and the market,the level of the development of private sectors,the level of the prices controlled by market,the marketization of credit allocation,the level of the development of intermediary service organization and legal safeguard。Three samples,obtained the Eastern region,the central region and the western region,have examined the relative role of institutional factors in regional economic difference。The conclusion drawn from the thesis is obvious:the main institutional factors which have a great impact on the regional economic difference are different to various regions。China's policies on the regional development are based not only on the force of the government and the market but also on differentiated objectives defined by the comparative advantages specific to individual regions。...