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Insecure Property Rights and Government Ownership of Firms

Yingyi Qian

in How Reform Worked in China: The Transition from Plan to Market

Published in print:
2017
Published Online:
May 2018
ISBN:
9780262534246
eISBN:
9780262342728
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262534246.003.0006
Subject:
Economics and Finance, International

We develop a theory of the ownership of firms in an environment without secure property rights against state encroachment. "Private ownership" leads to excessive revenue hiding and "state ownership" ... More


Final Thoughts

Sumit K. Majumdar

in Lost Glory: India's Capitalism Story

Published in print:
2018
Published Online:
August 2018
ISBN:
9780199641994
eISBN:
9780191864070
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199641994.003.0009
Subject:
Business and Management, Political Economy, Business History

The chapter sums up the evidence and concludes that India’s industrial performance has been sub-par. Given India’s uninspiring industrial performance, three ameliorative reforms, an administrative ... More


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