{"id":"https://openalex.org/W43065692","doi":null,"title":"THE LESSONS OF CHINA'S TRANSITION TO A MARKET ECONOMY","display_name":"THE LESSONS OF CHINA'S TRANSITION TO A MARKET ECONOMY","publication_year":1996,"publication_date":"1996-01-01","ids":{"openalex":"https://openalex.org/W43065692","mag":"43065692"},"language":"en","primary_location":{"id":"mag:43065692","doi":null,"is_oa":false,"landing_page_url":"https://object.cato.org/sites/cato.org/files/serials/files/cato-journal/1996/11/cj16n2-3.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S147728512","display_name":"Cato Journal","issn_l":"0273-3072","issn":["0273-3072","1943-3468"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":"https://openalex.org/P4310315727","host_organization_name":"Cato Institute","host_organization_lineage":["https://openalex.org/P4310315727"],"host_organization_lineage_names":["Cato Institute"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cato Journal","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5075837299","display_name":"Justin Yifu Lin","orcid":"https://orcid.org/0000-0003-0518-9829","observed_orcids":["https://orcid.org/0000-0003-0518-9829"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Y Justin","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103220392","display_name":"Fang Cai","orcid":"https://orcid.org/0000-0003-1276-1862","observed_orcids":["https://orcid.org/0000-0003-1276-1862"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Fang Cai","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-1276-1862","affiliations":[]},{"author_position":"last","author":{"id":null,"display_name":"Zhou Li","orcid":"https://orcid.org/0000-0002-9401-1012","observed_orcids":["https://orcid.org/0000-0002-9401-1012"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Zhou Li","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-9401-1012","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":9.7929,"has_fulltext":false,"cited_by_count":110,"citation_normalized_percentile":{"value":0.97146396,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":"16","issue":"2","first_page":"201","last_page":"231"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10628","display_name":"China's Socioeconomic Reforms and Governance","score":0.5863999724388123,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10628","display_name":"China's Socioeconomic Reforms and Governance","score":0.5863999724388123,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14433","display_name":"Post-Communist Economic and Political Transition","score":0.40720000863075256,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13186","display_name":"Russia and Soviet political economy","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/chinese-economic-transformation","display_name":"Chinese economic transformation","score":0.7519999742507935},{"id":"https://openalex.org/keywords/planned-economy-to-market-economy","display_name":"planned economy to market economy","score":0.7889999747276306},{"id":"https://openalex.org/keywords/economic-reform","display_name":"economic reform","score":0.6650000214576721},{"id":"https://openalex.org/keywords/gradualism","display_name":"gradualism","score":0.6010000109672546},{"id":"https://openalex.org/keywords/shock-therapy","display_name":"shock therapy","score":0.8410000205039978},{"id":"https://openalex.org/keywords/boom-bust-cycles","display_name":"boom-bust cycles","score":0.9430000185966492},{"id":"https://openalex.org/keywords/transition-economies","display_name":"transition economies","score":0.6710000038146973},{"id":"https://openalex.org/keywords/initial-conditions","display_name":"initial conditions","score":0.5740000009536743},{"id":"https://openalex.org/keywords/agricultural-labor-force","display_name":"agricultural labor force","score":0.7250000238418579}],"concepts":[{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.7970267534255981},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6931190490722656},{"id":"https://openalex.org/C2778929795","wikidata":"https://www.wikidata.org/wiki/Q17489160","display_name":"Bust","level":3,"score":0.6532541513442993},{"id":"https://openalex.org/C2780248691","wikidata":"https://www.wikidata.org/wiki/Q1648240","display_name":"Shock therapy","level":3,"score":0.5346122980117798},{"id":"https://openalex.org/C84265765","wikidata":"https://www.wikidata.org/wiki/Q193219","display_name":"Subsidy","level":2,"score":0.5056142807006836},{"id":"https://openalex.org/C141441539","wikidata":"https://www.wikidata.org/wiki/Q1970908","display_name":"Boom","level":2,"score":0.49472662806510925},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.48246127367019653},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.44419461488723755},{"id":"https://openalex.org/C3017612487","wikidata":"https://www.wikidata.org/wiki/Q15180","display_name":"Soviet union","level":3,"score":0.44387301802635193},{"id":"https://openalex.org/C2776002544","wikidata":"https://www.wikidata.org/wiki/Q1330546","display_name":"Transition economy","level":2,"score":0.4104410409927368},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.28681060671806335},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.258005827665329},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.1112297773361206},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.09751534461975098},{"id":"https://openalex.org/C87717796","wikidata":"https://www.wikidata.org/wiki/Q146326","display_name":"Environmental engineering","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:43065692","doi":null,"is_oa":false,"landing_page_url":"https://object.cato.org/sites/cato.org/files/serials/files/cato-journal/1996/11/cj16n2-3.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S147728512","display_name":"Cato Journal","issn_l":"0273-3072","issn":["0273-3072","1943-3468"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":"https://openalex.org/P4310315727","host_organization_name":"Cato Institute","host_organization_lineage":["https://openalex.org/P4310315727"],"host_organization_lineage_names":["Cato Institute"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cato Journal","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.75}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":24,"referenced_works":["https://openalex.org/W310220069","https://openalex.org/W1481348879","https://openalex.org/W1489138642","https://openalex.org/W1513463865","https://openalex.org/W1530466368","https://openalex.org/W1967375335","https://openalex.org/W1980658355","https://openalex.org/W1984777013","https://openalex.org/W1997634397","https://openalex.org/W2004821509","https://openalex.org/W2011793018","https://openalex.org/W2037444436","https://openalex.org/W2046909043","https://openalex.org/W2058478301","https://openalex.org/W2061155454","https://openalex.org/W2077425453","https://openalex.org/W2084411001","https://openalex.org/W2088880025","https://openalex.org/W2118189746","https://openalex.org/W2130827071","https://openalex.org/W2160564428","https://openalex.org/W2181510634","https://openalex.org/W2402492233","https://openalex.org/W2796193928"],"related_works":["https://openalex.org/W7096959849","https://openalex.org/W4388071903","https://openalex.org/W21848281","https://openalex.org/W4233900682","https://openalex.org/W3171679074","https://openalex.org/W1725739319","https://openalex.org/W4243605801","https://openalex.org/W2021652810","https://openalex.org/W2135337398","https://openalex.org/W7097253876"],"abstract_inverted_index":{"China\u2019s":[0,38,79,130,150,165],"transition":[1,46],"from":[2],"a":[3,6,141],"plannedeconomy":[4],"to":[5,16,137,149,162],"market":[7],"economy":[8],"beganatthe":[9],"endof":[10],"1978.When":[11],"Chinastartedtheprocess,thegovernment":[12],"did":[13],"nothaveawell-designedblueprint.":[14],"Theapproach":[15],"reform":[17],"can":[18],"be":[19],"characterized":[20],"as":[21,31],"piecemeal,":[22],"partial,":[23],"incremental,":[24],"and":[25,35,63,83,89,99,105,111,140,154,158],"often":[26],"experimental.":[27],"Someeconomists":[28],"regard":[29],"thisapproach":[30],"self-defeating":[32],"(Murphy,":[33],"Schleifer,":[34],"Vishny":[36],"1992).":[37],"average":[39],"annualrate":[40],"of":[41],"GDP":[42],"growthhasbeen":[43],"miraculoussincethe":[44],"beginningofthe":[45],"(Liiietal.":[47],"1996)":[48],"andis":[49],"the":[50,55,87,95,100,138],"most":[51],"successfulofthetransition":[52],"economies.":[53],"Nevertheless,":[54],"Chinese":[56],"economyhas":[57],"beentroubledby":[58],"an":[59],"increasingly":[60],"serious":[61],"\u201cboom":[62],"bust\u201d":[64],"cycle":[65],"(see":[66],"Figure":[67],"1).":[68],"WhetherChina\u2019s":[69],"experienceprovides":[70],"usefullessonsforothertransition":[71],"economies":[72],"is":[73],"hotly":[74],"debated.Some":[75],"economists":[76,124],"argue":[77,125],"that":[78,93,126,146],"successdemonstratesthe":[80],"superiorityofanevolutionary,":[81],"experimental,":[82],"bottom-up":[84],"approach":[85],"over":[86],"comprehensive":[88],"top-down":[90],"\u201cshock":[91],"therapy\u201dapproach":[92],"characterizes":[94],"transitionin":[96],"Eastern":[97],"Europe":[98],"former":[101],"Soviet":[102],"Union":[103],"(Jefferson":[104],"Rawski":[106],"1995;":[107],"McKinnon":[108],"1994;":[109],"McMillan":[110],"Naughton":[112],"1992;":[113,119,121],"Smgh":[114],"1991;":[115],"Chen":[116],"et":[117],"al.":[118],"Harrold":[120],"Perkins":[122],"1992)~Other":[123],"itis":[127],"neithergradualismnorexperimentation":[128],"butrather":[129],"unique":[131],"initial":[132],"conditions\u2014namely,a":[133],"largeagriculturallabor":[134],"force,low":[135],"subsidies":[136],"population,":[139],"rather":[142],"decentralized":[143],"economic":[144],"system\u2014":[145],"have":[147],"contributed":[148],"success(Woo":[151],"1993;":[152,156],"Sachs":[153],"Woo":[155],"Qian":[157],"Xu":[159],"1993).":[160],"According":[161],"these":[163],"economists,":[164]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":18},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":9},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}