Add to ORKGChina‘s strong economic performance and its financial development outcomes are extremely difficult to reconcile with the dominant verdict that its financial system is seriously inefficient. Using an evolutionary perspective as a metaphor, this essay offered suggestions that adaptive efficiency criteria may help solve the apparent puzzle. An adaptive efficiency criterion offers conceptual as well as methodological approaches to resolving this puzzle and contradiction. The essay‘s discussions reveal that much of what critics cite as intermediation inefficiencies –non performing loans, directed credit allocation– are, in fact, a dissipative energy generating required spillovers fuelling the entire system. From this perspective, the essay argue...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China‘s strong economic performance and its financial development outcomes are extremely difficult t...
China‘s strong economic performance and its financial development outcomes are extremely difficult t...
China‘s strong economic performance and its financial development outcomes are extremely difficult t...
Despite fundamental market reforms, the Chinese financial system has remained a mixed system. From t...
The paper explores a coherent perspective for understanding the multifaceted puzzle of China‘s finan...
The paper explores a coherent perspective for understanding the multifaceted puzzle of China‘s finan...
Despite fundamental market reforms, the Chinese financial system has remained a mixed system. From t...
Financial development may lead to productivity improvement in developing countries. In this paper, b...
This paper examines regional financial efficiency and economic development in China. We find signifi...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China‘s strong economic performance and its financial development outcomes are extremely difficult t...
China‘s strong economic performance and its financial development outcomes are extremely difficult t...
China‘s strong economic performance and its financial development outcomes are extremely difficult t...
Despite fundamental market reforms, the Chinese financial system has remained a mixed system. From t...
The paper explores a coherent perspective for understanding the multifaceted puzzle of China‘s finan...
The paper explores a coherent perspective for understanding the multifaceted puzzle of China‘s finan...
Despite fundamental market reforms, the Chinese financial system has remained a mixed system. From t...
Financial development may lead to productivity improvement in developing countries. In this paper, b...
This paper examines regional financial efficiency and economic development in China. We find signifi...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...
China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of glob...