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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF APPLIED BUSINESS AND ECONOMICS


The Success of Market Reforms in China: Competing Paradigms of Information Economics and Neoclassical Economics


Author(s): Elena Kulikov, Alexander Kulikov

Citation: Elena Kulikov, Alexander Kulikov, (2018) "The Success of Market Reforms in China: Competing Paradigms of Information Economics and Neoclassical Economics," Journal of Applied Business and Economics, Vol. 20, Iss.5,  pp. 33-39

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The transition from centrally planned to market-based economies is a crucial experiment highlighting the relative merits of different economic schools of thought. This manuscript is the first one of two
interconnected research papers examining this transition in different contexts: China and Russia. In the
current paper, we evaluate the success of the new information paradigm applied in China. We argue that
markets cannot be efficient without a role for the government, and pitting market against government is
an outdated dichotomy. Public administration, government regulations and intervention, and social
institutions are all impacting the efficiency of economic markets. The new information economics is
important for the future of public administration.