The Making of a Market Economy in China: Transformation of Government Regulation of Market Development

2007 ◽  
Vol 13 (6) ◽  
pp. 750-771 ◽  
Author(s):  
Qianlan Wu
Keyword(s):  
Market Economy ◽  
Government Regulation ◽  
Market Development

La struttura istituzionale della produzione *

1991 ◽  
Vol 9 (3) ◽  
pp. 163-173
Author(s):  
Ronald H. Coase
Keyword(s):  
Economic Theory ◽  
Transaction Costs ◽  
Market Economy ◽  
Government Regulation ◽  
Social Cost ◽  
Economic Planning ◽  
Invisible Hand ◽  
Eastern European ◽  
Eastern European Countries ◽  
Wealth Of Nations

Abstract During the two centuries following the publication of Adam Smith’s Wealth of Nations the economists’ main objective has been to improve his analysis and in particular his basic statement that government regulation and economic planning are not necessary for the functioning of an efficient economy, since the price system (the «invisible hand») can successfully coordinate the economy.However, the excessive attention to prices deviated research from other aspects of the economic system. Coase’s effort, through his articles on «The nature of the firm» (1937) and «The problem of social cost» (1960), was to introduce in the traditional economic theory some institutional elements. The contribution of the first article was essentially the introduction into economic analysis of transaction costs. In the second article it was shown that contracting in absence of transaction costs maximizes the wealth, quite apart from the assignment of property rights.The introduction of institutional elements can be very helpful for reforms in Eastern European countries, because market economy can only work through appropriate institutions.

scholarly journals The Problems of Road Transport and the Strategy of Governance

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Zhendong Gao ◽  
Yuefang Tang ◽  
Weixin Li
Keyword(s):  
Market Economy ◽  
Continuous Improvement ◽  
National Economy ◽  
Road Transport ◽  
Market Development ◽  
Social Mechanism ◽  
Development Status ◽  
Great Progress ◽  
Reform And Opening Up ◽  
Opening Up

ABSTRACT Road transport is the lifeblood of the national economy and plays a link in the whole social mechanism. With the accelerated pace of reform and opening up and the continuous improvement of the market economy, China's road transport market has made great progress, but there are still many problems. Analysis of China's road transport market development status and problems. And put forward a better strategy for the governance and rectification of China's road transport market.

scholarly journals Global Financial Derivatives Market Development and Trading on the Example of Ukraine

2020 ◽  
Vol 74 ◽  
pp. 05001
Author(s):  
George Abuselidze ◽  
Nadiia Reznik ◽  
Anna Slobodianyk ◽  
Victoria Prokhorova
Keyword(s):  
Stock Market ◽  
Financial Markets ◽  
Market Economy ◽  
Financial Stability ◽  
Global Scale ◽  
Financial Derivatives ◽  
Market Development ◽  
Price Risk ◽  
Risk Hedging ◽  
Current State

Stock market of financial derivatives in Ukraine still develops. There is important to find the way how to use world experience for the domestic implementation. First of all there is a need to improve of legislative base to ensure economic and financial stability. The next way of integration process for domestic stock market of financial derivatives is stock consolidation. Before implementation of foreign experience on the stock market of Ukraine it is important to take into account of all risks which are connected with this process. This research shows appropriate steps for integration of Ukrainian stock market of financial derivatives into global scale. The article identifies the economic essence of derivatives and their types within market economy. Key trends in global derivatives trading are highlighted. Current state and organizational measures of derivatives market development in Ukraine are discussed. Price risk has become the main feature of contemporary commodity and financial markets. Globalization of world commodity and financial markets leads to rapid changes and uncertain business conditions. Under current circumstances, derivatives market provides efficient ways for price risk hedging within market economy. That is why it is important to take into consideration the contemporary state and perspectives of derivatives market in Ukraine.

scholarly journals Digital Inequality: Internet Technologies in Activation of Consumer Behavior

2020 ◽  
pp. 27-36
Author(s):  
Nina Ivashinenko ◽  
◽  
Mikhail Teodorovich ◽  
Alla Varyzgina ◽  
◽  
...  
Keyword(s):  
Digital Divide ◽  
Government Regulation ◽  
Market Development ◽  
State Control ◽  
Digital Inequality ◽  
Monopoly Regulation ◽  
Russian Region ◽  
Social And Economic Development ◽  
Online Trading ◽  
Nizhny Novgorod Region

The paper is focused on the analysis of the territorial distribution of digital inequality in the Russian region and its influence on the level of online trading in the region. The paper presents the results of monitoring studies of the development of competition and of anti-monopoly regulation in the Nizhny Novgorod region, conducted since 2014, and the results of the last survey in 2018 (comparable methodology was used) on 3,000 respondents out of 20 districts of the region, different by their socio-economic situation. The sample is territorially random, representing the population by sex and age. The authors use the concept of digital inequality of the third generation developed by Ragneddа (Ragnedda, 2017) for study of digital inequality in shopping online possibilities. This approach defines digital inequality not only as an information and technological and educational elements in differences of social groups and communities in the Internet access, but also as an inequality of the advantages that groups might get from its use. This type of inequality cannot be overcome only due to technological and popularizing decisions; inequality should be controlled by the state and communities to prevent its escalation and of excluding entire territories from social and economic development. The paper presents the invented methodology for the typology of administrative municipalities of the region, which helps in implementation of state control over competition. All territories of the region were divided into four zones with different degree of government regulation needed. It helps to reduce the imbalance in market development and to lower the digital divide in Internet shopping. A study of the interrelation between online shopping and retail population satisfaction in administrative regions of Russian regions shows the urgent need to expand municipal competition development maps to include shopping online indicators.

scholarly journals Effects of underdeveloped equity market on investment

2007 ◽  
Vol 4 (4) ◽  
pp. 164-172
Author(s):  
Mark L. Muzere
Keyword(s):  
Market Economy ◽  
Asset Prices ◽  
Equity Market ◽  
Market Development ◽  
Open Market ◽  
Home Equity ◽  
Home Equity Bias

This paper uses a variant of the Allen, Bernardo, and Welch (2000) model in an open market economy to analyze the effects of equity market development on investment. A country’s underdeveloped equity market may discourage investors from investing in the country. Consequently, an underdeveloped equity market may contribute to home equity bias. Asset prices in a less developed equity market tend to be lower. The results suggest that a government may need to facilitate the development of its equity market to attract investment

THE ROLE OF GOVERNMENT IN THE ECONOMY

1997 ◽  
Vol 14 (2) ◽  
pp. 155-171
Author(s):  
Muhammad Akram Khan
Keyword(s):  
Market Economy ◽  
Government Regulation ◽  
Structural Changes ◽  
Free Market ◽  
Free Market Economy ◽  
Business Organizations ◽  
Role Of Government ◽  
The Status ◽  
Effective Role

IntroductionThe recent past has seen fundamental changes in the government’srole in the economy. With the defeat of socialism and the worldwideonslaught of privatization, a new scenario is emerging. The direct roleof government is shrinking and its indirect role is increasing. Arguably,privatization does not necessarily mean “no government,” but rather“better government.” As a result, the following new issues are emerging:What is the extent and nature of government regulation in theeconomy? How can government play an effective role in the redistributionof economic power and still keep the free market economy undisturbed?What structural changes are necessary to protect the publicinterest? How can government itself be regulated? How can we preventgovernment from becoming an instrument of injustice and tyranny?The present paper seeks to discuss these questions from the Islamicperspective.Need for GovernmentWe need government to provide the fundamental legal and socialframework for a free market economy. This framework implies necessarylaws that define the property and other rights, enforce contracts,and describe the status and form of various business organizations. Weneed government to define the rules of the game. Through legislationthe government acts as a referee and forbids foul play. It prohibitscheating and the sale of adulterated foods and drugs; it establishes ...

Urgent Problems of the Russian Stock Market Development

2003 ◽  
pp. 26-43
Author(s):  
Yu. Sizov
Keyword(s):  
Stock Market ◽  
Market Economy ◽  
State Regulation ◽  
Market Mechanism ◽  
Securities Market ◽  
Market Development ◽  
Stock Market Development ◽  
Phases Of Development ◽  
Basic Functions ◽  
Russian Stock Market

The article reviews the importance of a stock market as one of the key institutions of the advanced market economy. The author argues that the country will not be able to proceed to more mature phases of development until its securities market can perform its basic functions. Convincing arguments are put forward against the established views on the impossibility to overcome disadvantages of the market mechanism in today's Russia. The author substantiates recommendations for promoting investment orientation of the stock market and frames a new concept of its state regulation.

Natural Rent as a Category of Market Economy

2004 ◽  
pp. 24-35 ◽  
Author(s):  
I. Buzdalov
Keyword(s):  
Market Economy ◽  
Government Regulation ◽  
Land Rent

In the article conceptual and practical questions of natural rent are examined. Special attention is paid to the principles and mechanism of its forming and distribution in a market economy. Land rent is analyzed in more details. Methodical approaches and means of government regulation of rent mechanism, provision of equal economic terms and stimuli of effective production to producers are offered.

scholarly journals Application of geotechnical synthetic materials in Sponge city construction

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Jibin Lu
Keyword(s):  
Environmental Protection ◽  
Market Economy ◽  
Control Mechanism ◽  
Development Trend ◽  
Market Development ◽  
Basic Principles ◽  
Sponge City ◽  
Synthetic Materials ◽  
City Construction ◽  
Basic Level

Abstract: Along with the overall progress and development of market economy, Sponge City has received extensive attention, in order to establish a more compatible with the market development trend and environmental protection requirements of the control mechanism, it is necessary to scientifically plan synthetic materials, to a certain extent, to maintain the basic level of sponge city supervision work. In this paper, the research background of Geosynthetics applied in Sponge City construction is briefly analyzed, and the basic principles and specific application paths are discussed, which are for reference only. 

Sign in / Sign up

Export Citation Format

Share Document