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篇目详细内容 |
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【篇名】 |
Optimal withdrawing path of state-owned capital in economic transition A dynamic model |
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【刊名】 |
Frontiers of Economics in China |
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【刊名缩写】 |
Front. Econ. China |
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【ISSN】 |
1673-3444 |
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【EISSN】 |
1673-3568 |
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【DOI】 |
10.1007/s11459-008-0003-y |
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【出版社】 |
Higher Education Press and Springer-Verlag |
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【出版年】 |
2008 |
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【卷期】 |
3
卷1期 |
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【页码】 |
38-50
页,共
13
页 |
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【作者】 |
XIE Ming;
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【关键词】 |
ratio of state-owned capital; economic transition; optimal path |
【摘要】 |
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This paper presents a dynamic model based on the utility maximum decisions of both the government and private sectors to study the optimal withdrawing path of state-owned capital in economic transition. Numerical simulation shows that: (1) an optimal transition path still exists when treating government and private sectors separately, (2) when the transition cost is higher than its critical value, the economy will never start a transition by itself. In addition, this analysis offers theoretical supports for some reform policies adopted by governments during transition. |
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