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Legal development, financial repression, and entrepreneurship in a marketizing economy.

Abstract:

The nature of entrepreneurship in a marketizing economy will be affected not only by personal and socioeconomic characteristics, but also by the extent of legal development and financial repression. Many developing countries have underdeveloped legal and credit systems that can impede self-employment. Since China is an economy characterized by legal and institutional imperfections as well as underdeveloped financial markets, its growing and important nonstate sector poses a puzzle. This artic...

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Publisher copy:
10.2753/CES1097-1475450402

Authors


Journal:
Chinese Economy
Volume:
45
Issue:
4
Publication date:
2012-01-01
DOI:
URN:
uuid:89ea8d41-0573-49e2-9393-faa441ec10ee
Local pid:
oai:economics.ouls.ox.ac.uk:15442
Language:
English

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