IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v127y2016i3d10.1007_s11205-015-1010-x.html
   My bibliography  Save this article

Managing Institutional Evolution to Increase the Likelihood of Success: Examples of Guidance from Chinese History

Author

Listed:
  • Chenchao Jiang

    (Beijing Forestry University)

  • Di Shang

    (Beijing Forestry University)

  • Shixiong Cao

    (Beijing Forestry University)

Abstract

Institutions are effective means by which human societies resolve conflicts over the use of scarce resources and maintain social stability. Institutions evolve as human knowledge improves or as the situation changes. To find suitable principles to guide institutional evolution, we reviewed examples of historical institutional evolution in China to seek guidance for the evolution of other modern institutions. We found that gradualism, win–win paths, stability, neutrality, and cultural diversity are key principles for successful institutional evolution. However, fear of the uncertainty associated with institutional change and changing external conditions will affect the results of institutional change. Designers of new or revised institutions should use publicity and education, combined with gradualism (pilot tests), and measures to ensure neutrality and political stability, to increase acceptance of institutional evolution. In both politics and economics, institutional change can be a long evolutionary process, and it’s necessary to balance the changes in political institutions with economic development throughout the process.

Suggested Citation

  • Chenchao Jiang & Di Shang & Shixiong Cao, 2016. "Managing Institutional Evolution to Increase the Likelihood of Success: Examples of Guidance from Chinese History," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(3), pages 1157-1167, July.
    • Handle: RePEc:spr:soinre:v:127:y:2016:i:3:d:10.1007_s11205-015-1010-x
    DOI: 10.1007/s11205-015-1010-x
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11205-015-1010-x
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11205-015-1010-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hasan, Iftekhar & Wachtel, Paul & Zhou, Mingming, 2009. "Institutional development, financial deepening and economic growth: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 33(1), pages 157-170, January.
    2. Bridgman, Benjamin, 2008. "Why are ethnically divided countries poor?," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 1-18, March.
    3. Wei-Wei Zhang, 2006. "Long-term outlook for China’s political reform," Asia Europe Journal, Springer, vol. 4(2), pages 151-175, June.
    4. Alchian, Armen A. & Demsetz, Harold, 1973. "The Property Right Paradigm," The Journal of Economic History, Cambridge University Press, vol. 33(1), pages 16-27, March.
    5. Cao, Shixiong, 2012. "Why China's approach to institutional change has begun to succeed," Economic Modelling, Elsevier, vol. 29(3), pages 679-683.
    6. Jerry L. Petr, 1986. "Comparative Analysis of Thresholds of Non-Revolutionary Institutional Change: China and the United States in the 1980s," Journal of Economic Issues, Taylor & Francis Journals, vol. 20(2), pages 561-569, June.
    7. Carsten Herrmann-Pillath, 2006. "Cultural Species and Institutional Change in China," Journal of Economic Issues, Taylor & Francis Journals, vol. 40(3), pages 539-574, September.
    8. László Árva & András Schlett, 2013. "The long march: the lessons of China's economic transition," Asia Europe Journal, Springer, vol. 11(1), pages 39-52, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cao, Shixiong, 2012. "Why China's approach to institutional change has begun to succeed," Economic Modelling, Elsevier, vol. 29(3), pages 679-683.
    2. Berger, Allen N. & Hasan, Iftekhar & Zhou, Mingming, 2010. "The effects of focus versus diversification on bank performance: Evidence from Chinese banks," Journal of Banking & Finance, Elsevier, vol. 34(7), pages 1417-1435, July.
    3. Araujo, Claudio & Bonjean, Catherine Araujo & Combes, Jean-Louis & Combes Motel, Pascale & Reis, Eustaquio J., 2009. "Property rights and deforestation in the Brazilian Amazon," Ecological Economics, Elsevier, vol. 68(8-9), pages 2461-2468, June.
    4. Ouyang, Yaofu & Li, Peng, 2018. "On the nexus of financial development, economic growth, and energy consumption in China: New perspective from a GMM panel VAR approach," Energy Economics, Elsevier, vol. 71(C), pages 238-252.
    5. Kim, Jongwook & Mahoney, Joseph T., 2008. "A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach," Working Papers 08-0108, University of Illinois at Urbana-Champaign, College of Business.
    6. Wang, Wei & Yang, Haoxi & Wang, Xi, 2023. "Financial development and wage income: Evidence from the global football market," Journal of Banking & Finance, Elsevier, vol. 149(C).
    7. Wu, Wenfeng & Firth, Michael & Rui, Oliver M., 2014. "Trust and the provision of trade credit," Journal of Banking & Finance, Elsevier, vol. 39(C), pages 146-159.
    8. Baumöhl, Eduard & Iwasaki, Ichiro & Kočenda, Evžen, 2019. "Institutions and determinants of firm survival in European emerging markets," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 431-453.
    9. Djimoudjiel, Djekonbe & Tchoffo Tameko, Gautier, 2019. "Land conflicts and land tenure effects on agriculture productivity in Chad," MPRA Paper 97696, University Library of Munich, Germany.
    10. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    11. Melle Marco C., 2014. "Eine europäische Bemessungsgrundlage für die Körperschaftsteuer? Konzeption und ordnungsökonomische Analyse / Conceptual design and constitutional economics analysis of a European tax base for corpora," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 65(1), pages 133-156, January.
    12. Stukach, Victor & Grishaev, Egor, 2008. "Агропродовольственный Рынок Региона: Классификация Институтов, Административные Барьеры, Трансакционные Издержки, Неэффективные Посредники [The region's agro-food market: the classification of inst," MPRA Paper 79290, University Library of Munich, Germany, revised Apr 2017.
    13. Flores Thomas Edward, 2014. "Vertical Inequality, Land Reform, and Insurgency in Colombia," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 20(1), pages 5-31, January.
    14. Jean-Baptiste Fleury & Alain Marciano, 2022. "Methodological Individualism and the Foundations of the "Law and Economics" movement," Post-Print hal-03820441, HAL.
    15. Sumbo, Dennis Kamaanaa, 2022. "Indigenes’ exclusion from neo-customary land: A perspective from changes in usufruct rights in Pramso, peri-urban Kumasi – Ghana," Land Use Policy, Elsevier, vol. 120(C).
    16. repec:mth:ijafr8:v:8:y:2018:i:3:p:29-38 is not listed on IDEAS
    17. Xiaoqiang Cheng & Hans Degryse, 2010. "The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China," Journal of Financial Services Research, Springer;Western Finance Association, vol. 37(2), pages 179-199, June.
    18. Mahmoud Arayssi & Ali Fakih & Nathir Haimoun, 2019. "Did the Arab Spring reduce MENA countries’ growth?," Applied Economics Letters, Taylor & Francis Journals, vol. 26(19), pages 1579-1585, November.
    19. Barnes, James N. & James, Harvey S., Jr. & Kalaitzandonakes, Nicholas G., 2004. "The Coase Theorem, or the Coasian Lens? An Application to GMO Regulation," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34640, Southern Agricultural Economics Association.
    20. MAREK HUDON & BENJAMIN HUYBRECHTS & Anaïs PÉRILLEUX & Marthe NYSSENS, 2017. "Understanding Cooperative Finance As A New Common," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 88(2), pages 155-177, June.
    21. Hasan, Iftekhar & Song, Liang & Wachtel, Paul, 2013. "Institutional development and stock price synchronicity: Evidence from China," BOFIT Discussion Papers 20/2013, Bank of Finland Institute for Emerging Economies (BOFIT).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:127:y:2016:i:3:d:10.1007_s11205-015-1010-x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.