IDEAS home Printed from https://ideas.repec.org/a/taf/rgovxx/v6y2021i2p257-282.html
   My bibliography  Save this article

The China paradox: the endogenous relationship between law and economic growth

Author

Listed:
  • Linda Yueh

Abstract

An enduring paradox of China’s remarkable economic growth is the lack of a well-established legal system. By drawing on the credibility thesis, this paper proposes that legal and economic reforms give rise to, and reinforce, the other and the market is underpinned by evolving institutions that are shaped by the expectations of the actors in the economy. It is thus not the form of institutions but their function that is more important in assessing institutional performance. A comparative examination of the USA at a similar stage of legal-institutional development to China provides support for an evolutionary, endogenous process. This institutional analysis will focus on key issues of economic legislation, such as corporate law, patent law and securities. Analyzing the relationship as complementary processes can help explain the paradox of strong economic growth within an under-developed system of law with potential, critical implications for institutional development in other countries.

Suggested Citation

  • Linda Yueh, 2021. "The China paradox: the endogenous relationship between law and economic growth," Journal of Chinese Governance, Taylor & Francis Journals, vol. 6(2), pages 257-282, April.
    • Handle: RePEc:taf:rgovxx:v:6:y:2021:i:2:p:257-282
    DOI: 10.1080/23812346.2020.1785142
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23812346.2020.1785142
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/23812346.2020.1785142?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.

    More about this item

    Statistics

    Access and download statistics

    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:taf:rgovxx:v:6:y:2021:i:2:p:257-282. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rgov .

    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.