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为什么是以乡镇企业为代表的集体所有制经济,而不是私有或与国有经济在过去20年中成为中国经济迅速增长的主要贡献因素?在转型经济中,大规模的民营化应该在什么样的时机与条件下实施?本文提供了一个在市场与政府制度环境不完善情况下(特别是转型经济中)决定最优所有权安排的理论模型。这一理论对预测如何从指令性经济向市场经济转型的发生过程提供了一种思路。文中论证了不同的经济制度环境将会给出不同的最优所有权安排(民有、集体或国家所有权安排)。文章表明只有当经济制度环境得到适当改变才能有效地变换产权所有制安排形式。
Why is a collective-owned economy represented by township and village enterprises rather than a private or state-owned economy becoming the major contributor to China’s rapid economic growth in the past 20 years? In a transitional economy, what should be the timing for large-scale privatization? And conditions? This article provides a theoretical model for determining optimal ownership arrangements in an imperfect market and government environment (especially in a transitional economy). This theory provides a way of thinking about how to predict the transition from an orderly economy to a market economy. The paper argues that different economic institutional environments will give different optimal ownership arrangements (private, collective or national ownership arrangements). The article shows that only when the economic system environment is properly changed in order to effectively change the form of property ownership arrangements.