Template-Type: ReDIF-Paper 1.0 Author-Name: Krug, B. Author-Name-Last: Krug Author-Name-First: Barbara Author-Name: Hendrischke, H. Author-Name-Last: Hendrischke Author-Name-First: Hans Author-Person: phe72 Title: China Incorporated Abstract: The development of entrepreneurship and a private business sector in China pose various challenges to analysis. On the one hand, neo-classically based New Institutional Economics aims to find evidence that long-term investment and long-term commitment in and around firms can not be expected without deeply entrenched and state guaranteed private property rights. On the other hand, empirical studies within the China field concentrate on the political processes, in particular the interaction between the central state and local governments, at the danger of neglecting market forces, economic interests, and economic problems at stake. The empirical study on which the following is based took a different path by using a set of framing assumptions. Creation-Date: 2001-01-09 File-URL: https://repub.eur.nl/pub/142/erimrs20020109145115.pdf File-Format: application/pdf Series: RePEc:ems:eureri Number: ERS-2001-81-ORG Classification-JEL: L2, M, M10, P27, P51 Keywords: China, entrepreneurship, institutional economics, local governments, privatization Handle: RePEc:ems:eureri:142