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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2008, Vol. 3 Issue (1) : 38-50    https://doi.org/10.1007/s11459-008-0003-y
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Optimal withdrawing path of state-owned capital in economic transition A dynamic model
XIE Ming
School of Economics, Fudan University, Shanghai 200100, China
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Abstract This paper presents a dynamic model based on the utility maximum decisions of both the government and private sectors to study the optimal withdrawing path of state-owned capital in economic transition. Numerical simulation shows that: (1) an optimal transition path still exists when treating government and private sectors separately, (2) when the transition cost is higher than its critical value, the economy will never start a transition by itself. In addition, this analysis offers theoretical supports for some reform policies adopted by governments during transition.
Issue Date: 05 March 2008
 Cite this article:   
XIE Ming. Optimal withdrawing path of state-owned capital in economic transition A dynamic model[J]. Front. Econ. China, 2008, 3(1): 38-50.
 URL:  
http://academic.hep.com.cn/fec/EN/10.1007/s11459-008-0003-y
http://academic.hep.com.cn/fec/EN/Y2008/V3/I1/38
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