The Private Sector in Public Office: Selective Property Rights in China (Paperback) (ISBN-13: 9781108705530)

This book addresses the long-standing puzzle of how China's private sector manages to grow without secure property rights, and proposes a new theory of selective property rights to explain this phenomenon. Drawing on rich empirical evidence including in-depth interviews, a unique national survey of private entrepreneurs, two original national audit experiments and secondary sources, Professor Yue Hou shows that private entrepreneurs in China actively seek opportunities within formal institutions to advance their business interests. By securing seats in the local legislatures, entrepreneurs use their political capital to deter local officials from demanding bribes, ad hoc taxes, and other types of informal payments. In doing so they create a system of selective, individualized, and predictable property rights. This system of selective property rights is key to understanding the private sector growth in the absence of the rule of law.

Author: Yue Hou
ISBN-10: 1108705537
ISBN-13: 9781108705530
Publisher: Cambridge University Press
Language: English
Published: 09/05/2019
Pages: 204
Format: Paperback
Weight: 0.69lbs
Size: 6.00h x 0.50w x 9.00d

Review Citation(s):
Choice 04/01/2020