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《China Industrial Economy》 2005-01
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Analysis on Distortion of Local Governments' Economic Behaviors in Economic Transition of China

LI Jun-jie(Graduate School CASS, Beijing 100102, China)  
This paper studied the distortion of the local governments' economic behaviors in economic transition of China. The author analyzed on the degree which the property rights system, the relationship of principal-agent between the central government and local governments, and the quasi-federal contest among local governments. The author concluded that the distortion of the local governments' economic behaviors in economic transition of China was the outcome of the gradualism of the China reformation. The weak property rights system to the local governments in economic transition induced the distortion of the local governments' economic behaviors, the absence of the monitor to the principal-agent between the central government and local governments by the micro-agents induced the distortion of agent behavior, and the quasi-federal contest among local governments enlarged the distortion of the local governments' behavior.
【CateGory Index】: F127
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