copyright unu wider 2006 both authors lally school of management rensselaer polytechnic institute ny usa 1 hasan rpi edu 2 zhoum this study has been prepared within s research on globalization finance and growth linked to the project financial sector development for poverty reduction gratefully acknowledges contributions programme by governments denmark royal ministry foreign affairs finland norway sweden swedish international cooperation agency sida united kingdom department issn 1810 2611 isbn 92 9190 863 0 internet version paper no 85 chinese experience iftekhar mingming zhou august abstract documents institutional developments china during past two decades when was successfully transformed from a rigid central planning economy dynamic market following its unique path we empirically examine relationship between economic in employing panel sample covering 31 provinces important transition period 1986 2002 our evidence suggests that
