Research On The Development Patterns Of China's Non-State-Owned Economy: A Perspective Of Institutional Theory

Non-state-owned economy has been born and growing with China's traits when the reform of the state-owned economy has been stuck in dilemmas during the course of China's economic development and social change. Furthermore, the economic phenomena that the varieties of the development patterns of non-state-owned economy have come into being draw much attention among economists who have been do a lot of study on non-state-owned economy and its development patterns. Unfortunately, the ideas and theories economists and researchers have come up with are restricted in the factors analysis on how some one development pattern goes by vertical analysis. Even though the differences among the development patterns of non-state-owned economy have been found by horizontal comparison, there are less general theories from more macro-vision. As a result, it is not possible to prophesy the future tendency of China's non-state-owned economy and its development patterns.Having reviewed the existed theories of institutional change, found out and remedied their deficiencies, this paper has deducted the theory of institutional diversification and institutional convergence. And then, based on the theory of institutional diversification and institutional convergence, the paper, with the combination of pattern analysis and institutional analysis, re-explains how the development patterns of China's non-state-owned economy turns up, develops and evolves, and also, daringly prophesies what the future possible development pattern looks like and what enlightenments we probably obtain. At the next of the preface which demonstrates the meanings and methods of this research on the development pattern of non-state-owned economy, and what new ideas or new findings would be concluded, the paper consists of five following sections:I . The review of the development patterns of China's non-stated-owned economyThis section aims at the introduction of the conception of non-state-owned economy, and at the review of the development patterns of China's non-stated-owned economy. Because no one convincing definition of "non-state-owned economy" can be accepted in economic field, many experts and scholars draw the definition according to their research objective, as a result, the reasons and tendencies of the development patterns of non-state-owned economy are different from one and another, In light of other understanding of "non-state-owned economy", this paper gives the following definition: "non-state-owned economy" is the general name of the all the ownerships and operation types except state-owned-and-operating economy in order for the next smooth study. Having reviewed the research findings and results,the paper finds that most of research only studies some one the development pattern and its forming factors. Therefore, the paper indicates that these findings and results can not discover the entire situation of development patterns of non-state-owned economy, and they are lack of systematic analysis about the connection between the development and institutional arrangement so as not to grasp the future and internal laws of the development patterns of non-state-owned economy. Therefore, the paper tries to combine the pattern analysis and institutional analysis to find out the connection between the development pattern and institutional arrangement. The development pattern will be in the research scope of the paper reasonably.II .The pattern analysis and the theoretical foundation of the development patterns of China's non-state-owned economyThis section gives an introduction of the theories of institutional change and the theories of institutional diversification. The ways of institutional change differ from each other. According to the different standard, the institutional changes can be classified differently. By the standard of the speed of institutional change, there are the gradational institutional change and the big-bang institutional change; by the standard of main player of institutional change, there are the induced institutional change and compulsory institutional change; by the standard of the scale of institutional change, there are the partial institutional change and the entire institutional change. Those institutional changes are coming up together during the course of the development patterns of non-state-owned economy. For the better explanation of the diversification of the development patterns of non-state-owned economy, the paper introduces the main-stream points concerning with institutional diversification and makes the game analysis and factor analysis on the principles of institutional diversification in light of the theories of institutional change. Furthermore, the paper believes that institutional diversification is one historical period of institutional change, which will go forward at one more efficient institution, In the end of this section, the paper states the reasons and conditions of institutional convergence and concludes the theoretical hypnosis of institutional convergence.III .The institutional diversification analysis of China's development patterns of non-state-owned economySection Three indicates that the affecting factors can be concluded at three levels: the level of the macro-policy choosing of central government, the level of the strategy choosing of local governments and the development pattern choosing of micro economic players, at the level of which this section explains the external reasons and internal mechanism why and how the development patterns of non-state-owned economy evolves. The paper stresses that the change of macro-policy choose of the central government leads to the alter of the initial conditions of the development patterns of China's non-state-owned economy, which simultaneously influences the strategy of local governments who are chasing the achievements in post according to their own ideologic preference. Consequently, the micro-market players endlessly try institutional innovation in order to the potential profit in light of the external environment and self-culture. Finally, the varieties of the development patterns of non-state-owned economy come into being, which will be analyzed by the institutional diversification. IV .The institutional convergence analysis of China's development patterns of non-state-owned economyWith the comments and observations the evolving tendency of three typical development patterns of non-state-owned economy, the paper finds that those development patterns is inclined to institutional convergence such as modern enterprise institutions and industrial agglomeration. This section tries to explain the phenomena by the theory of institutional convergence. The paper figures out that with the changing of restrictions, the original institutional structure would bring out some new institutional features, In the institutional market, the one that passes through the survival test during the course of institutional competition will be the most efficient institution, which means only one institution may exist, in other words, the institutional convergence comes up at the time. Generally speaking, the market competition, the increasing imitating ability and more perfect market-economy system will result in the convergence of the development patterns of China's non-state-owned economy.V. The expectations and enlightenments of China's development patterns of non-state-owned economyIn this section, with the linking of the findings concluded from the theoretical deduction and demonstration test, some simple comments about three typical development patterns of non-state-owned economy are made. This paper holds, through more than 20 years, that Sunan Pattern, Wenzhou Pattern and Zhujiang Tri-angle Pattern, with the using of their own specialties, have played a leading role in the economic development of their own areas. Generally speaking, under the background of institutional change, the development pattern is an evolving conception, which can be learned but not copied. The powerful development pattern exists in the People, who can create everything.To sum up, through the research and analysis on China's development pattern of non-state-owned economy, a few conclusions can be drawn: i .The development pattern concentratively expresses the connotation of the institution; ii .Institutional diversification is the necessary historical stage during the course of institutional change; iii.Institutional convergence is the future development direction of the institutional change; iv .Institutional diversification results in varieties of the development patterns of non-state-owned economy; v .Institutional convergence is the future trend of the development patterns of non-state-owned economy.