Reform Dividends and Economic Convenience

Jin Bei

Chinese Academy of Social Sciences, Beijing, China

Abstract:  Reform dividends refer to the improvements in certain economic actors under the new, reformed institutional system as compared against the original system. Reform leads to greater economic growth potential by changing the institutional environment, which in turn increases the vibrancy and innovation of economic actors. The most economically convenient system is also in actuality the most effective market economic system. Reform based on public and collective actions should be based on the following principle: if institutional reform is evolving towards the enhancement of economic convenience, then we can be sure that reform is embarking on the path of releasing dividends.

Keywords: reform dividends, economic convenience, regulatory management, public and collective actions

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