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Costs of Plans vs Costs of Markets: Reforms in China's State-owned Forest Management.

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    • Abstract:
      Presents an empirical study of the role of institutions in China's state-owned forest management. Organization of a command economy and its difference from the market economy in terms of cost savings; Reforms effected by the Chinese government on its forestry sector; General performance of the country's state-owned enterprises; Insufficient investment in forestry.