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Theoretical Explorations on Adaptive Efficiency

Author: WangZuoZuo
Tutor: ZhouBing
School: Zhejiang University of Finance
Course: Western Economics
Keywords: Adaptive efficiency Institutional structures Institutional Change Adaptation Key participants
CLC: F091.349
Type: Master's thesis
Year: 2011
Downloads: 90
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Abstract

Study and explore the extensive literature on the efficiency or performance of the system, since the system and its role has been the concern of many economists, the study of natural large-scale institutional change in China and Russia are also included. China and Russia, respectively, to take a different path of reform, and thus produce a different performance of the reform, the system they are using different efficiency, how to evaluate the efficiency of the system in the process of long-term institutional change is crucial, it can Let us to a deeper understanding of the process of institutional change, or that our insight into the general laws of institutional change, and then made the success of institutional change. Since Northrop pioneered the theory of adaptive efficiency, the focus of their research is focused on understanding the concept of adaptive efficiency, and related factors. The theory of institutional change can bring long-term economic performance characteristics of the institutional structure - the importance of adaptive efficiency is lack of knowledge accordingly investigate deficiencies. Northrop research is concentrated in just these two, but the results of his study of adaptive efficiency step closer to providing a theoretical basis, and motivate us more depth in the extension of the theory of adaptive efficiency level thinking. Thinking and theoretical extension of the concept of \Although scholars the concept of adaptive efficiency is explained, but there are still some doubts, there be a more in-depth interpretation necessary; reveal the the adaptive dynamic adjustments of the system of internal structure adaptive system defined and description of the theory of adaptive efficiency concrete, actionable, the direction of an effort to find the structural change of the national systems. This is the goal of this study. Based on the domestic and foreign scholars about the the adaptability efficiency research literature is reviewed and standard evaluation system efficiency analysis, certainly adaptive efficiency evaluation criteria for system efficiency in the process of long-term institutional change. In this paper, implement the assumptions of bounded rationality, and Northrop's theory of \strategy for adaptive analysis and evaluation, which give advice on how to get the adaptive efficiency. This study the following conclusions: First, the Although domestic scholars Northrop summarized on the basis of the concept of adaptive efficiency adaptive efficiency, summarized as follows: a society, the institutional structure in response to the uncertainty of the process by constantly guide changing individual modes of action to promote the knowledge of the full, correct, coordinating the use and update, so that the economy has shown signs of long-term growth trend. However, the paper points out, there is no necessary link between individual actions and overall institutional change. Between the two, between the micro and macro, there is a link - \By introducing this factor, and comprehensive classification will ultimately concept of adaptive efficiency correction: the key to the formation of the structure of the system in response to updated by the reality of the impact of individual knowledge, coordinating the use and development of participation requirements, a certain degree of adaptation, so that the economy can present long-term growth trend. Then, this paper first discusses the composition of the system of internal structures, including the element system and derived system, the institutional chain and institutional function module, the system of nuclear and institutional character. Although scholars have analyzed the structure of the system of internal adjustment situation, but their analysis is not comprehensive. Adaptive dynamic adjustment of the system internal structure of a comprehensive analysis, including institutional chain adaptation adaptation adaptation system chain, meta-system, and further listed from three angles of the economic, political, social judgment indicators of institutional adaptation level of adaptability of the institutional structure and function of the adaptive level expression in the form of charts and formulas. This according to the adaptive level is divided into five levels: fully adapt to better adapt to, and can still adapt, can not fully meet the failure to adapt. Finally, two reform strategies of institutional change, namely progressive smooth-reform and radical mutation reform, comprehensive discussion from the the adaptive angle of both conclude that: adaptive efficiency system should follow the general rules of the change process - whether taken to reform the reform strategy, the ultimate goal is to maintain high adaptability of the system structure. At the end of the article describes the characteristics of the institutional structure of adaptive efficiency as well as give the thinking on how adaptive efficiency.

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