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Property Rights, Land Misallocation and Agricultural Efficiency in China / A.V. Chari, Elaine M. Liu, Shing-Yi Wang, Yongxiang Wang.
- Format:
- Book
- Author/Creator:
- Chari, A.V.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w24099.
- NBER working paper series no. w24099
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2017.
- Summary:
- This paper examines the impact of a property rights reform in rural China that allowed farmers to lease out their land. We find the reform led to increases in land rental activity in rural households. Consistent with a model of transaction costs in land markets, our results indicate that the formalization of leasing rights resulted in a redistribution of land toward more productive farmers. Consequently, the aggregate productivity of land increased significantly. We also find that the reform increased the responsiveness of land allocation across crops to changes in crop prices.
- Notes:
- Print version record
- December 2017.
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