Property Rights, Land Misallocation, and Agricultural Efficiency in China

• Amalavoyal Chari ^[1] ; Elaine M Liu ^[2] ; Shing-Yi Wang ^[3] ; Yongxiang Wang ^[4]
  1. [1] University of Sussex

     University of Sussex

     Reino Unido

     
  2. [2] University of Houston and NBER
  3. [3] University of Pennsylvania and NBER
  4. [4] Shanghai Jiao Tong University and Chinese University of Hong Kong, Shenzhen

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• Localización: Review of economic studies, ISSN 0034-6527, Vol. 88, Nº 4, 2021, págs. 1831-1862
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Dialnet Métricas: 4 Citas
• Resumen

  • This article 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. Our results indicate that the formalization of leasing rights resulted in a redistribution of land toward more-productive farmers. Consequently, output and aggregate productivity increased by 8% and 10%, respectively. We also find that the reform increased the responsiveness of land allocation across crops to changes in crop prices.