Property rights, land misallocation and agricultural efficiency in China

Chari, Amalavoyal, Liu, Elaine M, Wang, Shing-Yi and Wang, Yongxiang (2021) Property rights, land misallocation and agricultural efficiency in China. Review of Economic Studies, 88 (4). pp. 1831-1862. ISSN 0034-6527

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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. 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.

Item Type: Article
Schools and Departments: University of Sussex Business School > Economics
SWORD Depositor: Mx Elements Account
Depositing User: Mx Elements Account
Date Deposited: 28 May 2020 07:34
Last Modified: 20 Jul 2021 15:31

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