DESIGNING PROPERTY RIGHTS OVER LAND IN RURAL CHINA

• 成果类型: Article
• 署名作者: Cheng, Yuk-Shing; Chung, Kim-Sau
• 署名单位: Hong Kong Baptist University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12552
• 发表日期: 2018
• 页码: 2676-2710
• 关键词: grain marketing system; Agricultural productivity; investment incentives; ownership security; tenure system; REFORM; EFFICIENCY; GROWTH; LABOR; CONSEQUENCES

摘要

After nearly four decades, China's rural land tenure arrangement remains by and large how it looked like at the beginning of the economic reform. Rural land remains collectively owned. Peasants contract land from collectives, with their tenure insecure, and their transfer rights restricted. If such an arrangement was deemed a historical legacy at the beginning of the reform, it now looks more and more like a constrained efficient design by historical accident. This article suggests the constraints against which this design may be constrained efficient, and provides a stylised model that matches a wide array of empirical patterns.