Property Rights, Land Misallocation, and Agricultural Efficiency in China

• 成果类型: Article
• 署名作者: Chari, Amalavoyal; Liu, Elaine M.; Wang, Shing-Yi; Wang, Yongxiang
• 署名单位: University of Sussex; University of Houston System; University of Houston; National Bureau of Economic Research; University of Pennsylvania; Shanghai Jiao Tong University; The Chinese University of Hong Kong, Shenzhen
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdaa072
• 发表日期: 2021
• 页码: 1831-1862
• 关键词: aggregate productivity; ECONOMIC-GROWTH; DYNAMICS; REFORM

摘要

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.