landrentingdraft_restudrevision May 13 2020 Chari.pdf (1.04 MB)
Property rights, land misallocation and agricultural efficiency in China
journal contribution
posted on 2023-06-07, 07:06 authored by Amalavoyal ChariAmalavoyal Chari, Elaine M Liu, Shing-Yi Wang, Yongxiang WangThis 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.
History
Publication status
- Published
File Version
- Accepted version
Journal
Review of Economic StudiesISSN
0034-6527Publisher
Oxford University PressExternal DOI
Issue
4Volume
88Page range
1831-1862Department affiliated with
- Economics Publications
Full text available
- Yes
Peer reviewed?
- Yes