Land rental markets in the process of rural structural transformation: Productivity and equity impacts from China
Although the importance of land rental for overall economic development and development of the non-agricultural economy has long been recognized in theory, empirical evidence on factors that can promote or impede operation of such markets and their productivity and equity impacts, especially in rapi...
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| Veröffentlicht in: | Journal of Comparative Economics 2009-12, Vol.37 (4), p.629-646 |
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| container_title | Journal of Comparative Economics |
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| creator | Jin, Songqing Deininger, Klaus |
| description | Although the importance of land rental for overall economic development and development of the non-agricultural economy has long been recognized in theory, empirical evidence on factors that can promote or impede operation of such markets and their productivity and equity impacts, especially in rapidly developing economies with rather equal land endowments, remains limited. A large household level panel is used to illustrate the large contribution of land markets to occupational diversification, productivity of land use, and household welfare. Factors affecting land market participation are derived from a household model with transaction cost and individual ability. Results suggest that, by transferring land from less able and more affluent households who joined the non-farm sector to poorer ones with ample family labor, land markets are critical not only for non-agricultural growth but, by allowing more effective use of potentially idle land can contribute to significant productivity gains. Policy implications are derived. |
| doi_str_mv | 10.1016/j.jce.2009.04.005 |
| format | Article |
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A large household level panel is used to illustrate the large contribution of land markets to occupational diversification, productivity of land use, and household welfare. Factors affecting land market participation are derived from a household model with transaction cost and individual ability. Results suggest that, by transferring land from less able and more affluent households who joined the non-farm sector to poorer ones with ample family labor, land markets are critical not only for non-agricultural growth but, by allowing more effective use of potentially idle land can contribute to significant productivity gains. 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A large household level panel is used to illustrate the large contribution of land markets to occupational diversification, productivity of land use, and household welfare. Factors affecting land market participation are derived from a household model with transaction cost and individual ability. Results suggest that, by transferring land from less able and more affluent households who joined the non-farm sector to poorer ones with ample family labor, land markets are critical not only for non-agricultural growth but, by allowing more effective use of potentially idle land can contribute to significant productivity gains. 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| identifier | ISSN: 0147-5967 |
| ispartof | Journal of Comparative Economics, 2009-12, Vol.37 (4), p.629-646 |
| issn | 0147-5967 1095-7227 |
| language | eng |
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| subjects | Agriculture and Environment Q150 China Economic Development: Agriculture Energy Environment Equity Households Human Capital Industry Studies Irrigation Labor Productivity J240 Land economics Land market Land Ownership and Tenure Land Reform Land rental Land rental China Rural structure Productivity Equity Land Use Market analysis Natural Resources Occupational Choice Other Primary Products O130 Population P230 Productivity Rural areas Rural development Rural structure Skills Socialist Systems and Transitional Economies: Factor and Product Markets Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Welfare |
| title | Land rental markets in the process of rural structural transformation: Productivity and equity impacts from China |
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