Property rights, land misallocation, and agricultural efficiency in China: Property Rights, Land Misallocation, and Agricultural Efficiency in China (The Review of Economic Studies (2021) 88:4 (1831-1862) DOI: 10.1093/restud/rdaa072)

Amalavoyal Chari; Elaine M. Liu; Shing-Yi Wang; Yongxiang Wang

doi:10.1093/restud/rdaa072

Property rights, land misallocation, and agricultural efficiency in China: Property Rights, Land Misallocation, and Agricultural Efficiency in China (The Review of Economic Studies (2021) 88:4 (1831-1862) DOI: 10.1093/restud/rdaa072)

Amalavoyal Chari, Elaine M. Liu, Shing-Yi Wang^*, Yongxiang Wang

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

214 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	1831-1862
Number of pages	32
Journal	Review of Economic Studies
Volume	88
Issue number	4
DOIs	https://doi.org/10.1093/restud/rdaa072
Publication status	Published - Jul 2021
Externally published	Yes

Bibliographical note

A correction has been published: The Review of Economic Studies, rdab067, https://doi.org/10.1093/restud/rdab067

Keywords

Land misallocation
Property rights
Agricultural efficiency
China

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Chari, A., Liu, E. M., Wang, S.-Y., & Wang, Y. (2021). Property rights, land misallocation, and agricultural efficiency in China: Property Rights, Land Misallocation, and Agricultural Efficiency in China (The Review of Economic Studies (2021) 88:4 (1831-1862) DOI: 10.1093/restud/rdaa072). Review of Economic Studies, 88(4), 1831-1862. https://doi.org/10.1093/restud/rdaa072

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title = "Property rights, land misallocation, and agricultural efficiency in China: Property Rights, Land Misallocation, and Agricultural Efficiency in China (The Review of Economic Studies (2021) 88:4 (1831-1862) DOI: 10.1093/restud/rdaa072)",

abstract = "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.",

keywords = "Land misallocation, Property rights, Agricultural efficiency, China",

author = "Amalavoyal Chari and Liu, \{Elaine M.\} and Shing-Yi Wang and Yongxiang Wang",

note = "A correction has been published: The Review of Economic Studies, rdab067, https://doi.org/10.1093/restud/rdab067",

year = "2021",

month = jul,

doi = "10.1093/restud/rdaa072",

language = "English",

volume = "88",

pages = "1831--1862",

journal = "Review of Economic Studies",

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Chari, A, Liu, EM, Wang, S-Y & Wang, Y 2021, 'Property rights, land misallocation, and agricultural efficiency in China: Property Rights, Land Misallocation, and Agricultural Efficiency in China (The Review of Economic Studies (2021) 88:4 (1831-1862) DOI: 10.1093/restud/rdaa072)', Review of Economic Studies, vol. 88, no. 4, pp. 1831-1862. https://doi.org/10.1093/restud/rdaa072

Property rights, land misallocation, and agricultural efficiency in China: Property Rights, Land Misallocation, and Agricultural Efficiency in China (The Review of Economic Studies (2021) 88:4 (1831-1862) DOI: 10.1093/restud/rdaa072). / Chari, Amalavoyal; Liu, Elaine M.; Wang, Shing-Yi et al.
In: Review of Economic Studies, Vol. 88, No. 4, 07.2021, p. 1831-1862.

Research output: Contribution to journal › Article › peer-review

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AU - Wang, Shing-Yi

AU - Wang, Yongxiang

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KW - Land misallocation

KW - Property rights

KW - Agricultural efficiency

KW - China

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Property rights, land misallocation, and agricultural efficiency in China: Property Rights, Land Misallocation, and Agricultural Efficiency in China (The Review of Economic Studies (2021) 88:4 (1831-1862) DOI: 10.1093/restud/rdaa072)

Abstract

Bibliographical note

Keywords

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