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The determinants of farm investment and residential construction in post-reform China, Volume 1
 
Author:Feder, Gershon; Lau, Lawrence J.; Lin, Justin; Luo Xiaopeng; Country:China;
Date Stored:1990/08/01Document Date:1990/08/31
Document Type:Policy Research Working PaperSubTopics:Environmental Economics & Policies; International Terrorism & Counterterrorism; Economic Theory & Research; Banks & Banking Reform; Agricultural Knowledge and Information Systems
Language:EnglishMajor Sector:Agriculture, fishing, and forestry
Region:East Asia and PacificReport Number:WPS471
Sub Sectors:Other AgricultureCollection Title:Policy, Research, and External Affairs working paper ; no. WPS 471
Volume No:1  

Summary: The objective of this paper is to clarify, on the basis of detailed farm level data derived from recent surveys, the importance of factors related to tenure security, farm size and credit availability in constraining farmers' agricultural investment. In particular, a direct measure of farmers' perceptions regarding tenure security will be utilized, as well as information on transactions in the credit market. The next section provides a description of the study areas. It is followed by a discussion of factors affecting farm investment and a description of investment patterns in the study areas. A formal model of farmers' consumption and investment decisions, and an econometric analysis are then presented and results are interpreted. The last section summarizes the paper.

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