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Land rental markets as an alternative to government reallocation? equity and efficiency considerations in the Chinese land tenure system, Volume 1
 
Author:Deininger, Klaus; Songqing Jin; Collection Title:Policy, Research working paper ; no. WPS 2930
Country:China; Date Stored:2003/06/14
Document Date:2002/11/30Document Type:Policy Research Working Paper
SubTopics:Environmental Economics & Policies; Agribusiness & Markets; Banks & Banking Reform; Municipal Housing and Land; Agricultural Knowledge and Information Systems; Rural Land Policies for Poverty ReductionLanguage:English
Region:East Asia and PacificReport Number:WPS2930
Sub Sectors:Agro-industry, marketing, and tradeVolume No:1

Summary: The authors develop a model of land leasing with agents characterized by unobserved heterogeneity in ability and presence of an off-farm labor market. In this case, decentralized land rental may contribute to equity and efficiency goals and may have several advantages over administrative reallocation. The extent to which this is true empirically is explored using data from three of China's poorest provinces. The authors find that both processes redistribute land to those with lower endowments but that land rental markets are more effective in doing so and also have a larger productivity-enhancing effect than administrative reallocation, implying that more active land rental markets would allow producers to realize significant productivity gains. At the same time, the presence of a large number of producers whose participation in rental markets remains constrained suggests that efforts to reduce transaction costs in land rental markets would be warranted.

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