Property Rights, Land Misallocation, and Agricultural Efficiency in China

作者：A.V. Chari, Elaine M. Liu, Shing-Yi Wang, Yong‐Xiang Wang · 发表于：The Review of Economic Studies · 年份：2020 · DOI：10.1093/restud/rdaa072 · 被引用次数：320 · 研究领域：Land Rights and Reforms、Agriculture, Land Use, Rural Development、China's Socioeconomic Reforms and Governance

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.