Designing Property Rights over Land in Rural China

Yuk Shing Cheng, Kim Sau Chung*

*Corresponding author for this work

    Research output: Contribution to journalJournal articlepeer-review

    12 Citations (Scopus)
    66 Downloads (Pure)

    Abstract

    After nearly four decades, China's rural land tenure arrangement remains by and large how it looked like at the beginning of the economic reform. Rural land remains collectively owned. Peasants contract land from collectives, with their tenure insecure, and their transfer rights restricted. If such an arrangement was deemed a historical legacy at the beginning of the reform, it now looks more and more like a constrained efficient design by historical accident. This article suggests the constraints against which this design may be constrained efficient, and provides a stylised model that matches a wide array of empirical patterns.

    Original languageEnglish
    Pages (from-to)2676-2710
    Number of pages35
    JournalEconomic Journal
    Volume128
    Issue number615
    Early online date18 Dec 2017
    DOIs
    Publication statusPublished - Nov 2018

    Scopus Subject Areas

    • Economics and Econometrics

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