Designing Property Rights over Land in Rural China

Yuk Shing CHENG, Kim Sau CHUNG*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

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
DOIs
Publication statusPublished - Nov 2018

Scopus Subject Areas

  • Economics and Econometrics

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