Market Versus Administrative Reallocation of Agricultural Land in a Period of Rapid Industrialization

Market Versus Administrative Reallocation of Agricultural Land in a Period of Rapid Industrialization PDF Author: Michael R. Carter
Publisher: World Bank Publications
ISBN:
Category : Industrializacion - China
Languages : en
Pages : 42

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Book Description
Property rights in China are moving in two different directions. In some villages, private rights are secure and to some degree marketable; in other villages, individual rights are increasingly restricted and suject to more regulation and reallocation. Administrative reallocation tends to promote more equal access to land, but the price paid for the social insurance of land tenure may be forgone investment.

Market Versus Administrative Reallocation of Agricultural Land in a Period of Rapid Industrialization

Market Versus Administrative Reallocation of Agricultural Land in a Period of Rapid Industrialization PDF Author: Michael R. Carter
Publisher: World Bank Publications
ISBN:
Category : Industrializacion - China
Languages : en
Pages : 42

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Book Description
Property rights in China are moving in two different directions. In some villages, private rights are secure and to some degree marketable; in other villages, individual rights are increasingly restricted and suject to more regulation and reallocation. Administrative reallocation tends to promote more equal access to land, but the price paid for the social insurance of land tenure may be forgone investment.

Market Versus Administrative Reallocation of Agricultural Land in a Period of Rapid Industrialization

Market Versus Administrative Reallocation of Agricultural Land in a Period of Rapid Industrialization PDF Author: Yang Yao
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Book Description
Property rights in China are moving in two different directions. In some villages, private rights are secure and to some degree marketable; in other villages, individual rights are increasingly restricted and subject to more regulation and reallocation. Administrative reallocation tends to promote more equal access to land, but the price paid for the social insurance of land tenure may be forgone investment.Under communal farm production, there was little incentive to work hard: the communal system guaranteed a livelihood, and there were few private gains from additional efforts. The reform that introduced the household responsibility system in China in the early 1980s sharpened individual work incentives by assigning specific plots and the rights to residual income to individual households.However, the household responsibility system left unresolved questions about the reallocation of land over time - questions that have become increasingly important (for both efficiency and equity) with the rapid growth of the non-farm economy.The authors use household and village data to show that the initially egalitarian distribution of land is becoming more dispersed over time.In what has become a hybrid property rights system, in some areas local village leaders (the cadre) were empowered to periodically redistribute land between households on the basis of economic and demographic changes among households. In other villages, households were granted much greater immunity against redistribution of any sort.Similarly, villages differed in the degree to which individual households could trade land among themselves. Some villages did not regulate the practice, and other required village approval or prohibited land rental relationships.The authors use simulated maximum likelihood methods to estimate hybrid panel models of the determinants of both market-based and administrative reallocation of land. They also use them to estimate the insecurity-induced investment costs of market-based reallocation of land.They find that administrative reallocation responds to the increasing inequality but non-market reallocations come at a significant cost in forgone investment.This paper - a product of Rural Development, Development Research Group - is part of a larger effort in the group to study the determinants and impact of property rights systems and land tenure regimes in the process of development. The authors may be contacted at [email protected] or [email protected].

Asia and Pacific Bibliography

Asia and Pacific Bibliography PDF Author:
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 188

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Growth Forecasts Using Time Series and Growth Models

Growth Forecasts Using Time Series and Growth Models PDF Author: Aart Kraay
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 40

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Book Description
It is difficult to choose the "best" model for forecasting real per capita GDP for a particular country or group of countries. This study suggests potential gains from combining time series and growth-regression-based approaches to forecasting.

The Slippery Slope

The Slippery Slope PDF Author: Francisco H. G. Ferreira
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 78

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Book Description
During the turbulent years 1976-96, aggregate data for Brazil appear to show only small changes in mean income, inequality, and incidence of poverty -- suggesting little change in the distribution of income. But a small group of urban households -- excluded from formal labor markets and safety nets -- was trapped in indigence. Based on welfare measured in terms of income alone, the poorest part of urban Brazil has experienced two lost decades.

Human Development in the Era of Globalization

Human Development in the Era of Globalization PDF Author: J. K. Boyce
Publisher: Edward Elgar Publishing
ISBN: 1845429869
Category : Political Science
Languages : en
Pages : 403

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Book Description
This volume provides a very high quality set of papers on the relationship between globalization and human development. . . any one with interest in this wide ranging subject matter would find the volume an interesting and engaging read. Global Business Review Honoring Keith Griffin s more than 40 years of fundamental contributions to the discipline of economics, the papers in this volume reflect his deep commitment to advancing the well-being of the world s poor majority and his unflinching willingness to question conventional wisdom as to how this should be done. Four overarching themes recur in Keith Griffin s work and this book: the need to both eradicate poverty and redress inequalities in the distribution of wealth within and among nations; the impact of growth on inequality, and conversely inequality s impact on growth; the political economy of policy-making; and the need for openness to heterogeneity in both analytic tools and in policy recommendations. The volume begins with an introduction by the editors followed by a paper by Keith Griffin. In succeeding chapters the contributors explore strategies for reducing poverty and inequality, and provide perspectives on issues such as human development, the rural/urban divide in China, and biodiversity and sustainability. Students, researchers, policymakers and NGO analysts exploring issues in development economics, development studies, alternative economic systems, globalization, environmental sustainability, inequality and well-being will find this book of great interest.

A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area (AFTA)

A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area (AFTA) PDF Author: Emiko Fukase
Publisher:
ISBN:
Category : ASEAN
Languages : en
Pages : 72

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Book Description
The static economic benefits of Vietnam's accession to the ASEAN Free Trade Area (AFTA) are likely to be relatively small. The gains from increased access to ASEAN markets would be small, and they would be offset by the costs of trade diversion on the import side. But binding commitments on protection rates under the AFTA plan could provide an important stepping stone to more beneficial broader liberalization.

World Bank Policy Research Bulletin

World Bank Policy Research Bulletin PDF Author: World Bank
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 156

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Book Description


Three Essays on Risk, Saving and Migration in Low Income Economies

Three Essays on Risk, Saving and Migration in Low Income Economies PDF Author: Weiping Chen
Publisher:
ISBN:
Category :
Languages : en
Pages : 154

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Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization

Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization PDF Author: Yi Wen
Publisher: World Scientific
ISBN: 9814733741
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.