The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China
Even though it is widely recognized that giving farmers more secure land rights may increase agricultural investment, scholars contend that, in the case of China, such a policy might undermine the function of land as a social safety net and, as a c...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2002/11/2079748/impact-property-rights-households-investment-risk-coping-policy-preferences-evidence-china http://hdl.handle.net/10986/19203 |
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okr-10986-192032021-04-23T14:03:43Z The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China Deininger, Klaus Jin, Songqing AGRICULTURAL LAND AGRICULTURAL PRODUCTION ARABLE LAND DISTRIBUTION OF INCOME ECONOMETRIC ESTIMATES ECONOMETRIC EVIDENCE ECONOMIC DEVELOPMENT ECONOMIC IMPACT EMPLOYMENT HOUSEHOLDS HOUSING HUMAN DEVELOPMENT INCOME INCOME LEVELS INSURANCE LAND TENURE LAND USE LAWS LEGAL PROVISIONS LOCAL ENTERPRISES MARKET MECHANISM MIGRATION NATURAL RESOURCES POINTS POLICY MAKERS POPULATION GROWTH PRODUCERS PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS QUOTAS SAFETY NETS SECURE PROPERTY RIGHTS PROPERTY RIGHTS HOUSEHOLD MANAGEMENT INVESTMENT ENVIRONMENT RISK TAKING POLICY GUIDELINES LAND RIGHTS AGRICULTURAL INVESTMENTS SOCIAL SAFETY NETS LAND TRANSFERS EXOGENOUS VARIABLES INSURANCE VALUES PROPERTY RIGHTS Even though it is widely recognized that giving farmers more secure land rights may increase agricultural investment, scholars contend that, in the case of China, such a policy might undermine the function of land as a social safety net and, as a consequence, not be sustainable or command broad support. Data from three provinces, one of which had adopted a policy to increase security of tenure in advance of the others, suggest that greater tenure security, especially if combined with transferability of land, had a positive impact on agricultural investment and, within the time frame considered, led neither to an increase in inequality of land distribution nor a reduction in households' ability to cope with exogenous shocks. Household support for more secure property rights is increased by their access to other insurance mechanisms, suggesting some role of land as a safety net. At the same time, past exposure to this type of land right has a much larger impact quantitatively, suggesting that a large part of the resistance to changed property rights arrangements disappears as household familiarity with such rights increases. 2014-08-01T18:27:23Z 2014-08-01T18:27:23Z 2002-11 http://documents.worldbank.org/curated/en/2002/11/2079748/impact-property-rights-households-investment-risk-coping-policy-preferences-evidence-china http://hdl.handle.net/10986/19203 English en_US Policy Research Working Paper;No. 2931 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURAL LAND AGRICULTURAL PRODUCTION ARABLE LAND DISTRIBUTION OF INCOME ECONOMETRIC ESTIMATES ECONOMETRIC EVIDENCE ECONOMIC DEVELOPMENT ECONOMIC IMPACT EMPLOYMENT HOUSEHOLDS HOUSING HUMAN DEVELOPMENT INCOME INCOME LEVELS INSURANCE LAND TENURE LAND USE LAWS LEGAL PROVISIONS LOCAL ENTERPRISES MARKET MECHANISM MIGRATION NATURAL RESOURCES POINTS POLICY MAKERS POPULATION GROWTH PRODUCERS PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS QUOTAS SAFETY NETS SECURE PROPERTY RIGHTS PROPERTY RIGHTS HOUSEHOLD MANAGEMENT INVESTMENT ENVIRONMENT RISK TAKING POLICY GUIDELINES LAND RIGHTS AGRICULTURAL INVESTMENTS SOCIAL SAFETY NETS LAND TRANSFERS EXOGENOUS VARIABLES INSURANCE VALUES PROPERTY RIGHTS |
| spellingShingle |
AGRICULTURAL LAND AGRICULTURAL PRODUCTION ARABLE LAND DISTRIBUTION OF INCOME ECONOMETRIC ESTIMATES ECONOMETRIC EVIDENCE ECONOMIC DEVELOPMENT ECONOMIC IMPACT EMPLOYMENT HOUSEHOLDS HOUSING HUMAN DEVELOPMENT INCOME INCOME LEVELS INSURANCE LAND TENURE LAND USE LAWS LEGAL PROVISIONS LOCAL ENTERPRISES MARKET MECHANISM MIGRATION NATURAL RESOURCES POINTS POLICY MAKERS POPULATION GROWTH PRODUCERS PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS QUOTAS SAFETY NETS SECURE PROPERTY RIGHTS PROPERTY RIGHTS HOUSEHOLD MANAGEMENT INVESTMENT ENVIRONMENT RISK TAKING POLICY GUIDELINES LAND RIGHTS AGRICULTURAL INVESTMENTS SOCIAL SAFETY NETS LAND TRANSFERS EXOGENOUS VARIABLES INSURANCE VALUES PROPERTY RIGHTS Deininger, Klaus Jin, Songqing The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 2931 |
| description |
Even though it is widely recognized that
giving farmers more secure land rights may increase
agricultural investment, scholars contend that, in the case
of China, such a policy might undermine the function of land
as a social safety net and, as a consequence, not be
sustainable or command broad support. Data from three
provinces, one of which had adopted a policy to increase
security of tenure in advance of the others, suggest that
greater tenure security, especially if combined with
transferability of land, had a positive impact on
agricultural investment and, within the time frame
considered, led neither to an increase in inequality of land
distribution nor a reduction in households' ability to
cope with exogenous shocks. Household support for more
secure property rights is increased by their access to other
insurance mechanisms, suggesting some role of land as a
safety net. At the same time, past exposure to this type of
land right has a much larger impact quantitatively,
suggesting that a large part of the resistance to changed
property rights arrangements disappears as household
familiarity with such rights increases. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Deininger, Klaus Jin, Songqing |
| author_facet |
Deininger, Klaus Jin, Songqing |
| author_sort |
Deininger, Klaus |
| title |
The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China |
| title_short |
The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China |
| title_full |
The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China |
| title_fullStr |
The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China |
| title_full_unstemmed |
The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences : Evidence from China |
| title_sort |
impact of property rights on households' investment, risk coping, and policy preferences : evidence from china |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2002/11/2079748/impact-property-rights-households-investment-risk-coping-policy-preferences-evidence-china http://hdl.handle.net/10986/19203 |
| _version_ |
1764439745736212480 |