Economic and Poverty Impacts of Agricultural, Trade, and Factor Market Reforms in China

Capitalizing on the most recent estimates of agricultural price distortions in China and in other countries, this paper assesses the economic and poverty impact of global and domestic trade reform in China. It also examines the interplay between th...

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Bibliographic Details
Main Authors:	Zhai, Fan, Hertel, Thomas
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ABSOLUTE POVERTY ACCOUNTING ADVERSE IMPACTS AGRICULTURAL EMPLOYMENT AGRICULTURAL LAND AGRICULTURAL LIBERALIZATION AGRICULTURAL OUTPUT AGRICULTURAL POLICY AGRICULTURAL PRICE AGRICULTURAL PRICES AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL WAGES AGRICULTURE BASE YEAR BENCHMARK BENCHMARK DATA CAPITAL STOCKS COMMERCE COMMUNAL LAND CONSTANT RETURNS TO SCALE CONSUMER PRICES DEMAND CURVES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DISPOSABLE INCOME DRIVERS ECONOMIC DEVELOPMENT ECONOMIC EFFECT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC SYSTEMS ELASTICITY ELASTICITY OF SUBSTITUTION EQUIPMENT EXPENDITURE EXPORT MARKETS EXPORTER EXPORTERS EXPORTS FACTOR MARKETS FACTOR PRICES FARM ACTIVITIES FARM EMPLOYMENT FARM HOUSEHOLDS FARM SECTOR FARM WORK FARM WORKERS FARMERS FOOD CONSUMPTION FOOD IMPORTS FOOD PRICES FOOD PRODUCTS FOREIGN CURRENCY GDP GDP DEFLATOR GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODELS GINI COEFFICIENT GLOBAL POVERTY GLOBAL TRADE HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD WELFARE HOUSING SUBSIDIES INCOME INCOME DIFFERENTIAL INCOME DIFFERENTIALS INCOME DISTRIBUTION INCOME GAP INCOME GROWTH INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME TAX INDICATORS OF POVERTY INEQUALITY LABOR ALLOCATION LABOR FORCE LABOR MARKETS LABOR MIGRATION LABOR MOBILITY LABOR MOVEMENT LABOR SUPPLY LAND OWNERSHIP LAND REFORM LAND REFORMS MACROECONOMIC EFFECTS MARGINAL COST MARGINAL VALUE MARKET DISTORTION MARKET DISTORTIONS MARKET REFORM MARKET REFORMS MARKETIZATION MERCHANDISE MERCHANDISE TRADE MIGRANT LABOR MOBILITY OF LABOR MULTILATERAL TRADE NATIONAL POVERTY NUTRITION OPEN MARKET OPPORTUNITY COST OUTPUT LOSSES OUTPUTS PER CAPITA INCOME PERFECT COMPETITION POOR PORTFOLIO POVERTY ESTIMATES POVERTY HEADCOUNT RATE POVERTY IMPACT POVERTY INCIDENCE POVERTY INCREASE POVERTY LINE POVERTY REDUCTION POVERTY REDUCTION STRATEGIES PRICE DISTORTIONS PRICE INCREASES PRICE VARIATION PRODUCTIVITY PROPERTY RIGHTS REAL EXCHANGE RATE REAL GDP REAL INCOME REAL WAGES REGISTRATION SYSTEM RENTS RETURN RETURNS RURAL RURAL ACTIVITIES RURAL AREAS RURAL ECONOMY RURAL HOUSEHOLD RURAL HOUSEHOLDS RURAL INCOME RURAL INCOMES RURAL INEQUALITY RURAL LABOR RURAL LABOR MARKET RURAL MIGRANTS RURAL POLICY RURAL POOR RURAL POPULATION RURAL POVERTY RURAL POVERTY REDUCTION RURAL SECTOR RURAL WAGES RURAL WORKERS SAVINGS SPREAD STOCKS SUBSTITUTE SUPPLY ELASTICITY TARIFF REVENUE TAX TAX RATE TRADE BARRIERS TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS TRUST FUNDS UNEMPLOYMENT UNSKILLED LABOR UNSKILLED WORKERS URBAN EMPLOYMENT WAGE RATES WEALTH WTO
Online Access:	http://documents.worldbank.org/curated/en/522181468024845350/Economic-and-poverty-impacts-of-agricultural-trade-and-factor-market-reforms-in-China http://hdl.handle.net/10986/28156

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Summary:	Capitalizing on the most recent estimates of agricultural price distortions in China and in other countries, this paper assesses the economic and poverty impact of global and domestic trade reform in China. It also examines the interplay between the trade reforms and factor market reforms aimed at improving the allocation of labor within the Chinese economy. The results suggest that trade reforms in the rest of the world, land reform and hukou reform all serve to reduce poverty, while unilateral trade reforms result in a small poverty increase. Agricultural distortions are important factors in determining the distributional and poverty effects of trade reform packages, although their impacts on aggregate trade and welfare appear to be small. A comprehensive reform package which bundles the reforms in commodity and factor markets together may benefit all broad household groups in China.

Economic and Poverty Impacts of Agricultural, Trade, and Factor Market Reforms in China

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