Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China
Although the importance of land rental for overall economic development and development of the non-agricultural economy has long been recognized in theory, empirical evidence on factors that can promote or impede operation of such markets and their productivity and equity impacts, especially in rapi...
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| Format: | Journal Article |
| Language: | EN |
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2012
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| Online Access: | http://hdl.handle.net/10986/5889 |
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okr-10986-58892021-04-23T14:02:23Z Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China Jin, Songqing Deininger, Klaus Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Socialist Systems and Transitional Economies: Factor and Product Markets Industry Studies Population P230 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Land Ownership and Tenure Land Reform Land Use Irrigation Agriculture and Environment Q150 Although the importance of land rental for overall economic development and development of the non-agricultural economy has long been recognized in theory, empirical evidence on factors that can promote or impede operation of such markets and their productivity and equity impacts, especially in rapidly developing economies with rather equal land endowments, remains limited. A large household level panel is used to illustrate the large contribution of land markets to occupational diversification, productivity of land use, and household welfare. Factors affecting land market participation are derived from a household model with transaction cost and individual ability. Results suggest that, by transferring land from less able and more affluent households who joined the non-farm sector to poorer ones with ample family labor, land markets are critical not only for non-agricultural growth but, by allowing more effective use of potentially idle land can contribute to significant productivity gains. Policy implications are derived. 2012-03-30T07:35:02Z 2012-03-30T07:35:02Z 2009 Journal Article Journal of Comparative Economics 01475967 http://hdl.handle.net/10986/5889 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
EN |
| topic |
Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Socialist Systems and Transitional Economies: Factor and Product Markets Industry Studies Population P230 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Land Ownership and Tenure Land Reform Land Use Irrigation Agriculture and Environment Q150 |
| spellingShingle |
Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Socialist Systems and Transitional Economies: Factor and Product Markets Industry Studies Population P230 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Land Ownership and Tenure Land Reform Land Use Irrigation Agriculture and Environment Q150 Jin, Songqing Deininger, Klaus Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China |
| geographic_facet |
China |
| relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
| description |
Although the importance of land rental for overall economic development and development of the non-agricultural economy has long been recognized in theory, empirical evidence on factors that can promote or impede operation of such markets and their productivity and equity impacts, especially in rapidly developing economies with rather equal land endowments, remains limited. A large household level panel is used to illustrate the large contribution of land markets to occupational diversification, productivity of land use, and household welfare. Factors affecting land market participation are derived from a household model with transaction cost and individual ability. Results suggest that, by transferring land from less able and more affluent households who joined the non-farm sector to poorer ones with ample family labor, land markets are critical not only for non-agricultural growth but, by allowing more effective use of potentially idle land can contribute to significant productivity gains. Policy implications are derived. |
| format |
Journal Article |
| author |
Jin, Songqing Deininger, Klaus |
| author_facet |
Jin, Songqing Deininger, Klaus |
| author_sort |
Jin, Songqing |
| title |
Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China |
| title_short |
Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China |
| title_full |
Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China |
| title_fullStr |
Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China |
| title_full_unstemmed |
Land Rental Markets in the Process of Rural Structural Transformation: Productivity and Equity Impacts from China |
| title_sort |
land rental markets in the process of rural structural transformation: productivity and equity impacts from china |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/5889 |
| _version_ |
1764396667628421120 |