Household Property Rights Formation in Rural China: Farmers' Preference, Transaction Cost and the Efficiency Hypothesis

Autor: Yi Che, Zuojun Fan, Yan Zhang
Rok vydání: 2019
Předmět:
Zdroj: Asian Economic Journal. 33:143-164
ISSN: 1467-8381
1351-3958
DOI: 10.1111/asej.12182
Popis: This paper examines the effects of farmers' preference, transaction cost and household productivity on land reallocation in rural China. Empirical results from a sample of 2102 households show that farmers' preference has no effect on land reallocation. The transaction cost has negative effects on partial‐scale land reallocation but has no effect on full‐scale land reallocation. Interestingly, highly productive and unproductive households receive more partial‐scale land reallocation than households with a median level of productivity, supporting the efficiency hypothesis (Brandt et al., 2004).
Databáze: OpenAIRE
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