The Determinants of Farm Investment and Residential Construction in Post-Reform China | Zendy

Gershon Feder | Zendy; Lawrence J. Lau | Zendy; Justin Yifu Lin | Zendy; Xiaopeng Luo | Zendy

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The Determinants of Farm Investment and Residential Construction in Post-Reform China

Author(s) -

Gershon Feder,

Lawrence J. Lau,

Justin Yifu Lin,

Xiaopeng Luo

Publication year - 1992

Publication title -

economic development and cultural change

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.217

H-Index - 71

eISSN - 1539-2988

pISSN - 0013-0079

DOI - 10.1086/451992

Subject(s) - china , zhàng , investment (military) , renting , download , political science , agricultural economics , economics , economy , politics , law , computer science , operating system

The objective of this paper is to clarify, on the basis of detailed farm level data derived from recent surveys, the importance of factors related to tenure security, farm size and credit availability in constraining farmers' agricultural investment. In particular, a direct measure of farmers' perceptions regarding tenure security will be utilized, as well as information on transactions in the credit market. The next section provides a description of the study areas. It is followed by a discussion of factors affecting farm investment and a description of investment patterns in the study areas. A formal model of farmers' consumption and investment decisions, and an econometric analysis are then presented and results are interpreted. The last section summarizes the paper.

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