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Household Property Rights Formation in Rural China: Farmers' Preference, Transaction Cost and the Efficiency Hypothesis
Author(s) -
Che Yi,
Fan Zuojun,
Zhang Yan
Publication year - 2019
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/asej.12182
Subject(s) - transaction cost , economics , productivity , property rights , preference , china , agricultural economics , sample (material) , scale (ratio) , land tenure , labour economics , natural resource economics , microeconomics , economic growth , geography , agriculture , chemistry , cartography , archaeology , chromatography
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).