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Property Rights, Land Misallocation, and Agricultural Efficiency in China

April 27, 2018 @ 3:30 pm - 5:00 pm

Free

Shing-Yi Wang
Assistant Professor of Business Economics and Public Policy, The Wharton School, University of Pennsylvania

Friday, April 27
3:30-5:00 pm
444 Fronczak Hall, UB North Campus

Economics Department Seminar, cosponsored by the Confucius Institute

Free and open to the public

This paper examines the impact of a property rights reform in rural China that allowed farmers to lease out their land. We find the reform led to increases in land rental activity in rural households. Consistent with a model of transaction costs in land markets, our results indicate that the formalization of leasing rights resulted in a redistribution of land toward more productive farmers. Consequently, the aggregate productivity of land increased significantly. We also find that the reform increased the responsiveness of land allocation across crops to changes in crop prices.

Details

Date:
April 27, 2018
Time:
3:30 pm - 5:00 pm
Cost:
Free
Website:
http://economics.buffalo.edu/news-events/

Venue

444 Fronczak Hall
University at Buffalo
Buffalo, NY 14260