EconStor >
Cardiff University >
Cardiff Business School, Cardiff University >
Cardiff Economics Working Papers, Cardiff Business School, Cardiff University >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/65829
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorPatel, Vasitaen_US
dc.contributor.authorSelim, Sheikhen_US
dc.date.accessioned2010-12-17en_US
dc.date.accessioned2012-11-02T14:29:47Z-
dc.date.available2012-11-02T14:29:47Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/65829-
dc.description.abstractFollowing the rural reform in 1978 a series of agricultural reforms were introduced in China. The main aim of these reforms was to create incentives for the farmers to produce more. The nineties' price reform that was aimed at deregulating the agricultural market eventually resulted in a huge drop in agricultural production; this apparently motivated the government to take over the control of agricultural prices in 1998. In this paper we examine how and to what extent these reforms affected the productivity and welfare of wheat farmers in China for a dataset that covers all the major rural reforms undertaken in China. We find that the nineties' price reforms resulted in a high magnitude of effort-response from wheat farmers which led to a faster growth of the incentive component of productivity. Due to random weather shocks this response did not result in the expected level of profit and as a result the farmers suffered a huge decline in welfare. The regulations introduced in 1998 destroyed the incentive-induced growth in TFP. In general wheat farmers in China responded highly when markets were made more competitive, and their effort-response for flat subsidies (e.g. at the ones introduced in the eighties) was very marginal.en_US
dc.language.isoengen_US
dc.publisherCardiff University, Cardiff Business School Cardiffen_US
dc.relation.ispartofseriesCardiff Economics Working Papers E2010/16en_US
dc.subject.jelN55en_US
dc.subject.jelO13en_US
dc.subject.jelO53en_US
dc.subject.jelQ12en_US
dc.subject.ddc330en_US
dc.subject.keywordChinaen_US
dc.subject.keywordIncentivesen_US
dc.subject.keywordTFPen_US
dc.subject.keywordAgricultureen_US
dc.subject.keywordWheat Productionen_US
dc.subject.stwBodenreformen_US
dc.subject.stwAgrarreformen_US
dc.subject.stwAgrarproduktionen_US
dc.subject.stwÖkonomischer Anreizen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwChinaen_US
dc.titleReforms, incentives, welfare and productivity growth in Chinese wheat productionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn641978383en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Cardiff Economics Working Papers, Cardiff Business School, Cardiff University

Files in This Item:
File Description SizeFormat
641978383.pdf298.84 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.