The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences

The Impact of Property Rights on Households' Investment, Risk Coping, and Policy Preferences
Author: Klaus W. Deininger
Publisher: World Bank Publications
Total Pages: 40
Release: 2002
Genre: Agriculture
ISBN:

Even though it is widely recognized that giving farmers more secure land rights may increase agricultural investment, scholars contend that, in the case of China, such a policy might undermine the function of land as a social safety net and, as a consequence, not be sustainable or command broad support. Data from three provinces, one of which had adopted a policy to increase security of tenure in advance of the others, suggest that greater tenure security, especially if combined with transferability of land, had a positive impact on agricultural investment and, within the time frame considered, led neither to an increase in inequality of land distribution nor a reduction in households' ability to cope with exogenous shocks. Household support for more secure property rights is increased by their access to other insurance mechanisms, suggesting some role of land as a safety net. At the same time, past exposure to this type of land right has a much larger impact quantitatively, suggesting that a large part of the resistance to changed property rights arrangements disappears as household familiarity with such rights increases.

Land Rental Markets as an Alternative to Government Reallocation?

Land Rental Markets as an Alternative to Government Reallocation?
Author: Klaus W. Deininger
Publisher: World Bank Publications
Total Pages: 44
Release: 2002
Genre: Agriculture and state
ISBN:

The authors develop a model of land leasing with agents characterized by unobserved heterogeneity in ability and presence of an off-farm labor market. In this case, decentralized land rental may contribute to equity and efficiency goals and may have several advantages over administrative reallocation. The extent to which this is true empirically is explored using data from three of China's poorest provinces. The authors find that both processes redistribute land to those with lower endowments but that land rental markets are more effective in doing so and also have a larger productivity-enhancing effect than administrative reallocation, implying that more active land rental markets would allow producers to realize significant productivity gains. At the same time, the presence of a large number of producers whose participation in rental markets remains constrained suggests that efforts to reduce transaction costs in land rental markets would be warranted.

Institutions in Transition

Institutions in Transition
Author: Peter Ho
Publisher: Oxford University Press
Total Pages: 290
Release: 2005-07-21
Genre: Business & Economics
ISBN: 019928069X

China's urban sprawl has led to serious social cleavages. Unclear land and property rights have resulted in an uneasy alliance between real estate companies and local authorities, with most willing to strike illegal deals over land. The results have been devastating. Farmers live in fear that the land they till today will be gone tomorrow, while urban citizens are regularly evicted from their homes to make way for new skyscrapers and highways.These shocking incidents underscore the urgency of the land question in China. The recent conviction of the Chinese Minister for Land Resources and the forced evictions that have led to the injury and death of ordinary Chinese citizens highlight the case for land reform. Against this backdrop, many scholars criticize China's lack of privatization and titling of property. This monograph, however, demonstrates that these critically depend on timing and place. Land titling is imperative for thewealthier regions, yet, may prove detrimental in areas with high poverty. The book argues that China's land reform can only succeed if the clarification of property rights is done with caution and ample regard for regional variations.

Developing Property Rights Theory

Developing Property Rights Theory
Author: Shaoan Huang
Publisher: Springer Nature
Total Pages: 284
Release: 2023-11-08
Genre: Business & Economics
ISBN: 9819908833

This book aims to interpret China’s property-rights reform since 1978 on theory level. Property-rights reform is no doubt the essential for economic system reform, which led to China’s economic miracle in the past 40 years. Neither modern property-rights theory nor Marxism can explain all issues around Chinese complex economic system reform. The book sheds light on the theory development through comparative study and China-focused research.

Game: The Segmentation, Implementation And Protection Of Land Rights In China

Game: The Segmentation, Implementation And Protection Of Land Rights In China
Author: Shuguang Zhang
Publisher: World Scientific
Total Pages: 318
Release: 2015-08-24
Genre: Law
ISBN: 9814623393

This book provides a thorough analysis of the evolution of land property rights and transfer mechanism during the transition of the Chinese society from being a traditional self-sustaining agricultural society to a modern commercialized agricultural society. It provides empirical proof for complicated property rights theories and a solution and path for land capitalization. It discloses that in practice, land ownership may not be the essence and knot of the problem, and that the implementation of land property rights really matters.The book also provides a series of pragmatic solutions and measures to improve the current land law system and land policy in China. It stresses the importance of a pragmatic research methodology that is based on arguments on real life research and evidence, which may help promote a more grounded research atmosphere in the Chinese academia.

Securing Property Rights in Transition: Lessons from Implementation of China's Rural Land Contracting Law

Securing Property Rights in Transition: Lessons from Implementation of China's Rural Land Contracting Law
Author: Songqing Jin
Publisher: World Bank Publications
Total Pages: 36
Release: 2012
Genre:
ISBN:

This paper is motivated by the emphasis on secure property rights as a determinant of economic development in recent literature. The authors use village and household level information from about 800 villages throughout China to explore whether legal reform increased protection of land rights against unauthorized reallocation or expropriation with below-average compensation by the state. The analysis provides nation-wide evidence on a sensitive topic. The authors find positive impacts, equivalent to increasing land values by 30 percent, of reform even in the short term. Reform originated in villages where democratic election of leaders ensured a minimum level of accountability, pointing toward complementarity between good governance and legal reform. The paper explores the implications for situations where individuals and groups hold overlapping rights to land.

Property Rights and Economic Reform in China

Property Rights and Economic Reform in China
Author: Jean Chun Oi
Publisher: Stanford University Press
Total Pages: 372
Release: 1999
Genre: Business & Economics
ISBN: 0804737886

Revisions of papers presented at a conference at Hong Kong University of Science and Technology, 1996.