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This paper examines the development of the land lease market in rural China. Special attention is paid to productive heterogeneity among farmers and the openness of the labor market in activating the land lease market. A theoretical model is employed to explore the underlying connections. An...
Persistent link: https://www.econbiz.de/10008546320
The rational and political decision models are developed and tested for the land tenure choice in rural China. A novelty of the test is to link the collective decision with general relative factor scarcities. Competing hypotheses are developed for the two models and tested with panel data...
Persistent link: https://www.econbiz.de/10005003856