"The continuous migration of rural labor to cities has changed the fundamental characteristics of China's labor market, profoundly affected the country's investments, savings, technological progress and economic cycle fluctuation, and more importantly, the rapid development of non-agricultural...

This paper uses farm panel data from China to examine the dynamics of land transactions, machine investments, and the demand for machine services. Recently, China's agriculture has experienced a large expansion of machine rentals and machine services provided by specialized agents, which has...