Networks of Church and State that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the economic history of China apart from that of Europe. The imprints of those networks, which preceded the...

Lack of transfer rights for collectively-owned land has led to inefficient land use and rising urban-rural income inequality in China, which calls for property rights reform in the rural area. This paper studies the land titling experiment in Chengdu since 2008. Based on field surveys and...

The most notable, or at least the most noted, form of property evolution has been the transfer of exclusive rights from collectives to individuals and vice versa, such as the farm collectivization in Soviet Union and the establishment of the People's Communes in Mao's China and their reversals....

The landscape of China's rural land market has been changed by several significant land right reforms since 1970s. It is always of great interest to both the government and the public to gauge the effectiveness of these reforms. We address this question by investigating the impact of a recent...

Weak property rights over land prevent efficient allocation of production factors in the developing world. Farmers who lack title secure access to the land they work by providing evidence of productive use. The ``use it or lose it'' principle leads to a thin land rental market and a...

Based on prospect theory, we develop a theoretical framework to unify divided views on land reallocation reform in China. Our theoretical framework and empirical verification explain the driving forces behind the success of the rural land reallocation reform in China. We find that rural land...

This paper explores how the People’s Republic of China (PRC) can turn the challenges posed by the current global economic crisis into opportunities for a more prosperous future. The paper proposes a one-time sharp increase of government investments in the country’s successful albeit...

Britain was first, though the classical (and many of the neoclassical) economists did not recognize that its course was beginning the factor of 16. The slow British growth in the 18th century proposed by Crafts and Harley is unbelievable, but however one assigns growth within the period...

This article explores religion’s contribution to the cultural capital of the modern market economy. Networks of Church and State that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the...