Property Rights and Fertilizing Practices in Rural China;Evidence from Northern Jiangsu  

Oleh:

Yong-Shun, Kai ; James (Kai-Sing, Kung)

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Modern China vol. 26 no. 3 (Jul. 2000), page 276-308.
Topik: Evidence from Northern Jiangsu
Fulltext: 276MC263.pdf (116.27KB)

Isi artikel

Economists have long assigned property rights a central role in economic development. In particular, secure property rights, which allegedly exist only under a regime of private ownership, are believed crucial for inducing wealth-maximizing behavior because rational individuals will not invest if the fruits of their investment are not adequately protected (Alchian and Demsetz, 1972; Demsetz, 1967). Applying this premise to agriculture, one would expect that without secure property rights, farmers would not effectively use land in a manner compatible with long-term societal interest (Feder and Feeny, 1993; Johnson, 1972).

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