Specialization without regret : transfer rights, agricultural productivity, and investment in an industrializing economy

In China, where collectives own farmland but farmers may hold "use rights" to the land, a case can be made for a property rights system with incomplete security of tenure but with strong transfer rights, which permit "specialization without regret"-- so farmers can recoup the val...

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Main Author: Carter, Michael R.
Corporate Author: World Bank Development Research Group
Other Authors: Yao, Yang
Format: eBook
Language:English
Published: Washington, DC World Bank, Development Research Group, Rural Development 1999, [1999]
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Summary:In China, where collectives own farmland but farmers may hold "use rights" to the land, a case can be made for a property rights system with incomplete security of tenure but with strong transfer rights, which permit "specialization without regret"-- so farmers can recoup the value of an investment even if they exit farming
Item Description:"October 1999"--Cover. - Includes bibliographical references (p. 40-41)
Physical Description:Online-Ressource (50 p) ill 28 cm