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Property rights in rural China : an empirical study of institutional choice in transitional economies

Authors Kung, James Kai-sing
Liu, Shouying
Issue Date 1997-04-24
Summary Existing criticisms on the tenure system in rural China as being too egalitarian for economic efficiency are often made on the basis of certain assumptions about economic behavior under common property rights. Utilizing a unique data set, villages are found to have exhibited tremendous variations in local tenure organizations: with some being much less egalitarian (and thus less conforming to the criticisms) than others, depending upon the local economic environment and resource endowment. To the extent that variations in the degree of egalitarianism are beyond a village's control, institutional outcomes and preferences cannot simply be equated with notions that the more private the property rights the greater the economic efficiency.
Language English
Format Working paper
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