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Local Granaries and Central Government Disaster Relief: Moral Hazard and Intergovernmental Finance in Eighteenth- and Nineteenth-Century China

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Author Info
SHIUE, CAROL H.

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Abstract

During the eighteenth and nineteenth centuries, the Chinese state attempted to administer famine relief partly through a nationwide institution of local granaries. This article explores regional variations in the performance of this institution to understand the reasons for its ultimate breakdown. The evidence suggests granary storage levels were systematically lower in provinces that received more frequent central government disaster relief; and an unintended consequence of disaster relief was that it modified local incentives for self-insurance and led to an incompletely resolved moral-hazard problem. China s experience provides an instructive example of the long-term dynamics present in intergovernmental policies.

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Publisher Info
Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 64 (2004)
Issue (Month): 01 (March)
Pages: 100-124
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Handle: RePEc:cup:jechis:v:64:y:2004:i:01:p:100-124_00

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  1. Cormac Ó Gráda, 2006. "Making Famine History," Working Papers 200610, School Of Economics, University College Dublin. [Downloadable!]
    Other versions:
  2. Carol H. Shiue & Wolfgang Keller, 2004. "Markets in China and Europe on the Eve of the Industrial Revolution," NBER Working Papers 10778, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Cormac Ó Gráda, 2007. "Famines and Markets," Working Papers 200720, School Of Economics, University College Dublin. [Downloadable!]
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This page was last updated on 2009-11-23.


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