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Economic structural changes and rural income: Evidence from Chinese provinces during the reform period

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  • Yang, Weiyong
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    Abstract

    During the reform period, the Chinese rural economy has experienced deep structural changes: cropping adjustment, agro-forestry adjustment and agro-industrial adjustment. At the same time, rural per capita income rose sharply despite some fluctuations. Using a panel data of 29 provinces from 1982 to 2001, effects of these structural changes upon both income level and income instability are assessed. The empirical results show that crop adjustment and agro-industrial adjustment can increase rural income and reduce income instability, while agro-forestry adjustment reduces both income and its instability, as a risk-management strategy.

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    Bibliographic Info

    Article provided by Elsevier in its journal China Economic Review.

    Volume (Year): 20 (2009)
    Issue (Month): 4 (December)
    Pages: 742-753

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    Handle: RePEc:eee:chieco:v:20:y:2009:i:4:p:742-753

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    Web page: http://www.elsevier.com/locate/chieco

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    Keywords: Activity adjustments Income Income instability Risk behavior China;

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