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Farm Household Behavior, Factor Markets, and the Distributive Consequences of Commercialization in Early Twentieth-Century China

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  • Brandt, Loren

Abstract

Unlike the case of many low-income countries, farm-level survey data show no major differences across farm sizes with regard to decision-making and economic efficiency. This similarity is attributed to the operation of efficient and competitive markets which households used effectively to offset imbalances in resource endowment. If this holds true from the 1880s to the 1930s, perhaps the benefits of commercialization were more evenly distributed than previously believed.

Suggested Citation

  • Brandt, Loren, 1987. "Farm Household Behavior, Factor Markets, and the Distributive Consequences of Commercialization in Early Twentieth-Century China," The Journal of Economic History, Cambridge University Press, vol. 47(3), pages 711-737, September.
    • Handle: RePEc:cup:jechis:v:47:y:1987:i:03:p:711-737_04
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    Cited by:

    1. Li, Guo & Rozelle, Scott & Huang, Jikun, 2000. "Land Rights, Farmer Investments Incentives, And Agricultural Production In China," Working Papers 11958, University of California, Davis, Department of Agricultural and Resource Economics.
    2. Dietrich Vollrath, 2011. "The agricultural basis of comparative development," Journal of Economic Growth, Springer, vol. 16(4), pages 343-370, December.
    3. C.S.C Sekhar & Namrata Thapa, 2021. "Agricultural Market Imperfections And Farm Profitability In India," IEG Working Papers 440, Institute of Economic Growth.
    4. Krusekopf, Charles C., 2002. "Diversity in land-tenure arrangements under the household responsibility system in China," China Economic Review, Elsevier, vol. 13(2-3), pages 297-312.
    5. C.S.C. Sekhar, 2021. "Price or income support to farmers? Policy options and implications," IEG Working Papers 420, Institute of Economic Growth.
    6. James Kai-Sing Kung & Nansheng Bai & Yiu-Fai Lee, 2011. "Human capital, migration, and a ‘vent’ for surplus rural labour in 1930s China: the case of the Lower Yangzi," Economic History Review, Economic History Society, vol. 64, pages 117-141, February.
    7. C. S. C. Sekhar & Namrata Thapa, 2023. "Rural market imperfections in India: Revisiting old debates with new evidence," Development Policy Review, Overseas Development Institute, vol. 41(5), September.
    8. Varouj Aivazian & Dipak Mazumdar & Eric Santor, 2003. "Financial Constraints and Investment: Assessing the Impact of a World Bank Loan Program on Small and Medium-Sized Enterprises in Sri Lanka," Staff Working Papers 03-37, Bank of Canada.
    9. Kung, James Kai-sing & Wu, Xiaogang & Wu, Yuxiao, 2012. "Inequality of land tenure and revolutionary outcome: An economic analysis of China's land reform of 1946–1952," Explorations in Economic History, Elsevier, vol. 49(4), pages 482-497.

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