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Welfare Analysis of the Chinese Grain Policy Reforms

Author

Listed:
  • Ani L. Katchova
  • Alan Randall

    (University of Illinois at Urbana-Champaign and the Ohio State University)

Abstract

The Chinese grain policy reforms were implemented in 1994. The grain price subsidies were eliminated which led to a substantial grain price increase. This paper examines the welfare changes associated with the grain policy reforms. All welfare measures unambiguously show that the consumers became worse off after the implementation of the grain policy reforms. More interesting, however, is the comparison between the rich and poor consumers. Evidence suggests that the rich lost more than the poor in monetary terms. Finally, the analysis shows that income inequality in China went down after the grain policy reforms.

Suggested Citation

  • Ani L. Katchova & Alan Randall, 2005. "Welfare Analysis of the Chinese Grain Policy Reforms," The International Journal of Applied Economics, Department of General Business, Southeastern Louisiana University, vol. 2(1), pages 25-36, March.
  • Handle: RePEc:ija:ancoec:v:2:y:2005:i:1:p:25-36
    as

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    File URL: http://www2.selu.edu/orgs/ijae/Journal%202/IJAE%20MARCH%202005%20KATCHOVA%20Welfare2%2003%2005%202005%20FINAL1211.pdf
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    More about this item

    Keywords

    China; grain reforms; welfare analysis;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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