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Getting food prices right: the state versus the market in reforming China, 1979–2006

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  • Jane Du
  • Kent Deng

Abstract

This article examines the Chinese state's food-market-rebuilding policies during its gradual reforms (1979–2006). To this end, we analyse government policies regarding food pricing, subsidies and procurement funds, and construct a policy implementation data set. Our findings indicate that fluctuations in China's food output were unidirectionally caused by the “visible hand” of China's reformist state, which aimed to guide the economy away from an administration-planned economy towards a price-based market system.

Suggested Citation

  • Jane Du & Kent Deng, 2017. "Getting food prices right: the state versus the market in reforming China, 1979–2006," European Review of Economic History, European Historical Economics Society, vol. 21(3), pages 302-325.
    • Handle: RePEc:oup:ereveh:v:21:y:2017:i:3:p:302-325.
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    File URL: http://hdl.handle.net/10.1093/ereh/hex005
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    Cited by:

    1. Deng, Kent & Shen, Jim Huangnan & Guo, Jingyuan, 2022. "Performance and mechanisms of the Maoist economy: a holistic approach, 1950-1980," Economic History Working Papers 116401, London School of Economics and Political Science, Department of Economic History.
    2. Alexander F. McQuoid & Yi Ding & Cem Karayalcin, 2017. "Fiscal Federalism, Fiscal Reform, and Economic Growth in China," Departmental Working Papers 57, United States Naval Academy Department of Economics.

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