Incentive Effects of Price Rises and Payment-System Changes on Chinese Agricultural Productivity Growth
This paper analyzes the relative importance of the major factors underlying the post-1978 increase in China's agricultural productivity. We present a method for assessing the role of price increases and strengthened individual incentives due to the introduction of the responsibility system. Data on pre- and post-1978 Chinese agricultural performance are used to calculate incentive indices, giving the fraction of their marginal product that peasants received under the pre-1978 regime.
|Date of creation:||Feb 1987|
|Publication status:||published as Journal of Political Economy, vol. 97 (4), August 1989, pp. 781-807."The Impact of China's Economic Reforms on Agricultural Productivity Growth"|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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- Xavier Freixas & Roger Guesnerie & Jean Tirole, 1985. "Planning under Incomplete Information and the Ratchet Effect," Review of Economic Studies, Oxford University Press, vol. 52(2), pages 173-191.
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