Impact of Property Rights Reform to Support China’s Rural-Urban Integration
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World Bank, Washington, DC
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As part of a national experiment in
2008, Chengdu prefecture implemented ambitious property
rights reforms, including complete registration of all land
together with measures to ease transferability and eliminate
migration restrictions. A triple difference approach using
the Statistics Bureau’s regular household panel suggests
that the reforms increased consumption and income,
especially for less wealthy and less educated households,
with estimated benefits well above the cost of
implementation. Local labor supply increased, with the young
shifting toward agriculture and the old toward off-farm
employment. Agricultural yields, intensity of input use, and
diversity of output also increased. Improving property
rights in peri-urban China appears to have increased
investment and diversification.
Palabras clave
LIVING STANDARDS, EMPLOYMENT, PHYSICAL CAPITAL, RIGHTS, MOTIVATION, ECONOMIC GROWTH, VILLAGES, PEOPLE, PRODUCTION, VILLAGE, INCOME, INTEREST, BIAS, PROPERTY RIGHTS, INFORMATION, REVENUES, WELFARE, LOC, ENDOWMENTS, EFFECTS, INCENTIVES, VARIABLES, ENDOWMENT, SUBSIDY, INPUTS, CORRUPTION, WEALTH, TRANSACTION COST, AGRICULTURAL OUTPUT, INTERNATIONAL BANK, VALUE OF OUTPUT, SECURE PROPERTY RIGHTS, TRENDS, PRICE DISCOVERY, DEVELOPMENT, LABOR MARKET, START-UP, PER CAPITA INCOME, DEVELOPMENT ECONOMICS, JOB OPPORTUNITIES, LAND MARKETS, RENT, DEBTS, PRODUCTIVITY, EXTERNALITIES, INDUSTRIALIZATION, TRANSFERS, MARKETS, ORGANIZATIONS, RECEIPTS, ALLOCATIVE EFFICIENCY, LAND RIGHTS, LABOR MARKET ISSUES, LAND OWNERSHIP, SOCIAL SECURITY, STANDARDS, LABOR, FARMERS, ENTERPRISES, SUBSIDIES, REAL ESTATE, FINANCE, EFFICIENCY, TAXES, BANKS, EXPENDITURE, INCENTIVE PROBLEMS, FACTOR MARKETS, CONSUMPTION, PRODUCTIVITY GROWTH, HUMAN CAPITAL, LAND MARKET, AFFORDABILITY, ECONOMIC PERFORMANCE, CAPITAL, WAGES, POLICIES, ECONOMETRIC ANALYSIS, LAND BANKS, SMALL ENTERPRISES, PROPERTY TAXES, FAMILY, VALUE, SOURCE OF INCOME, GENDER, BANK, SAFETY NET, URBAN AREAS, HOUSEHOLD, AGRICULTURAL SECTOR, AGRICULTURE, PROPERTY, PROPERTIES, LAND REGISTRATION, JOB CREATION, MEASUREMENT, PHYSICAL ASSETS, ASSETS, TRANSACTION COSTS, AGRICULTURAL ACTIVITIES, URBAN DEVELOPMENT, ECONOMICS, DIVERSIFICATION, PROFITABILITY, INSURANCE, WAGE STRUCTURE, TAXATION, ECONOMIC DEVELOPMENT, SECURITY, REGISTRATION SYSTEM, FINANCIAL DEVELOPMENT, GROWTH RATE, INVESTMENT, RISK, HOUSEHOLDS, ACCESS TO SERVICES, BARGAINING, SUPPLY, MEDICAL EXPENSE, DECENTRALIZATION, REVENUE, LABOR SUPPLY, LAW, PROFIT, HOUSEHOLD WELFARE, FEES, EDUCATIONAL LEVELS, PROFITS, LABOR MARKETS, FINANCIAL SECTOR, OUTCOMES, SAFETY, POSITIVE EFFECTS, SELF-EMPLOYMENT, COOPERATIVE, PRICES, NEGATIVE EXTERNALITIES, DEVELOPMENT POLICY, INEQUALITY, FUTURE RESEARCH