Grain subsidy, liquidity constraints and food security—Impact of the grain subsidy program on the grain-sown areas in China

Fujin Yi, Dingqiang Sun and Yingheng Zhou

Food Policy, 2015, vol. 50, issue C, 114-124

Abstract: This study examined the effects of China’s grain subsidy program, the largest food self-sufficiency project of all developing countries, on grain-sown areas within the context of liquidity constraints. A large household-level panel was used to evaluate how the subsidy program affected the cultivation schedule of farm households through the relaxation of households’ liquidity constraints over a given period. Results suggest that, in general, the grain subsidy program improved farm households’ grain planting areas in liquidity-constrained households. This finding provides a more comprehensive understanding of the effects of China’s grain subsidy than previous studies have.

Keywords: China grain subsidy; Liquidity constraint; Food security; Land use (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (48)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jfpoli:v:50:y:2015:i:c:p:114-124

DOI: 10.1016/j.foodpol.2014.10.009

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