Institutional Reforms, Agricultural Risks and Agro-Industrial Diversification in Rural China

Weiyong Yang

Journal of the Asia Pacific Economy, 2007, vol. 12, issue 3, 386-402

Abstract: Since 1978, there has been a remarkable diversification trend in rural China, characterized by an impressive development of rural enterprises. The main objective of this paper is to understand the forces driving this agro-industrial diversification with a particular attention paid to two categories of factors, agricultural income risks and institutional factors. Using a panel data of 28 Chinese provinces from 1986 to 2001, we show that the diversification decision is jointly determined by relative return between agriculture and rural industry, climatic risks, price volatility of agriculture products, ownership evolution of rural enterprises, and government's food security concern.

Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/13547860701406001 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:12:y:2007:i:3:p:386-402

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjap20

DOI: 10.1080/13547860701406001

Access Statistics for this article

Journal of the Asia Pacific Economy is currently edited by Leong Liew

More articles in Journal of the Asia Pacific Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().