The Role of Property Rights in Allocation Efficiency and Inclusive Economic Growth

Lei Sun ()
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Lei Sun: Shandong University of Finance and Economics

Chapter Chapter 3 in Economic Growth and Development, 2020, pp 57-77 from Palgrave Macmillan

Abstract: Abstract The property rights of China’s farm lands are an incentive for agricultural growth. They have impacted on the dynamic development of family agribusinesses: their private and collective features have helped the diversification of agricultural products, and industrial development as well as rural enterprise development. Property rights have facilitated allocation efficiency in agricultural production and business management. The private and public management systems of property rights have facilitated inclusive growth by different family agribusinesses and social enterprises in rural development. In addition, the private management and leasing rights of farmland have helped to secure smallholder farmers’ private profits.

Keywords: Property rights; Allocation efficiency; Industrial development; Inclusive growth (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-46099-0_3

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DOI: 10.1007/978-3-030-46099-0_3

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