Securing property rights in transition: Lessons from implementation of China's rural land contracting law

Klaus Deininger and Songqing Jin

No 21465, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: While recent studies point towards the importance of institutions, in particular secure property rights, as key determinants of economic growth, options to foster institutional change to make property rights more secure are not well understood. Data from 800 villages all over China on the effectiveness with which a law aiming to increase households' tenure security -at the expense of local leaders' powers to reallocate or expropriate land without adequate compensation- provides an opportunity to identify such factors. Using illegal land reallocations and low compensation payments for expropriated land to identify lack of effective institutional change, we find that the impact of property rights reform is contingent on the institutional constraints imposed on leaders' power by democratic institutions and a clear legal framework, households' knowledge of the law, and to some extent presence of land certificates.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 30
Date: 2006
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Related works:
Journal Article: Securing property rights in transition: Lessons from implementation of China's rural land contracting law (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea06:21465

DOI: 10.22004/ag.econ.21465

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