Grain Policy in China's Provinces: Simulating the Response of Yields to Pricing, Procurement and Loan Policies

Richard Boisvert and Scott Rozelle

No 271352, 1991 Annual Meeting, August 4-7, Manhattan, Kansas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper assesses the effects of pricing, procurement and loan policies on China's grain economy. A dynamic control model of the village leader is specified. Parameters of structural and control equations are estimated using time series cross-section data. Simulation results show that pricing and procurement policies are not effective in raising yields due to conflicting objectives of officials. Loan policies can increase yields.

Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries (search for similar items in EconPapers)
Pages: 15
Date: 1991-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea91:271352

DOI: 10.22004/ag.econ.271352

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