Sequencing and the Success of Gradualism: Empirical Evidence from China's Agricultural Reform
University of California, Dept. of Agricultural & Resource Economics, Davis Working Paper No. 02-005
45 Pages Posted: 23 Sep 2002
Date Written: February 2002
This paper provides evidence regarding gains to agricultural market liberalization in China. We empirically identify the different effects that incentive reforms and gradual market liberalization have on China's agricultural economy during its transition period. We find that average gains within the agricultural sector to incentive reform exceed gains to market liberalization by a factor of ten. Our method of analyzing the effects of transition policies on economic performance can be generalized to other reform paths in other transition economies.
JEL Classification: O4, P2, Q1
Suggested Citation: Suggested Citation