Incentive Effects of Price Rises and Payment-System Changes on Chinese Agricultural Productivity Growth
24 Pages Posted: 11 Jun 2007 Last revised: 16 Nov 2022
Date Written: February 1987
Abstract
This paper analyzes the relative importance of the major factors underlying the post-1978 increase in China's agricultural productivity. We present a method for assessing the role of price increases and strengthened individual incentives due to the introduction of the responsibility system. Data on pre- and post-1978 Chinese agricultural performance are used to calculate incentive indices, giving the fraction of their marginal product that peasants received under the pre-1978 regime.
Suggested Citation: Suggested Citation
Mcmillan, John and Jing, Zhu Li and Whalley, John, Incentive Effects of Price Rises and Payment-System Changes on Chinese Agricultural Productivity Growth (February 1987). NBER Working Paper No. w2148, Available at SSRN: https://ssrn.com/abstract=346962
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