Incentive Effects of Price Rises and Payment-System Changes on Chinese Agricultural Productivity Growth / John McMillan, John Whalley, Zhu Li Jing.

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McMillan, John

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w2148.Publication details: Cambridge, Mass. National Bureau of Economic Research 1987.Description: 1 online resource: illustrations (black and white)Online resources:

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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.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
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February 1987.

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.