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Market liberalization and crop planting decision: a case of China

Market liberalization and crop planting decision: a case of China Purpose – The paper aims to measure the effects of market liberalization on Chinese farmers' crop planting decisions. Design/methodology/approach – The effects are measured using a censored, two‐stage, least‐square regression. Findings – The results show that the effects of market liberalization on planting decisions are more significant in the case of crops with minimum support price (rice, wheat, and corn) than in the case of crops where planting decision is determined by market prices (cotton and soybean). The effects appear to be different across regions and time zones and more significant in 1993 than in 2005. Originality/value – The result suggests that market liberalization along the past ten years achieved significant effects in Chinese farmers planting decision. This outcome should be taken into consideration when evaluating and implementing future Chinese agricultural policy income‐based interventions as a means to meet domestic food security goals and increase farmers' income level. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png China Agricultural Economic Review Emerald Publishing

Market liberalization and crop planting decision: a case of China

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Publisher
Emerald Publishing
Copyright
Copyright © 2010 Emerald Group Publishing Limited. All rights reserved.
ISSN
1756-137X
DOI
10.1108/17561371011078408
Publisher site
See Article on Publisher Site

Abstract

Purpose – The paper aims to measure the effects of market liberalization on Chinese farmers' crop planting decisions. Design/methodology/approach – The effects are measured using a censored, two‐stage, least‐square regression. Findings – The results show that the effects of market liberalization on planting decisions are more significant in the case of crops with minimum support price (rice, wheat, and corn) than in the case of crops where planting decision is determined by market prices (cotton and soybean). The effects appear to be different across regions and time zones and more significant in 1993 than in 2005. Originality/value – The result suggests that market liberalization along the past ten years achieved significant effects in Chinese farmers planting decision. This outcome should be taken into consideration when evaluating and implementing future Chinese agricultural policy income‐based interventions as a means to meet domestic food security goals and increase farmers' income level.

Journal

China Agricultural Economic ReviewEmerald Publishing

Published: Sep 7, 2010

Keywords: Free trade; China; Crops; Supply and demand

References