Specialization without regret
Subtitle: transfer rights, agricultural productivity, and investment in an industrializing economy
By: Michael R. Carter and Yang Yao.
Contributors: Yao, Yang.; World Bank. Development Research Group. Rural Development.
Series: Policy research working paper ;; 2202; Policy research working papers ;; 2202.
Publisher: World Bank, Development Research Group, Rural Development
Published: 1999
Place of publication: Washington, DC
Language: eng
Number of pages: 50
Subjects: Land use -- China.; Collectivization of agriculture -- China.; Right of property -- China.; Agricultural productivity -- China.
Description: In China, where collectives own farmland but farmers may hold "use rights" to the land, a case can be made for a property rights system with incomplete security of tenure but with strong transfer rights, which permit "specialization without regret"-- so farmers can recoup the value of an investment even if they exit farming.
Notes: Includes bibliographical references (p. 40-41).
"October 1999"--Cover.
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