A general equilibrium analysis on the impacts of reform in China's farmland management

Title: A general equilibrium analysis on the impacts of reform in China's farmland management
Creator: Zhang, Xiaohe
Relation: Journal of Business and Policy Research Vol. 9, Issue 1, p. 117-136
Relation: http://www.jbprpapers.com/abstract/167
Publisher: World Business Institute
Resource Type: journal article
Date: 2014
Description: This paper examines the impacts of reform on the farmland management in China on the aggregate economic welfare on the world economy. Propositions derived from a theoretical model include that when the restrictions on farmland exchange are removed, agricultural output may fall but the income loss from a shrinking cropping sector will be more than compensated by a consequential increase in income generated from its alternative use in the dwelling construction sector. The change in the farmland allocation will result in unambiguous welfare gains. These theoretical propositions are examined through simulations on a computable general equilibrium model (the GTAP model) in which several policy scenarios are experimented.
Subject: farmland management; economic welfare; GTAP; reform
Identifier: http://hdl.handle.net/1959.13/1067369
Identifier: uon:18392
Identifier: ISSN:1449-387X
Language: eng
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