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Grain Policy in China's Provinces: Simulating the Response of Yields to Pricing, Procurement and Loan Policies

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  • Boisvert, Richard
  • Rozelle, Scott

Abstract

This paper assesses the effects of pricing, procurement and loan policies on China's grain economy. A dynamic control model of the village leader is specified. Parameters of structural and control equations are estimated using time series cross-section data. Simulation results show that pricing and procurement policies are not effective in raising yields due to conflicting objectives of officials. Loan policies can increase yields.

Suggested Citation

  • Boisvert, Richard & Rozelle, Scott, 1991. "Grain Policy in China's Provinces: Simulating the Response of Yields to Pricing, Procurement and Loan Policies," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271352, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271352
    DOI: 10.22004/ag.econ.271352
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    References listed on IDEAS

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    1. Fulton, Murray & Karp, Larry, 1989. "Estimating the objectives of a public firm in a natural resource industry," Journal of Environmental Economics and Management, Elsevier, vol. 16(3), pages 268-287, May.
    2. Kuan, Chen & Hongchang, Wang & Yuxin, Zheng & Jefferson, Gary H. & Rawski, Thomas G., 1988. "Productivity change in Chinese industry: 1953-1985," Journal of Comparative Economics, Elsevier, vol. 12(4), pages 570-591, December.
    3. Wiens, Thomas B., 1987. "Issues in the structural reform of Chinese agriculture," Journal of Comparative Economics, Elsevier, vol. 11(3), pages 372-384, September.
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