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Domestic grain market reform in china: the contribution of economic policy research funded by ACIAR

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  • J. D. Mullen

Abstract

This paper reports an assessment of the impact of economics research into domestic grain marketing policy in China, which was partly supported by the Australian Centre for International Agricultural Research. A financial analysis was conducted to value the contribution of these projects in bringing forward the adoption of more liberalized grain marketing policy. An estimate had to be made of the potential welfare gains from market reform in China because grain marketing policy in China in recent decades has been characterized by periods of reform alternating with periods of retrenchment in the face of uncertainty about how best to ensure food security. Any attempt to attribute some share of these potential gains to a particular research project is highly subjective when there are multiple sources of policy advice. The potential benefit cost ratio from the Australian investment may be in the order of 5 to 10:1.

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  • J. D. Mullen, 2005. "Domestic grain market reform in china: the contribution of economic policy research funded by ACIAR," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 3(1), pages 75-94.
    • Handle: RePEc:taf:jocebs:v:3:y:2005:i:1:p:75-94
    DOI: 10.1080/14765280500040815
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    References listed on IDEAS

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    1. Huang, Jikun & Rozelle, Scott & Martin, William J. & Liu, Yu, 2007. "Distortions to Agricultural Incentives in China," Agricultural Distortions Working Paper Series 48478, World Bank.
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    6. Christopher Findlay, 1997. "Grain Sector Reform in China," Chinese Economies Research Centre (CERC) Working Papers 1997-01, University of Adelaide, Chinese Economies Research Centre.
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    1. Mullen, John D., 2009. "Domestic Grain Market Reform In China: The Contribution of Economic Policy Research Funded by ACIAR Revisited," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 48031, Australian Agricultural and Resource Economics Society.

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