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The Role of Property Rights in Allocation Efficiency and Inclusive Economic Growth

In: Economic Growth and Development

Author

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  • Lei Sun

    (Shandong University of Finance and Economics)

Abstract

The property rights of China’s farm lands are an incentive for agricultural growth. They have impacted on the dynamic development of family agribusinesses: their private and collective features have helped the diversification of agricultural products, and industrial development as well as rural enterprise development. Property rights have facilitated allocation efficiency in agricultural production and business management. The private and public management systems of property rights have facilitated inclusive growth by different family agribusinesses and social enterprises in rural development. In addition, the private management and leasing rights of farmland have helped to secure smallholder farmers’ private profits.

Suggested Citation

  • Lei Sun, 2020. "The Role of Property Rights in Allocation Efficiency and Inclusive Economic Growth," Palgrave Studies in Economic History, in: Economic Growth and Development, chapter 0, pages 57-77, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-46099-0_3
    DOI: 10.1007/978-3-030-46099-0_3
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