Externalities in Rural Development : Evidence for China

• Tác giả: Martin Ravallion
• Ngôn ngữ: eng
• Ký hiệu phân loại: 560.95 Paleontology Paleozoology
• Thông tin xuất bản: 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 319442
• Chủ đề: 1. CONSUMPTION GROWTH; 2. FARM INCOME; 3. INCOME GROWTH; 4. RURAL DEVELOPMENT; 5. RURAL ECONOMIC DEVELOPMENT

Tóm tắt

The author tests for external effects of local economic activity on consumption and income growth at the farm-household level using panel data from four provinces of post-reform rural China. The tests allow for non-stationary fixed effects in the consumption growth process. Evidence is found of geographic externalities, stemming from spillover effects of the level and composition of local economic activity and private returns to local human and physical infrastructure endowments. The results suggest an explanation for rural underdevelopment arising from under-investment in certain externality-generating activities, of which agricultural development emerges as the most important.