Securing Property Rights in Transition: Lessons from Implementation of China's Rural Land Contracting Law

• Tác giả: Klaus Deininger
• Ngôn ngữ: eng
• Ký hiệu phân loại: 333.31 Land reform
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 320477
• Chủ đề: 1. Economic Development: Regional, Urban, and Rural Analyses; 2. Formal and Informal Sectors; 3. Institutional Arrangements O170; 4. Property Law K110; 5. Shadow Economy

Tóm tắt

Motivated by the emphasis on secure property rights as a determinant of economic development in recent literature, we use village- and household-level information from about 800 villages throughout China to explore whether legal reform increased protection of land rights against unauthorized reallocation or expropriation with below-average compensation by the state. In addition to providing nation-wide evidence on a sensitive topic, we find positive impacts, equivalent increasing land values by 30 percent, of reform even in the short term that originated in villages where democratic election of leaders ensured a minimum level of accountability, pointing towards complementarity between good governance and legal reform. Implications for situations where individuals and groups hold overlapping rights to land are explored.