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

This paper is motivated by the emphasis on secure property rights as a determinant of economic development in recent literature. The authors 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. The analysis provides nation-wide evidence on a sensitive topic. The authors find positive impacts, equivalent to increasing land values by 30 percent, of reform even in the short term. Reform originated in villages where democratic election of leaders ensured a minimum level of accountability, pointing toward complementarity between good governance and legal reform. The paper explores the implications for situations where individuals and groups hold overlapping rights to land.

Bibliographic Details

Main Authors:	Jin, Songqing, Deininger, Klaus
Language:	English
Published:	World Bank, Washington, DC 2007-12
Subjects:	ACCESS TO LAND, ADMINISTRATIVE RECORDS, AGENTS, AGRARIAN REFORM, AGRICULTURAL LAND, AGRICULTURAL PRODUCTION, AGRICULTURAL PRODUCTIVITY, AGRICULTURE, ALLOCATION, APPROPRIATION, BANK CREDIT, BANK LOANS, BUREAUCRACY, CAPITAL ACCUMULATION, CAPITALISM, CLIMATE, COLLATERAL, COMPENSATION, COOPERATIVES, CORPORATION, CORRUPTION, DEMOCRACY, DEVELOPED LAND, DEVELOPERS, DISCOUNT RATE, DISCRIMINATION, DIVERSIFICATION, EARNINGS, ECONOMIC BEHAVIOR, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC POLICIES, ECONOMIC REFORMS, ECONOMIC RESOURCES, ELASTICITY, EMINENT DOMAIN, ENDOWMENTS, ENTREPRENEURS, ENVIRONMENTS, EQUALITY, EQUALITY OF OPPORTUNITY, EQUITY INVESTORS, EXPENDITURE, EXTERNALITIES, FARMER, FARMERS, FREE ACCESS, GOVERNMENT INTERVENTION, HOUSEHOLD WELFARE, HOUSEHOLDS, HOUSES, HOUSING, HUMAN CAPITAL, INCOME DISTRIBUTION, INEQUALITY, INSURANCE, INTERNATIONAL BANK, INTERNATIONAL FINANCE, INTERNATIONAL LAW, INVESTMENT OPPORTUNITIES, IRRIGATION, JOB CREATION, LABOR MARKETS, LABOR MOBILITY, LABOUR MARKETS, LAND ACQUISITION, LAND ADMINISTRATION, LAND ADMINISTRATION SYSTEM, LAND DEVELOPMENT, LAND ECONOMICS, LAND MARKET, LAND PRICES, LAND REFORM, LAND RIGHTS, LAND TENURE, LAND USE, LAND USES, LANDLORDS, LANDS, LEASES, LEASING, MARKET DEVELOPMENT, MARKETABLE SURPLUS, MONOPOLY, MORAL HAZARD, MORTGAGE, OUTREACH, POINTS, POLITICAL ECONOMY, POLITICAL INSTITUTIONS, PRIVATE CREDIT, PRIVATE ENTERPRISES, PRIVATE ENTREPRENEURS, PRIVATE INVESTMENT, PRIVATE INVESTORS, PRIVATE PROPERTY, PRIVATE PROPERTY RIGHTS, PRIVATE SECTOR, PROPERTY LAW, PROPERTY OWNERSHIP, PROPERTY RIGHT, PROPERTY RIGHTS, PUBLIC GOODS, PUBLIC LAND, PUBLIC SECTOR, RECEIPT, REINVESTMENT, RENTS, RESIDUAL CLAIMANTS, RIGHTS OF WAY, RURAL DEVELOPMENT, SAFETY NET, SECURE PROPERTY RIGHTS, SOURCE OF INCOME, STATE POWER, SUB-SAHARAN AFRICA, TAX, TENANTS, TENURE, TRANSACTION COSTS, URBAN AREAS, URBAN DEVELOPMENT, URBAN LAND, URBAN LAND MARKETS, VILLAGE, VILLAGES, WATER RIGHTS,
Online Access:	http://documents.worldbank.org/curated/en/2007/12/8886604/securing-property-rights-transition-lessons-implementation-chinas-rural-land-contracting-law https://hdl.handle.net/10986/7545
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