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Book Credit s Effect on Productivity in Chinese Agriculture

Download or read book Credit s Effect on Productivity in Chinese Agriculture written by and published by World Bank Publications. This book was released on 1991 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Agricultural Credit Demand in Republican China 1929 1933

Download or read book Agricultural Credit Demand in Republican China 1929 1933 written by Ziang Cheng and published by . This book was released on 2016 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this thesis, I investigate certain aspects of credit in rural China between 1929 and 1933. Based on the extensive household-level data collected by John Lossing Buck for Land Utilization in China (1937) the purpose of this thesis is two-fold. First, I explore factors that influenced Chinese farmers' credit demand, supply and productivity. I include interactions including controls for the very uncertain historical environment facing farmers in the Republican era. Second, I investigate the constraints on access to credit, taking advantage of the data used and model I chose given the data available to me. More specifically, I determine the relationships between special expenditures (Weddings, Funeral, etc.), agricultural production and the demand and supply of credit. The conclusions I get are Chinese formal financial system was far away from complete due to the poor political and natural environment. Formal sources of credit are minuscule; Chinese farmers relied heavily on informal credit channels for consumptive purpose and productive purpose. In most cases from the regressions I run, loan demand increases with productivity; the higher productivity, the greater loan demand will be. For indebted farmers, the correlation between consumptive loan supply and productivity is negative while it is positive between productive loan supply and productivity. From the credit demand function, if there is more consumptive loan supply, there will be more consumptive loan demand; if there is more productive loan supply, and there will be less productive demand. We show that farmers' demand for credit was impacted by their purpose to borrow. From the credit supply function, increase in consumptive loan demand will not increase consumptive loan supply; while if the demand for productive loan demand was greater, the supply will also be higher. The final implications I find are that the more special the expenditure (wedding and funeral expense) the greater was credit demand by farmers (at least those who borrowed). And for those farmer who are not accustomed to living in debt, their decision to borrow or not will not be affected by the happening of wedding or funeral event. Some farmers may suffer great poverty but they still will choose not to borrow. An important conclusion from this study is that, by and large, the Chines farmer was a ratetaker. Our results find in the overwhelming number of cases that the demand was almost, if not, perfectly inelastic. Thus, we find over and over that the greater the demand for credit the higher the interest rate charged. This conclusion comes from the observation that in virtually all models examined, the supply equation had a positive relation between interest rate charged and loan demanded, but the demand equation had no measureable statistical relation between amount borrowed and the interest rate charged. As for production loans, at least some of the models investigated showed a downward, sloping demand for credit, and a positive relationship between credit and agricultural productivity. Finally, this study was based on the actual household data gathered by Professor Buck. Thought lost to history, this data was discovered in 2000 in the archives at Nanjing Agricultural University, and was preserved, and digitized by faculty and students in the College of Economics and Management, Nanjing Agricultural College. This thesis is the first to use this data outside of China, and the only study to investigate agricultural credit. We believe that this is the only study to investigate empirically and statistically the demand and supply of credit in the Republican era. However, we should also mention that not all data was recovered so there is not a perfect match on all variables between our available sample and the summary statistics in Land Utilization in China, although for the most part they are close and very much consistent. ii.

Book Regional Productivity Growth In China s Agriculture

Download or read book Regional Productivity Growth In China s Agriculture written by Shenggen Fan and published by CRC Press. This book was released on 2019-07-11 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study by Shenggen Fan makes three important and original contributions. It is the first study to report regional patterns of productivity growth in Chinese agriculture. There have been dramatic differences in output and productivity growth among Chinese regions. The second contribution is to measure the separate effects of technical change and institutional reform on productivity growth. Much of the rapid growth in agricultural production and in productivity since the late 1970s has been a consequence of an important series of institutional reforms. The third contribution is the first test of the induced innovation hypothesis against experience in a centrally planned economy. Regional patterns of productivity growth are consistent with the hypothesis that the path of technical change has been responsive to regional differences in resource endowments.

Book The Evolution of Agricultural Credit during China s Republican Era 1912 1949

Download or read book The Evolution of Agricultural Credit during China s Republican Era 1912 1949 written by Hong Fu and published by Springer. This book was released on 2018-05-30 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the modern era, China’s rural credit landscape is transforming at a dizzying rate, but, in terms of financial development, these changes represent a second attempt in the past 100 years to reform China’s credit institutions and provide credit access to farmers. The first period was during the Republican era, between 1912 and 1949, which saw the first attempts at formalizing rural credit with the Industrial and Agricultural Banks. This book uses primary data and papers to present a full picture of the difficult conditions China faced during the Republican era in order to explain the myriad reforms to the country's rural credit system. Fu and Turvey build a narrative around these developments based on the foundation of thousands of years of dynastic rule in order to explore the specific impacts of drought, floods, famine, communist insurgencies, Japanese expansionism, and more on credit access, supply and demand. They consider powerful personalities—such as J.B. Taylor, John Lossing Buck, Paul Hsu and Timothy Richards—and influential institutions—from Nanking and Nankai Universities to the China International Famine Relief Commission—that sought ways to end the cycle that trapped the vast majority of Chinese farmers in poverty. This rich, wide-ranging, and stimulating work will appeal both to readers focused on present day China and those who want to understand China’s rural economy and credit policies in a historical context.

Book Productivity and Growth in Chinese Agriculture

Download or read book Productivity and Growth in Chinese Agriculture written by Yanrui Wu and published by Springer. This book was released on 2016-07-27 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's agricultural growth in the past two decades has been called a miracle. An analysis of the sources of this miraculous growth is the focus of the present volume. In addition, this book also investigates the impact of economic reforms on agriculture, the potential of grain production in China, and regional disparities in agricultural production and growth performance. This book adds to the literature and contributes to the current debates on food security and rural development.

Book New Directions in China s Agricultural Lending

Download or read book New Directions in China s Agricultural Lending written by Fred Gale and published by DIANE Publishing. This book was released on 2006 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has substantially boosted lending to farmers & agribus. in recent years. The balance of loans to farmers doubled between 2001 & 2005. Loans for agribus. & rural infrastructure rose as well. Rural credit coop. & banks that lend to ag. are being reformed & commercialized but ag. lending is still largely policy-driven. The boost in farm lending is one of several policy initiatives to aid farmers. Chinese ag. remains dominated by extremely small farms using little physical capital, but rising investment is helping the sector diversify & is improving the quality & safety of ag. produce. The campaign to inject capital into rural China is enabled by an abundant supply of domestic savings & large inflows of foreign investment. Illustrations.

Book Chinese Agriculture in the 1930s

Download or read book Chinese Agriculture in the 1930s written by Hao Hu and published by Springer. This book was released on 2019-05-21 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume analyzes land utilization data from farm surveys taken in China between 1929 and 1933. This data, which was the foundation for John Lossing Buck’s seminal work Land Utilization in China (1937), was thought lost to history until rediscovered in 2000. The book presents the first modern analyses of agricultural economics in Republican China using Buck’s micro-data, covering important topics such as nutritional poverty, tenancy issues, land productivity, surplus labor, workers’ incomes, credit supply, and regional differences. Through using modern analytical methods, this book presents a more accurate picture of the agricultural economy in the Republican Era and will be of particular interest to agricultural economists, economic historians, and Chinese studies scholars.

Book China s Agricultural Development

Download or read book China s Agricultural Development written by Xiao-yuan Dong and published by Taylor & Francis. This book was released on 2017-03-02 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies the main challenges Chinese agriculture is confronting and considers how these challenges might be met. The performance of China's agricultural production is comprehensively assessed while the factors that affect agricultural productivity are examined through detailed econometric analysis and up to date nationally representative data.

Book China s Agricultural Development

Download or read book China s Agricultural Development written by Xiao-yuan Dong and published by Ashgate Publishing, Ltd.. This book was released on 2006 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies the main challenges Chinese agriculture is confronting and considers how these challenges might be met. The performance of China's agricultural production and factors that affect agricultural productivity are comprehensively assessed

Book Effects of Credit Constraints on Productivity and Rural Household Income in China

Download or read book Effects of Credit Constraints on Productivity and Rural Household Income in China written by Fengxia Dong and published by . This book was released on 2010 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural production is strongly conditioned by the fact that inputs are transformed into outputs with considerable time lags, causing the rural household to balance its budget during the season when there are high expenditures for input purchases and consumption and few revenues. With limited access to credit, the budget balance within the year can become a constraint to agricultural production. As is the case in many developing countries, Chinese rural households have been suffering from a lack of access to capital. While China is one of the biggest countries in terms of rural areas and agricultural production, few studies have focused on the impact of credit on agriculture in China. Using survey data, this study aims to examine how credit constraints currently affect agricultural productivity and rural household income in China. The study findings suggest that under credit constraints, production inputs, along with farmers' capabilities and education, cannot be fully employed. By removing credit constraints, agricultural productivity and rural household income can be improved.

Book China s Productivity Convergence and Growth Potential A Stocktaking and Sectoral Approach

Download or read book China s Productivity Convergence and Growth Potential A Stocktaking and Sectoral Approach written by Min Zhu and published by International Monetary Fund. This book was released on 2019-11-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.

Book The Farm Credit Problems and Programs of China

Download or read book The Farm Credit Problems and Programs of China written by Chen Tang and published by . This book was released on 1949 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: