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http://hdl.handle.net/10397/2338
Title: | Understanding China's grain procurement policy from a perspective of optimization | Authors: | Shea, YPE | Issue Date: | Dec-2010 | Source: | China economic review, Dec. 2010, v. 21, no. 4, p. 639-649 | Abstract: | This paper develops an optimization model to analyze the policy formulation under China's dual-track grain procurement system. By capturing the redistribution objective and the urban food security objective in a political preference function, we provide some rigorous explanations of three important aspects of China's grain policies: the choice of the dual-track procurement system over the lump-sum tax scheme as a means of extracting economic surpluses from the grain sector; the suppression of the procurement price to its minimum until the mid-1990s; and the switch from taxing to subsidizing grain production at end-1996. Our findings underscore the paramount importance of the urban food security objective behind the evolution of China's grain procurement policy, including the liberalization of the system in the 2000s. | Keywords: | China Grain procurement policy Political preference function Sectoral income distribution Food security |
Publisher: | Elsevier | Journal: | China economic review | ISSN: | 1043-951X | DOI: | 10.1016/j.chieco.2010.07.002 | Rights: | China Economic Review © 2010 Elsevier. The journal web site is located at http://www.sciencedirect.com. |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
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China's Dual-track Grain Procurement Policy _for PolyU library_.pdf | Pre-published version | 316.82 kB | Adobe PDF | View/Open |
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