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Getting food prices right: the state versus the market in reforming China, 1979–2006

Du, Jane and Deng, Kent (2017) Getting food prices right: the state versus the market in reforming China, 1979–2006. European Review of Economic History, 21 (3). pp. 302-325. ISSN 1361-4916

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Identification Number: 10.1093/ereh/hex005

Abstract

This article examines the role of China’s gradual reforms in fostering food production by causally assessing China’s state policies of food market-rebuilding. To this aim we collect policy material on government food pricing, subsidies and procurement fund from central documents over the period of 1979-2006 and construct a dataset of policy implementation cost for estimation. Our causality test results indicate that fluctuations in food production were unidirectionally caused by food policy transformations determined by the “visible hand” of China’s reformist state aiming to guide the economy towards a simulated, price based market signal system.

Item Type: Article
Official URL: https://academic.oup.com/ereh/issue/21/3
Additional Information: © 2017 The Authors
Subjects: D History General and Old World > DS Asia
H Social Sciences > HN Social history and conditions. Social problems. Social reform
J Political Science > JQ Political institutions Asia
Sets: Departments > Economic History
Date Deposited: 20 Oct 2017 13:28
Last Modified: 27 Oct 2017 10:35
URI: http://eprints.lse.ac.uk/id/eprint/84869

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