RT Journal Article
SR Electronic
T1 Post-reform Forestland Markets in China
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 211
OP 234
DO 10.3368/le.91.2.211
VO 91
IS 2
A1 Siikamäki, Juha
A1 Ji, Yonjie
A1 Xu, Jintao
YR 2015
UL http://le.uwpress.org/content/91/2/211.abstract
AB Land markets developed rapidly in China after agricultural land tenure reforms, but not after forest reforms. We surveyed farmers in three provinces to examine the post-reform forestland markets and options to strengthen them. Using household choice experiments, we estimate land market demand and supply under alternative contractual arrangements. Our findings are consistent with the currently thin markets but also suggest that alternative institutional and contractual conditions could support broader participation in land markets. Strengthening property rights on forestland emerges as an especially effective possible policy instrument. We illustrate its predicted effects on equilibrium rental rates and market participation. (JEL O13, Q23)