Asymmetric property rights in China's economic growth
This paper highlights the difference between secure investor property rights and loosely defined individual property rights. Globalization and fiscal decentralization have intensified this difference. On the one hand, in the presence of mobile foreign direct investments and under the arrangement of...
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2006
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/160364 |
| _version_ | 1855539796363968512 |
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| author | Zhang, Xiaobo |
| author_browse | Zhang, Xiaobo |
| author_facet | Zhang, Xiaobo |
| author_sort | Zhang, Xiaobo |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper highlights the difference between secure investor property rights and loosely defined individual property rights. Globalization and fiscal decentralization have intensified this difference. On the one hand, in the presence of mobile foreign direct investments and under the arrangement of fiscal decentralization, local governments compete vigorously to offer various protections on the property rights of investors; on the other hand, local governments and developers attempt to acquire land at as low price as possible by taking advantage of the loopholes inherent in the Chinese law. Secure investor property rights together with weak protections on individuals’ land property rights is argued to be one of the major drivers of China’s rapid economic growth. But the same factor can veer those individuals being deprived of land into violence and social unrest, which may undermine China’s social stability and long-term sustainable growth. |
| format | Artículo preliminar |
| id | CGSpace160364 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2006 |
| publishDateRange | 2006 |
| publishDateSort | 2006 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1603642025-11-06T07:22:23Z Asymmetric property rights in China's economic growth Zhang, Xiaobo property rights economic growth individual land property fiscal policies decentralization This paper highlights the difference between secure investor property rights and loosely defined individual property rights. Globalization and fiscal decentralization have intensified this difference. On the one hand, in the presence of mobile foreign direct investments and under the arrangement of fiscal decentralization, local governments compete vigorously to offer various protections on the property rights of investors; on the other hand, local governments and developers attempt to acquire land at as low price as possible by taking advantage of the loopholes inherent in the Chinese law. Secure investor property rights together with weak protections on individuals’ land property rights is argued to be one of the major drivers of China’s rapid economic growth. But the same factor can veer those individuals being deprived of land into violence and social unrest, which may undermine China’s social stability and long-term sustainable growth. 2006 2024-11-21T09:50:36Z 2024-11-21T09:50:36Z Working Paper https://hdl.handle.net/10568/160364 en Open Access application/pdf International Food Policy Research Institute Zhang, Xiaobo. Asymmetric property rights in China's economic growth. DSGD Discussion Paper 28. International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/160364 |
| spellingShingle | property rights economic growth individual land property fiscal policies decentralization Zhang, Xiaobo Asymmetric property rights in China's economic growth |
| title | Asymmetric property rights in China's economic growth |
| title_full | Asymmetric property rights in China's economic growth |
| title_fullStr | Asymmetric property rights in China's economic growth |
| title_full_unstemmed | Asymmetric property rights in China's economic growth |
| title_short | Asymmetric property rights in China's economic growth |
| title_sort | asymmetric property rights in china s economic growth |
| topic | property rights economic growth individual land property fiscal policies decentralization |
| url | https://hdl.handle.net/10568/160364 |
| work_keys_str_mv | AT zhangxiaobo asymmetricpropertyrightsinchinaseconomicgrowth |