Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

Curbing poverty can surely be deemed to be one of the most eminent objectives on socio-political agendas. Progress in reducing worldwide poverty achieved in to date, however, makes rather sobering reading. China has considerably reduced the number of poor since commencement of economic reforms...

Die Bekämpfung von Armut kann sicherlich als eines der wichtigsten Ziele gesellschaftspolitischer Agenden angesehen werden. Die Bilanz der bisher erreichten Fortschritte bei der Bekämpfung der weltweiten Armut fällt allerdings ernüchternd aus. China reduzierte seit Beginn der ökonomischen...

Economic reform in China helped transform the structure and volume of agricultural production and resulted in significant changes in efficiency and productivity. This paper measures agricultural technical efficiency (TE) and total factor productivity (TFP) in China by allowing producers...

The goal of this study is to assess householdsâ labor allocation in the wake of Chinaâs efforts to develop the rural labor market in a manner that is conductive to its transition to a market economy. Applying the agricultural household model as the theoretical framework, we help to understand...

Using rural household panel data from three Chinese provinces, this paper identifies determinants of long-term poverty and tests the duration dependence on the probability to leave poverty. Special emphasis is given to the selection of the poverty line and inter-regional differences across...

Using rural household panel data from three Chinese provinces, this paper identifies determinants of long-term poverty and tests the duration dependence on the probability to leave poverty. Special emphasis is given to the selection of the poverty line and inter-regional differences across...

The work is devoted to the dynamics of labor market participation of Chinese rural households. Based on a theoretical farm household framework the choice between four distinct labor market participation states is empirically analyzed. Using household data over the period 1995-2002 from the...