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China's grain economy : the challenge of feeding more than a billion

Author: Liming Wang
Publisher: Aldershot [England] ; Burlington USA : Ashgate, ©2000.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"This book is the first attempt to impose a detailed but accessible economic analysis on China's grain supply and demand. Following the construction of rigorous models which take account of the special features of the Chinese grain economy, especially the effects of government policies, it makes projections of China's grain supply, demand and trade to the year 2010. The most recent policy changes and data up to the  Read more...
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Additional Physical Format: Online version:
Wang, Liming.
China's grain economy.
Aldershot, [England] ; Burlington USA : Ashgate, ©2000
(OCoLC)651854524
Document Type: Book
All Authors / Contributors: Liming Wang
ISBN: 1855219573 9781855219571
OCLC Number: 42790677
Notes: "Chung-kuo liang shih ching chi: yang huo shih chi i jen k'ou ti t'iao chan"--Cover.
Description: xvii, 230 pages : illustrations ; 23 cm
Contents: 2 Government Policy and Agricultural Development 7 --
Role of Agriculture in China's Economic Development 9 --
Product Contribution 9 --
Market Contribution 12 --
Factor Contribution 15 --
Foreign Exchange Contribution 19 --
Rural Institutional Changes 20 --
Land Reform in the Reconstruction Period, 1949-52 20 --
Period of Rural Collectivisation, 1952-57 22 --
People's Communes, 1958-61 24 --
System of "Three-Level Ownership with the Team as the Basic Unit", 1962-77 25 --
Household Responsibility System (HRS) Since 1978 27 --
Institutional Innovations Since the Mid-80s 28 --
Development and Reform of the Agricultural Marketing System 34 --
Historical Outline 35 --
Central Issues of Agricultural Marketing System Reform 41 --
Recent Developments in the Grain Marketing System 56 --
3 Grain Supply and Demand in China: A Theoretical Framework 66 --
Theory of Supply 66 --
A Graphical Analysis of Producer's Supply 70 --
Semi-Commercial Grain Producer's Supply 70 --
Supply Schedule Under the Influence of Government Grain Policy 72 --
Mathematical Modelling of Farm Household Supply 76 --
Theory of Demand 84 --
A Graphical Analysis of Urban Consumer Demand 87 --
Mathematical Modelling of Urban Consumer Demand 92 --
4 Grain Supply Response Analysis 96 --
Overview of Grain Supply Response Literature 96 --
Selecting an Analytical Approach 103 --
Nature of Grain Production and Policy Interactions 106 --
Model Specification, Estimation and Data Sources 113 --
Model Specification 113 --
Data Sources and Model Estimation 118 --
Grain Sector as a Whole 118 --
Individual Grain Crops 123 --
A Comparison of the Pre and Post Reform Periods 126 --
5 Domestic Grain Demand Analysis 133 --
Previous Modelling Efforts 133 --
Important Features of Grain Demand in China 139 --
Income Growth and Food Consumption Patterns 139 --
Rationing and Food Grain Demand 145 --
Grain Output and Food Grain Demand 149 --
Food Grain Demand 152 --
Model Specification and Variables 152 --
Model Estimation and Results 159 --
Other Uses of Grain 165 --
Feed Grain 166 --
Industrial Uses of Grain 168 --
Seed Grain 170 --
6 Projections and Trade Implications 175 --
Projections of Grain Production 176 --
Total Crop Sown Acreage 176 --
Assumptions for the Projection of Grain Sown Acreage 180 --
Assumptions for the Projection of Grain Yield 184 --
Results of Output Projection 187 --
Projections for Grain Demand 190 --
Food Grain Demand 191 --
Projections of Other Uses of Grain 195 --
Aggregate Demand for Grain 198 --
Implications for Grain Trade 199 --
History of Grain Trade 199 --
Role of Grain Trade 203 --
Prospects for China's Grain Trade 205 --
7 Legacy, Triumph and Challenge 214 --
Producer Supply Behaviour 215 --
Consumer Demand 216 --
Projections 217 --
Land Reforms 219 --
Rural Industrialisation 220 --
A Mathematical Derivation 222 --
A.1 Solution of the first order conditions 222 --
A.2 Deriving the expression 3.28 and 3.31 225.
Responsibility: Liming Wang and John Davis.

Abstract:

The level and stability of China's grain supply and demand have important effects on both the Chinese national economy and the world grain market. This text offers a theoretical and empirical  Read more...

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