Abstract
Chapter 3 provides an examination of the impact of agricultural policies on farm input and product markets under reforms. The way in which agricultural policies evolved lead us to observe that, in the short term, the market structure determined by agricultural reform policies played the decisive role in determining the process of technology selection. Based on an analysis of the interaction between two major determinants of agricultural policy—government’s fiscal budget and agricultural output—this chapter found that China’s post-1979 rural market institutions are not so much examples of market-oriented reforms as evidence of a state-oriented mode based on reform of the pricing system.
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