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Credit Constraint and Non-separable Behavior of Rural Households — Evidence from China AgEcon
Zhao, Jianmei; Zhang, Jun.
This article addresses the separability issue in the context of Chinese rural households. Deviating from previous research, our test on separability is embedded in the capital market imperfections and from the perspective of farm living consumption and their production inputs. Our theoretical framework incorporates the credit constraint and predicts both separability and non-separability behavior from rural households. Empirical estimation presents the evidence of non-separability behavior for credit constrained farm families, while independent decisions on farm living consumption and their production inputs exist among unconstrained households. Our overall results reject the separability for financially constraint farm households in China.
Tipo: Presentation Palavras-chave: Credit constraint; Non-separable behavior; Switching regression; Agricultural Finance; Consumer/Household Economics; Q12; Q14; O18.
Ano: 2012 URL: http://purl.umn.edu/123950
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Transfer of Rural Surplus Labor and Vocational Education AgEcon
Zhang, Jun; An, Dong-ping.
The paper introduces about the rural surplus labor transfer. According to the paper, the transfer of rural surplus labor in China presents such fundamental characteristics as randomness and non-thoroughness, scope and field constraint, and hysteretic nature of employment and industrial structure conversion. Besides, the causes of the difficulties in the transfer of rural surplus labor lie in the barriers from the system and policy, structural imbalance of industry and low quality of rural labor. The paper studies the correlation between the quality and the transfer of rural surplus labor in a systematical way from three aspects, which are the correlations between rural labor quality and the transfer difficulty & speed, the transfer scope & field...
Tipo: Journal Article Palavras-chave: Rural surplus labor; Labor quality; Vocational education; China; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/108413
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