Essays on Allocating Resource in the Chinese Economy

Download or read book Essays on Allocating Resource in the Chinese Economy written by Xiaobo Zhang and published by . This book was released on 2000 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given land allocations to crops and total inputs, a multi-output, multi-input production technology is estimated in the third essay, using the maximum entropy method, to further investigate the potential for growth in grain production. This method is particularly appropriate because it does not require price information, which is usually distorted in a centrally planned economy such as China. The empirical results suggest that China still has the potential for higher grain production by adopting more land saving technologies.