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	The Economics of Price Scissors: An Empirical Investigation for China
	Justin Lin ; Miaojie Yu
	2012-04-24 ; 2012-04-24
关键词	China Price Scissors Trade Political Economy
中文摘要	The Sah-Stiglitz "Economics of Price Scissor" model, concerning the political economy of price scissors, formulates the optimal terms of trade against peasants. In the present paper, by extending their model to an open economy and allowing agricultural rationing, we first check whether their model stands up to China’s data and, if so, estimate its key structural parameters. Using a province-level panel data over the years 1949-1992, we find that the weight of peasants in the government’s welfare objective function is smaller than the weight of workers. In addition, the weight of current consumption is also smaller than that of future investment. Such findings are consistent with China’s reality.
语种	英语
内容类型	期刊论文
源URL	[http://ir.calis.edu.cn/hdl/211010/3909]
专题	北京大学
推荐引用方式 GB/T 7714	Justin Lin,Miaojie Yu. The Economics of Price Scissors: An Empirical Investigation for China[J],2012, 2012.
APA	Justin Lin,&Miaojie Yu.(2012).The Economics of Price Scissors: An Empirical Investigation for China..
MLA	Justin Lin,et al."The Economics of Price Scissors: An Empirical Investigation for China".(2012).

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