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Keywords: Liquidity constraint
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Journal Articles
Cash transfers and multiplier effect: lessons from the grain subsidy program in China
Available to Purchase
Journal:
China Agricultural Economic Review
China Agricultural Economic Review (2016) 8 (1): 81–99.
Published: 01 February 2016
... be interpreted as the shadow value of relaxing liquidity constraints and could be particularly utilized by households with more farming land and farmers in less developed regions in China. Hence, to maximize the income multiplier effect, the grain subsidy distribution method should consider these criteria...
