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• W2386397826 abstract "the reasons for its ultimate breakdown. The evidence suggests granary storage levels were systematically lower in provinces that received more frequent central government disaster relief; and an unintended consequence of disaster relief was that it modified local incentives for self-insurance and led to an incompletely resolved moral-hazard problem. China's experience provides an instructive example of the long-term dynamics present in intergovernmental policies. A prominent institution in the Qing dynasty (1644-1911) was a national system of state granaries. Some granaries were used to hold reserves for military or bureaucratic personnel, but many were also created to help smooth price shocks and food-supply fluctuations for the civilian population. Based on a far-reaching vision of the potential scope and function of the state in helping to provide social security in the event of food crises, these civilian granaries in effect accumulated local-level investments to counter food crises. The operation of the granaries, however, was uneven, and interregional shortfalls in granary stocks at times stood in contrast to the rough uniformity of the guidelines for the civilian granaries under the original plan. This article examines regional differences in the performance of this institution. I depart from conventional interpretations of the principle of the Qing administrative system by making the conflicts of intergovernmental incentives central to the analysis. The argument of the article is as follows. Local authorities at the provincial and subprovincial levels were required to maintain granaries primarily as a reserve in the event of famine. The granaries had to be supported in significant part with local investments, but the central government could not adequately monitor the actions of local offi" @default.
• W2386397826 created "2016-06-24" @default.
• W2386397826 creator A5040077784 @default.
• W2386397826 date "2016-01-01" @default.
• W2386397826 modified "2023-09-27" @default.
• W2386397826 title "Local Granaries and Central Government Disaster Relief Moral Hazard and Intergovernmental Finance in Eighteenth-" @default.
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• W2386397826 hasPublicationYear "2016" @default.
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