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Cited by 314

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The Great Leap Forward: Anatomy of a Central Planning Disaster

Open access
Li, Wei, Yang, Dennis Tao·2005·Journal of Political Economy

Abstract

The Great Leap Forward disaster, characterized by a collapse in grain production and a widespread famine in China between 1959 and 1961, is found attributable to a systemic failure in central planning. Wishfully expecting a great leap in agricultural productivity from collectivization, the Chinese government accelerated its aggressive industrialization timetable. Grain output fell sharply as the government diverted agricultural resources to industry and imposed an excessive grain procurement burden on peasants, leaving them with insufficient calories to sustain labor productivity. Our analysis shows that 61 percent of the decline in output is attributable to the policies of resource diversion and excessive procurement.

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Metadata

Authors
Li, W., & Yang, D. T.
Venue
Journal of Political Economy
Published
2005-08
Volume
113
Issue
4
Pages
840-877
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
OpenAlex
W2162803060
Cited by
314
References
0
FWCI
39.57
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: The Great Leap Forward: Anatomy of a Central Planning Disaster. https://app.cochat.ai/papers/10.1086/430804
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Li, W., & Yang, D. T. (2005). The Great Leap Forward: Anatomy of a Central Planning Disaster. Journal of Political Economy. https://doi.org/10.1086/430804

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