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  1. Library Resource
    January, 2015

    This paper uses farm panel data from
    China to examine the dynamics of land transactions, machine
    investments, and the demand for machine services. Recently,
    China's agriculture has experienced a large expansion
    of machine rentals and machine services provided by
    specialized agents, which has contributed to mechanization
    of agricultural production. The empirical results show that
    an increase in nonagricultural wage rates leads to expansion

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