Purpose – The purpose of this paper is to examine the multiplier effects of the grain subsidy program in China, which is a large food self-sufficiency project that is implemented as a cash transfer program. Income multiplier effects have not been empirically examined in the evaluation of the...

This study examined the effects of China’s grain subsidy program, the largest food self-sufficiency project of all developing countries, on grain-sown areas within the context of liquidity constraints. A large household-level panel was used to evaluate how the subsidy program affected the...