TY - JOUR SN - 1012-4195 T1 - Models for Development or Institutional Characteristics?—The Reform of the Tax System and Land Reclamation in the Lower Yangtze Delta in the 15th and 16th Centuries AU - Shi Xie Y1 - 2012/06/01 PY - 2012 DA - 2012/06/01 T2 - Bulletin of the Institute of History and Philology, Academia Sinica JF - Bulletin of the Institute of History and Philology, Academia Sinica JO - Bulletin of the Institute of History and Philology, Academia Sinica JA - Bulletin of the Institute of History and Philology, Academia Sinica VL - 83 IS - 2 SP - 345 EP - 388 KW - Lower Yangtze Delta, agriculture, taxes, land, delta Y2 - 2012/06/01 N2 - Due to the reform of the tax system, a quantity of “wasteland,” which was, in fact, abandoned land appeared in the Lower Yangtze Delta during the 15th and 16th centuries. An analysis of the institutional characteristics of land development and reclamation in the Lower Yangtze Delta area is far more suitable for discussing this phenomenon than models for the “intensive” development of rice-growing deltas. In the second half of the 16th century, several unconventional financial institutions, which succeeded in creating a stable and effective financial system, were developed to solve the wasteland problem. ER -