The Research Of Farmer’s Property Income In China Based On The Perspective Of Institutional Innovation

Along with the advancement of urbanization and the growth of farmers’total property, property income increasingly become a significant part of the constituents of farmers’income in our country. In the future, to achieve the goal of doubling of farmers’ income need fully developing the growth potential of property income. Study the farmers’ property income, therefore, to explore the growth path of farmers’property income is not only activating the farmers’property resources, letting farmers to share the reform development dividend what the reality needs, at the same time, to enrich and develop Marx’s income distribution theory and the structure of farmers’income has theory significance. This article will from the perspectives of institutional innovation systematically study Chinese farmers’property income.On the basis of deeply discussion on the institutional innovation and residents’property income theory, this paper analyzes the connotation, essence, characteristics and implementation conditions of farmers’ property income, revealing the mechanism of institutional innovation action act on farmers’property income, and then constructing the institutional analysis framework of farmers’property income based on the formal institution and informal institution.Under this framework, the paper combed the historical evolution of Chinese farmers’property income in the institutional change, as well as its status of recent development, besides, analyses the formal and informal institutional factor, which currently restrict the growth of farmers’property income in our country. In my view, the formal institutional barriers in our country, such as current income distribution institution, the rural land institution, rural financial institution and the institution of endowment insurance and so on, restrict the implementation of farmers’property rights, and then limit the growth of farmers’property income. At the same time, the informal institutional obstacles such as ideology system, regional culture and the investment habit also have a subtle influence on farmers’property income. To break through the institutional barriers, promote the growth of farmers’property income, many places has carried on the exploration of institutional innovation practice. This article selects Shaxian in Fujian province, Chengdu in Sichuan province as typical cases, summarizes both experiences on increasing farmers’property income by taking institutional innovations. On this basis, this article puts forward the institutional innovation path to increase Chinese farmers’ property income, stress on the innovation of income distribution institution, the rural land circulation mode, the rural financial organizations and financial products, also using the informal institutional innovation as the supplement of formal institutional innovation to overcome the obstacles which restrict the growth of farmers’property income, and pay attention to define the main body role in the process of institutional innovation.