Research On The Agricultural Productivity Increasing Effect Of Land Transfer Proceeds Accrual And Coordination

As an important source of revenue for local governments,land transfer revenue has strongly supported urbanization and industrialization since the tax sharing system,but the proportion of rural areas and farmers sharing the value-added land revenue is low.In 2011,the Ministry of Finance and the Ministry of Water Resources explicitly stipulated that funds for farmland water conservancy construction should be allocated from land transfer proceeds,and provincial governments can decide whether to use part of the funds and the specific proportion.Studying the effect of the policy is beneficial to provide support for further promoting land transfer revenue to support agricultural and rural development.This thesis uses a continuous DID approach to analyze the policy effects of accruing and coordinating farmland water conservancy construction funds on agricultural production,and further explores the effects of the policy on farmers’ income and balanced regional development,respectively.This can provide richer empirical evidence to support the tilting of land transfer proceeds to rural areas,which can help establish a long-term and stable agricultural and rural input and coordination mechanism to promote rural revitalization and coordinated regional development.The factual analysis section details the internal logic of the accrual of funds for agricultural water conservancy construction from land transfer proceeds,and the statistical analysis of the funds for agricultural water conservancy construction that were made public upon request.The scale of accrual can reach 1%-3%of the land transfer revenue,and the better the economic development,the more funds are accrued.In the theoretical part,we analyze the theoretical paths of the accrual and coordination of special funds affecting agricultural production and propose hypotheses.The empirical part uses a continuous DID approach to investigate whether the accrual of funds for farmland irrigation and construction increases grain production and whether the accrual promotes farmers’ income;further,the effect of the coordination of funds for farmland irrigation and construction on grain production and regional balanced development is analyzed.The regression results found that the accrual of special funds played a positive role in grain production and increased farmers’income;provincial coordination was also able to enhance grain production in the province,alleviate the contradiction between supply and demand of funds among different prefecture-level cities in the province,improve the grain production level of the cities being helped,and promote balanced regional development.In addition,the parallel trend assumption is satisfied by the test.The results remain significant after performing the heterogeneity test and robustness test.The study shows that special funds from land transfer proceeds can serve as an important source of funds for optimizing agricultural production,and provincial coordination can also alleviate the contradiction between supply and demand of special funds in the province.Therefore,not only should the accrual of special funds be regulated,but the provincial governments should also set an appropriate proportion of special funds to balance the contradiction between supply and demand.In addition,it is necessary to provide other supporting policies for rural development in order to keep various production factors flowing into rural areas and promote agricultural development and rural revitalization.