The Impact Of Rural Collective Property Rights Reform On Farmers’ Income

The reform of the rural collective property rights system is an important component of Three Rural Areas,which is carried out by the Ministry of Agriculture and Rural Affairs and other relevant departments.The promotion of farmers’ income growth is also a matter of farmers’ well-being and is the focus of the Three Rural Areas work.Among the economic and social systems that affect China’s rural economic indicators of farmers’ income,the property rights system is the system with the most profound impact.In recent years,the Party and the government have attached great importance to the reform and have issued a large number of policy documents to guarantee the smooth implementation of the reform.From the No.1document of the Central Government in 2010,which first proposed to allow and encourage places where conditions permit to take the lead in carrying out reforms,to the document issued by the Central Government in 2016,which proposed to gradually realize the reform with clear attribution,complete rights and perfect legal protection through unremitting efforts,to the No.1 document of the Central Government in 2022,which pointed out that the current reform achievements need to be further consolidated.The document was issued by the Central Government in 2016,which stated that through unremitting efforts,we should gradually realize the reform with clear ownership,complete rights and perfect legal protection,and then the document No.1 of the Central Government in 2022,which pointed out that the current reform achievements need to be further consolidated,and that China has made significant progress in the reform.So,can the reform effectively promote farmers’ income growth? What is the mechanism of action behind it?To answer this question,this thesis firstly uses the rural collective property rights system reform policy as a quasi-natural experiment,based on Chinese county panel data from 2010-2018,using the double difference method,to assess the rural This thesis uses a double difference method to assess the impact of the reform on farmers’ income in China.Specifically,the thesis firstly uses a double difference model to estimate the effect of the reform on farmers’ income,then uses various methods to test the robustness of the results and explore the mechanism behind the effect,and finally conducts a heterogeneity analysis with respect to the region and the level of financial power respectively.Secondly,this thesis selects four counties as typical cases for analysis,analysing the relevant measures they have implemented since becoming pilot reformers and the initial results they have achieved.The findings of this thesis are as follows:First,the results of the benchmark regressions suggest that the reform has a significant farmer income-raising effect,raising rural residents’ per capita disposable income by 6.2% on average.The basic conclusion that the reform has an income-increasing effect on farmers still holds after a series of robustness tests including propensity score matching-double difference method,placebo test,excluding the interference of outliers,adjusting the sample window period,excluding the 2018 pilot counties and adding a one-period lag term.Secondly,the heterogeneity analysis shows that the income-increasing effect of the policy is related to the The heterogeneity analysis shows that the effect of the policy on increasing farmers’ income is related to the regions to which the policy belongs,with the eastern regions being stronger than the central and western regions and the northeastern regions;the effect of the policy on increasing income is related to the level of financial resources,with the effect of the policy on increasing farmers’ income being more pronounced in regions with higher levels of financial resources.Third,the mechanism analysis shows that the reform has a significant effect on the industrial structure,rural employment and fiscal revenue and expenditure,indicating that the reform.Thirdly,the mechanism analysis shows that the reform has a significant effect on the industrial structure,rural employment and fiscal revenue and expenditure,indicating that the reform promotes farmers’ income increase mainly through optimizing the industrial structure,promoting stable employment of rural labourers and improving fiscal revenue and expenditure.Based on the above findings,this thesis makes the following recommendations.Firstly,we should further enhance the implementation capacity of the and write the second half of the article of the reform.While consolidating the achievements of the previous reforms,it is necessary to accelerate the reform process across the country and promote its further deepening,so as to facilitate the reasonable and free flow of economic factors at the institutional level,while also providing reasonable protection and development for the rural collective economy.Secondly,we should adopt a differentiated approach to reform and develop regional reform programmes tailored to local conditions.The eastern region,as one of the regions where the reform started earlier,should seize new breakthroughs under new conditions and strive for rapid development,not only to complete the "prescribed actions" but also to increase the "optional actions";while for the central and western regions and the northeastern region,which started later,the For the less developed areas in the mid-west and northeast,we should do a solid job of identifying the members of collective organisations,clearing the collective assets and other basic work,so as to lay a solid foundation for the subsequent work of collective economic organisations to carry out reform of the shareholding system of business assets and further increase the income of farmers.Thirdly,further improve the ways in which farmers’ incomes can be boosted.As optimising the industrial structure,promoting stable employment of rural labour and improving fiscal revenues and expenditures are the main ways in which the reform of the rural collective property rights system can promote farmers’ income,the government should take measures to further improve these ways so that they can increase farmers’ income to a greater extent.