scholarly journals What Affects Participation in the Farmland Rental Market in Rural China? Evidence from CHARLS

2019 ◽  
Vol 11 (24) ◽  
pp. 7021
Author(s):  
Yahui Wang
Keyword(s):  
Transaction Costs ◽  
Agricultural Development ◽  
Rural China ◽  
Supply And Demand ◽  
Land Consolidation ◽  
Rental Market ◽  
Land Transfer ◽  
Land Rental ◽  
Land Titling ◽  
The Government

Land fragmentation and the small size of land parcels are still the major bottlenecks for agriculture sustainable development in rural China, and an efficient land rental market could consolidate land plots and realize agricultural management at a moderate scale. However, transaction cost is still the main obstacle of land transfer. It is, therefore, essential to reduce the excessive transaction costs in the process of transfer; the primary task is to identify the roots of transaction costs. In order to accurately identify the sources of transaction costs, a generalized ordered Logit model with thresholds that allowed transaction costs to affect different directions of land transfer was developed using the China Health and Retirement Longitudinal Survey in 2015. The results suggested that the roots of transaction costs presented significant differences regarding the supply and demand of cropland. For the supply of land, the land titling program, land transfer intermediaries, and well-planned roads were the three most important factors that reduced transaction costs. For the demand of land, the three critical measures for reducing the transaction costs were well-planned roads, land consolidation, and the land titling program. The government should continue to push forward the land titling program and land consolidation projects in rural China, especially in hilly and mountainous areas. The infrastructure that greatly restricted agricultural development should be improved at a moderate level and the system of land circulating intermediary services at the township level should be established.

scholarly journals Does the New Rural Pension System Promote Farmland Transfer in the Context of Aging in Rural China: Evidence from the CHARLS

2019 ◽  
Vol 16 (19) ◽  
pp. 3592
Author(s):  
Yahui Wang ◽  
Qingyuan Yang ◽  
Liangjie Xin ◽  
Jingyu Zhang
Keyword(s):  
Pension System ◽  
Rural China ◽  
Supply And Demand ◽  
Participation Rate ◽  
The Elderly ◽  
Rental Market ◽  
Land Transfer ◽  
Land Rental ◽  
The Government ◽  
The Impact

The lack or instability of the pension system for the elderly in rural China has become a paramount obstacle for sustainable land transfer, namely land use right transfer among farmers, in the context of aging. The New Rural Pension System (NRPS), a pilot project that provided basic security for the elderly, was implemented in 10% of counties in 2009 and rapidly promoted nationwide in China. This study evaluates the impact of NRPS on farmland transfer by developing econometric models by employing the China Health and Retirement Longitudinal Study (CHARLS) from 2011 to 2015. The participation rate in NRPS increased from 25.87% in 2011 to 80.85% in 2015, and the participation rate in farmland transfer rose from 11.56% to 24.04%. Everything else being held equal, the probability of farmers who transferred out their land increased by approximately 13% and the land area has been transferred increased by 11.2% due to participation in NRPS, indicating that the NRPS improved the operation efficiency of land rental market. Furthermore, the heterogeneity analysis showed that the probability and area mentioned above had a significant upward trend with the increase of the time and insured amount of participation in NRPS, which reduced dependence on farmland for the elderly and promoted the sustainability of land transfer. The government should further encourage farmers to increase the coverage and insured amount of pension system in the context of aging. Meanwhile, a platform to promote land transfer should be established to provide information about land supply and demand and reduce the transaction cost of land rental market.

Mismatch

2014 ◽  
Vol 6 (2) ◽  
pp. 229-247 ◽  
Author(s):  
Yi Che
Keyword(s):  
Rural China ◽  
Probit Model ◽  
Content Type ◽  
Rental Market ◽  
Land Rental ◽  
Negative Effect ◽  
Farm Survey ◽  
Land Reallocation ◽  
Land Size ◽  
Positive Effect

Purpose – The purpose of this paper is to evaluate the relative impacts of full-scale land reallocation (FLR) and partial-scale land reallocation (PLR) on household land rental behavior in rural China. Design/methodology/approach – Probit model, Tobit model and Semi-parametric model are used to provide empirical evidences. Findings – Drawing upon an unique farm survey in 2003, the authors find that in rural China, FLR is more likely to follow egalitarian rule and PLR takes productivity of households into consideration. Econometric analysis provides two main findings. First, FLR has positive effect on household land rental behavior, possibly because egalitarian FLR creates a mismatch between household agricultural ability and land size and after FLR households have to participate in land rental market to adjust the mismatch. Second, PLR has negative effect on household land rental behavior which supports that land reallocation and land rental market are substitutes (Brandt et al., 2004). Originality/value – The main contribution of this study is to show that FLR and PLR in rural China are motivated by two different rationales (i.e. FLR by egalitarian concerns and PLR by efficiency concerns).

scholarly journals Research on transformation mode of scientific and technological achievements with different transaction costs: taking the electric power industry as an example

2021 ◽  
Vol 336 ◽  
pp. 09016
Author(s):  
Kaiyan Lei ◽  
Meimei Zhang
Keyword(s):  
Transaction Costs ◽  
Supply And Demand ◽  
Electric Power Industry ◽  
Added Value ◽  
Innovation Ecosystem ◽  
Direct Transformation ◽  
External Demand ◽  
Starting Point ◽  
The Government ◽  
And Coping

Technological innovation and achievement transformation are an important starting point for constructing an industrial innovation ecosystem and coping with hindered external demand. This article starts with the ecological chain of technological achievement transformation, constructs a transaction cost and benefit model of three transformation modes of direct transformation, intermediary participation, and co-construction cooperation, and systematically analyses its transaction costs, benefits, application and the value space of the transaction subject of each mode. With the participation of intermediaries and investors, the "government, industry, university, research, and financial agency" achievement transformation service platform not only reduces transaction costs but also greatly increases returns. Using the advantages of big data and blockchain can obtain more added value than other models, bringing more opportunities for both supply and demand.

Drivers of household entry and intensity in land rental market in rural China: evidence from North Henan Province

2016 ◽  
Vol 8 (2) ◽  
Author(s):  
Xiaohuan Yan ◽  
XUEXI HUO
Keyword(s):  
Labor Markets ◽  
Land Tenure ◽  
Design Methodology ◽  
Rural China ◽  
Henan Province ◽  
Rural Land ◽  
Rental Market ◽  
Land Rental ◽  
Rental Markets ◽  
Land Rental Markets

Purpose Economic reforms in rural China have led to the emergence of land and labor markets. The development of rural land rental markets can improve agricultural productivity and equity by facilitating transfers of land to more productive farmers and facilitating the participation in the non-farm economy of less productive farmers. In contrast to the burgeoning development of off-farm labor markets, the development of rural land rental market has lagged. The purpose of this study is to analyze the factors affecting households’ entry and transaction intensity in rural land rental markets, especially the effects of land tenure and off-farm employment. Design/methodology/approach Based on a field survey data of 479 household in Henan Province in 2009, the authors used Cragg’s double hurdle model to identify the determinants for households’ land rental participation and its transaction amount. Findings Off-farm employment is one of main driving factor for household’s land rent-out decision. Tenure insecurity reduces both the propensity and the magnitude of rental market transactions. Land use certificates significantly contribute to participation in land-rental markets and the rental amount. Originality/value This paper treats household land rental market participation as a related two-step process, focusing on both land transfer and its transaction amount. This paper also builds on a broad view, including analysis on both demand and supply side of land rental market.

scholarly journals Land Consolidation for Agricultural Growth in Vietnam

2020 ◽  
Vol 12 (4) ◽  
pp. 83
Author(s):  
Nguyen Thi Thu Huong ◽  
Pham Nguyen My Linh ◽  
Vo Thi Van Khanh ◽  
Nguyen Quang Sang ◽  
Le Hoang Anh ◽  
...  
Keyword(s):  
Agricultural Development ◽  
Agricultural Sector ◽  
Agricultural Land ◽  
Land Consolidation ◽  
Agricultural Product ◽  
Production Scale ◽  
Agricultural Growth ◽  
Brand Building ◽  
Stage Of Development ◽  
The Government

In order to effectively restructure agriculture, comprehensive solutions are needed, in which the solution of agricultural land consolidation and concentration must be accompanied by strong reform of the conditions of agricultural production such as organizing good inputs and outputs markets, brand building and protection, strengthening agricultural product quality management, improving the competitiveness of the agricultural sector, respecting market rules, so that the markets can regulate the production scale and technology applied with the orientation and support of the Government, etc. In this way, Vietnam's agriculture can enter a new stage of development. This paper analyzes the current situation of agricultural land consolidation in Vietnam. The authors have clarified the results as well as limitations in agricultural land consolidation for Vietnam. The cause of the limitations in agricultural land consolidation for Vietnam in recent years and recommendations to promote land consolidation for agricultural development in Vietnam in the near future.

scholarly journals Strategies to Resolve Food Insecurity in Guinea International Cooperation Approaches (Availability: Production, Distribution, and Exchange of Food): A Case Study in Guinea

2020 ◽  
Vol 12 (11) ◽  
pp. 59
Author(s):  
Mamadou Saliou Ly ◽  
Xuecheng Dou
Keyword(s):  
World Bank ◽  
Agricultural Development ◽  
Supply And Demand ◽  
National Income ◽  
General Situation ◽  
African Countries ◽  
Development Capacity ◽  
Per Capita ◽  
The Government ◽  
Historical Practices

The project at hand addresses the existence of food safety problems in Guinea with the major focus being on the general situation about how it can be recovered using an international approach. The stable food in the nation of Guinea is rice, which is why it's per capita consumption is roughly 100 kg annually. Guinea’s economy relies heavily on agriculture as well as other rural activities and besides that, it is richly endowed with minerals whereby the country has both gold and bauxite reserves. The country’s gross domestic product stands at $10.91 billion as per the 2018 report of the World Bank. The 2018 World Bank report shows that GDP per capita of Guinea is $878.60 with its gross national income being $30.58 billion PPP. It for this matter that the paper will cover on the economic situation of the country, its natural resources, the agricultural production, supply and demand, import and distribution, as well as determining the size, importance, and initial judgment of the problem. Additionally, the paper will address past historical practices and problems identified successful experiences of other African countries, and the Chinese experience. It is for this aspect that the government through its relevant bodies should handle the situation using the case of China whereby they have attained food security within the shortest period. The case of Chinese experience is ideal for this paper because they have been in such situations before and thus the reason why the paper focuses on China’s development experience based on Guineas agricultural development capacity-building approach research.

How did land titling affect China’s rural land rental market? Size, composition and efficiency

2019 ◽  
Vol 82 ◽  
pp. 609-619 ◽  
Author(s):  
Wenli Cheng ◽  
Yuyun Xu ◽  
Nan Zhou ◽  
Zaizhong He ◽  
Longyao Zhang
Keyword(s):  
Size Composition ◽  
Market Size ◽  
Rural Land ◽  
Rental Market ◽  
Land Rental ◽  
Land Titling

Land rental market and rural household efficiency in China

2021 ◽  
pp. 1-17
Author(s):  
Jean Paul Chavas ◽  
Guanming Shi ◽  
Xiangyi Meng
Keyword(s):  
Technical Efficiency ◽  
Land Tenure ◽  
Agricultural Sector ◽  
Rural China ◽  
Allocative Efficiency ◽  
Household Level ◽  
Rental Market ◽  
Positive Effects ◽  
Land Rental ◽  
Factor Markets

Abstract Well-functioning factor markets play an important role in improving the performance of the agricultural sector. Our paper examines both technical and allocative efficiencies at the household level, with an application to a cross-section sample of rural households in three provinces of China in 2009. In a first step, we use nonparametric methods to estimate household efficiency. In a second step, we examine econometrically the role of land rental market and its linkages with household-level efficiencies. We find that participation in the land rental market does not affect technical efficiency but has large positive effects on allocative efficiency. This stresses the need to distinguish between technical efficiency and allocative efficiency in the analysis of land tenure issues. The improvements in allocative efficiency from land-leasing contribute to significant increases in household income in rural China.

scholarly journals Choice of Rural Collective Construction Land Sales and Rental Markets at the Theoretical Framework of Williamson’s Transaction Costs: Evidence from Nanhai District, Guangdong Province, China

2021 ◽  
Vol 13 (15) ◽  
pp. 8473
Author(s):  
Ting Zhang ◽  
Ke Huang ◽  
Anlu Zhang
Keyword(s):  
Land Use ◽  
Transaction Costs ◽  
Theoretical Framework ◽  
Asset Specificity ◽  
Market Model ◽  
Construction Land ◽  
Rental Market ◽  
Land Rental ◽  
Rental Markets ◽  
Collective Construction

The rural collective construction land (RCCL) market imperfections, as well as informal regulations, may have contributed to high transaction costs. Well-functioning land markets play an essential role in land-use revenue, land-use efficiency, and land allocation efficiency for the rural collective economic organization (RCEO). Therefore, specific land-use patterns and detailed transaction rules for the land rental market and land sales market, respectively, make a contribution to a suitable market model with lower transaction costs and higher market efficiency. Through an empirical investigation in Nanhai District, Gungdong Province, this article builds on the theoretical framework of Williamson’s transaction costs, where the asset specificity, uncertainty, and transaction frequency have a significant influence on the RCCL market model choice. Probit model results show that (1) the RCEO prefers to choose the land sales market when the RCCL market has higher asset specificity so that the land sales market can counteract transaction costs by creating land revenue for long-term investments. Thus, the land sales market is a more appropriate choice when the trading land is a large area in a great location. (2) The rental market choice is more suitable for the RCCL market with higher transaction uncertainty. Therefore, the RCEO can detail transaction rules for the land sales and rental markets, respectively. We propose that local governments need to announce regulations for the longest contract period and the land development planning (floor area ratio, building density, floor height, etc.) of different land-use types (industrial land and commercial land) for the land sales market and the land rental market.

Sign in / Sign up

Export Citation Format

Share Document