How Does the Reform of Collective Operating Construction Land into the Market Promote the Integrated Development of Rural Industrial Integration? Empirical Evidence from China

Xingyu Huang

doi:10.6981/FEM.202407_5(7).0013

Authors

Xingyu Huang

DOI:

https://doi.org/10.6981/FEM.202407_5(7).0013

Keywords:

Market Access Reform; Rural Industrial Integration; Land System Reform; Multi-Temporal Double-Difference Method.

Abstract

An investigation into the impact of the market entry of collective operating construction land on the integrated development of rural three industries could provide a reference point for the policy system to accelerate the formation of new quality agricultural productivity. This paper employs a multi-temporal DID model to test the impact of the market entry reform on the integrated development of the rural three industries from the perspectives of the development of the financial market, the establishment of the e-commerce platform, the growth of non-farm employment and the development of the non-farm industry. The results indicate that the level of rural industrial integration in pilot counties (districts) is significantly higher than in non-pilot counties (districts) in the context of the market entry reform. This conclusion remains robust following multiple robustness tests. Furthermore, the promotion effect of the market entry reform is more pronounced in agricultural counties, non-food-producing regions, county-level cities. Furthermore, the impact of the market entry reform on rural industrial integration is greater in areas of higher levels of economic development, in areas with younger demographic structures and higher education levels, and over time. The greater the impact, the greater the policy effect, which tends to grow over time. It is therefore of great importance to recognise the significant supporting role of land elements in the integration of rural industries. In order to accelerate this process, it is necessary to further expand the pilot scope and promotion of the market entry reform.

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