Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.

The purpose of this paper is to examine the impact of village debt on land transfer. Based on the county-level panel data of village finance and land transfer in 90 counties and 4 economic development zones of Zhejiang Province from 2013 to 2017, this paper carried out multivariate statistical analy...

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Autores principales:	Chunhui Ye, Suwen Zheng, Edward Gu
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/98891977e862403491a91c3cc9bd8771
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spelling	oai:doaj.org-article:98891977e862403491a91c3cc9bd87712021-12-02T20:08:52ZPositive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.1932-620310.1371/journal.pone.0255072https://doaj.org/article/98891977e862403491a91c3cc9bd87712021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0255072https://doaj.org/toc/1932-6203The purpose of this paper is to examine the impact of village debt on land transfer. Based on the county-level panel data of village finance and land transfer in 90 counties and 4 economic development zones of Zhejiang Province from 2013 to 2017, this paper carried out multivariate statistical analysis and set a fixed effect model to control the endogenous influence of region and time. It found that village debt as a pressure may encourage village committees to promote rural land transfer, and then especially promote land flows into agricultural firms; as a mechanism, the burden of village organization's transactional debt (historical debt and administrative debt) is the key to promoting the rural land flow to agricultural enterprises; through further analysis, it is found that the village committee seeks "win-win" opportunities by intervening in land circulation to ensure the rights and interests of farmers and to obtain village benefits from them. This paper finds that this kind of push effect has the threshold, the debt will play a significant role in promoting when the debt rate is between 4.65% and 7.9%. In addition, there is regional heterogeneity in the contribution of debt, which exists only in plain, non-coastal and high-dependence areas. The results of this paper verify the view that "community mechanism and market mechanism are embedded and supported each other in acquaintance society" in the theory of community governance. In practice, it provides a realistic basis for policy makers to implement the policy of encouraging farmland circulation and properly deal with the problem of village debt.Chunhui YeSuwen ZhengEdward GuPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 7, p e0255072 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Chunhui Ye Suwen Zheng Edward Gu Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.
description	The purpose of this paper is to examine the impact of village debt on land transfer. Based on the county-level panel data of village finance and land transfer in 90 counties and 4 economic development zones of Zhejiang Province from 2013 to 2017, this paper carried out multivariate statistical analysis and set a fixed effect model to control the endogenous influence of region and time. It found that village debt as a pressure may encourage village committees to promote rural land transfer, and then especially promote land flows into agricultural firms; as a mechanism, the burden of village organization's transactional debt (historical debt and administrative debt) is the key to promoting the rural land flow to agricultural enterprises; through further analysis, it is found that the village committee seeks "win-win" opportunities by intervening in land circulation to ensure the rights and interests of farmers and to obtain village benefits from them. This paper finds that this kind of push effect has the threshold, the debt will play a significant role in promoting when the debt rate is between 4.65% and 7.9%. In addition, there is regional heterogeneity in the contribution of debt, which exists only in plain, non-coastal and high-dependence areas. The results of this paper verify the view that "community mechanism and market mechanism are embedded and supported each other in acquaintance society" in the theory of community governance. In practice, it provides a realistic basis for policy makers to implement the policy of encouraging farmland circulation and properly deal with the problem of village debt.
format	article
author	Chunhui Ye Suwen Zheng Edward Gu
author_facet	Chunhui Ye Suwen Zheng Edward Gu
author_sort	Chunhui Ye
title	Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.
title_short	Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.
title_full	Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.
title_fullStr	Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.
title_full_unstemmed	Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.
title_sort	positive effect of village debt on land transfer: evidence from county-level panel data of village finance in zhejiang province.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/98891977e862403491a91c3cc9bd8771
work_keys_str_mv	AT chunhuiye positiveeffectofvillagedebtonlandtransferevidencefromcountylevelpaneldataofvillagefinanceinzhejiangprovince AT suwenzheng positiveeffectofvillagedebtonlandtransferevidencefromcountylevelpaneldataofvillagefinanceinzhejiangprovince AT edwardgu positiveeffectofvillagedebtonlandtransferevidencefromcountylevelpaneldataofvillagefinanceinzhejiangprovince
_version_	1718375138770026496

Positive effect of village debt on land transfer: Evidence from county-level panel data of village finance in Zhejiang Province.

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