Abstract:
This paper investigates the effects of leasing out rural land on relieving the debt burdens of rural households. After controlling for the rise of borrowing demands and the abilities of getting loans caused by the increases of income and wealth, our results show that rural households leasing out rural land are less likely to borrow money and borrow less money, and have less asset-liability ratios and more net wealth, which implies that leasing out rural lands is an effective method to reduce the debt burdens of rural households. Furthermore, the effect is found to be more significant for low-income households and households residing in the middle and west China. Also, leasing out rural land can more significantly reduce the business debt burdens compared with the consumptive debt burdens.
黄宇虹, 樊纲治. 土地经营权流转与农业家庭负债状况[J]. 金融研究, 2017, 450(12): 95-110.
HUANG Yuhong, FAN Gangzhi. The Circulation of Rural Land and Debts of Rural Households. Journal of Financial Research, 2017, 450(12): 95-110.
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