土地经营权流转与农业家庭负债状况

Journal of Financial Research

2017, Vol. 450

Issue (12): 95-110 DOI:

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The Circulation of Rural Land and Debts of Rural Households

HUANG Yuhong, FAN Gangzhi

Survey and Research Center for China Household Finance, Southwestern University of Finance and Economics;
School of Management, Guangzhou University

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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.

Key words： Rural Land Circulation Leasing Out Rural Land Debt Burdens

Received: 21 March 2017 Published: 02 April 2018

JEL分类号:	Q15
	Q12
	D10

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HUANG Yuhong,FAN Gangzhi. The Circulation of Rural Land and Debts of Rural Households[J]. Journal of Financial Research, 2017, 450(12): 95-110.

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http://www.jryj.org.cn/EN/ OR http://www.jryj.org.cn/EN/Y2017/V450/I12/95

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