The Influence of Farmland Capital Endowment on Non-farm Entrepreneurial Behavior of Rural Households——An Analysis of"Land Stickiness"and"Capital Incentive"Effects
This paper constructs an influence mechanism of farmland capital endowment on rural households'non-farm entrepreneurship from the perspective of farmers'optimal labor supply.It proposes two impact paths,namely"land stickiness"and"capital incentive",and empirically tests them by using data from the China Household Finance Survey(CHFS).The results show that:(1)Owning land cap-ital increases the likelihood of households engaging in non-farm entrepreneurship by 1.31％.(2)The size and value of land capital both have a significant"U-shaped"effect on non-farm entrepreneurship of ru-ral households.(3)There are two impact paths of land capital size on non-farm entrepreneurial behavior of rural households,mainly presented as"land stickiness"and"capital incentive".When the size of land capital is low,it primarily shows a"land stickiness"effect,where an increase in land capital size suppres-ses the non-farm entrepreneurial behavior of households.However,when the land capital size reaches a critical value(9.33 mu,approximately 6220 m2),it mainly exhibits a"capital incentive"effect,where an increase in land capital size promotes the non-farm entrepreneurial behavior of households.
Farmland capital endowmentFarmers entrepreneurshipLand stickinessCapital in-centive
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