Farmers Returning Hometown for Entrepreneurship:Evidence from the New Round of China's Land Titling
Based on the unique context of farmland system reform in rural China,this paper uncovers the roots of the prop-erty rights system behind entrepreneurial behavior.Based on 2016-2018 panel data detailing employment information of all members of each rural household in Yangshan County,Guangdong Province,we employ a generalized DID model to identify the impact of land titling on households'county-wide entrepreneurship.Our findings are as follows:(1)Land titling broadens the op-portunities for households to start businesses in the county.It particularly motivates rural political and economic elite households to start a business,whereas cultural elite households are unable to launch local businesses due to a lack of capital.(2)Land ti-tling promotes the market-oriented allocation of land and labor,which improves the local entrepreneurial environment and at-tracts rural elite household members to return to their hometowns for entrepreneurship.Moreover,land titling has no substantial effect on the survival cycle of such entrepreneurial activity,implying that its impact is unlikely to be the consequence of local of-ficials pursuing political achievements.(3)These entrepreneurial activities create many job opportunities,the intensity of which follows a"difference sequence pattern".This evidence reveals that the entrepreneurial logic of land rights reform is a significant motivator for households to shift from urban-rural migration to local entrepreneurship.
Land TitlingRural Households'EntrepreneurshipEntrepreneurial EnvironmentRural Elite ReturnEn-trepreneurial Spirit
万方数据
维普
