Does Corporatization Improve the Development of Rural Collective Economy?Evidence from Zhejiang Province
Exploring new paths for the development of rural collective economy is another core issue following the completion of the rural collective property rights system reform.This study addresses the question of whether the adoption of a modem enterprise system by rural collective economic organizations enhances asset management efficiency and augments the income of the rural collective economy.Utilizing panel data spanning four periods and encompassing 2137 village collective economic organizations,this paper employs a DID model to validate the positive impact of corporatization on the operating income of rural collective economies.Subsequent robustness tests affirm the consistency of this conclusion.Further analysis reveals that the income-boosting effect of corporatization is only significant among collective economic organizations at middle and high-income levels,and collective economic organizations that have achieved a"political and economic separation"exhibit a markedly higher increase in income than others.Mechanism analysis shows that the corporatization of rural collective economic organizations promotes the development of collective economy by improving the efforts of operators and developing industrial economy.In view of this,it is supposed to promote the corporatization of rural collective economic organizations according to local conditions,establish and implement incentive mechanisms and error tolerance and correction mechanisms for operators,actively explore the"political and economic separation"of personnel,and promote the healthy development of new rural collective economy.
Rural Collective EconomyOperating IncomeCorporatization"Political and Economic Separation"Staggered DID
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