Impact of the Pilot Returning-Home Entrepreneurship Policy on Rural Revitalization:Empirical Evidence from County-Level Panel Data
The pilot of the returning-home entrepreneurship policy has been instrumental in promoting China's rural economy from a'labor-driven'model to an'entrepreneurial'model.This shift is crucial for enhancing farmer incomes,rural development,and industrial advancement.Therefore,it can serve as a vital lever towards rural revitalization.The article treats the returning-home entrepreneurship pilot policy as a quasi-natural experiment.Drawing on the panel data of 2045 counties from 2011 to 2020,it employs a difference-in-differences model to investigate the policy's impact and mechanisms on rural revitalization.The findings indicate that the returning-home entrepreneurship pilot policy significantly fosters rural revitalization.This is primarily achieved through upgrading of industrial structure and developing the rural collective economy.Heterogeneity analysis reveals that the policy effectiveness is pronounced in Western China,Northeastern China,and the former national impoverished counties,whereas it is less significant in Eastern China,Central China,and counties not previously classified as impoverished.Based on these findings,the article recommends further improving the support system for the returning-home entrepreneurship pilot policy,and attracting the elites including migrants,college graduates,and veterans to start up business in their hometowns.
NETL
NSTL
万方数据
