Abstract
Promoting the coordinated development of new agricultural business entities and small farmers is an important way to realize rural revitalization. It is undoubtedly of great significance to clarify the impact and its mechanism of new agricultural business entities on the economic welfare of farmers’ families. Based on the 2015 China Household Finance Survey (CHFS) data, this paper builds a theoretical analytical framework of “new agricultural business entities—non-agricultural employment and agricultural output—economic welfare of farmers’ family”. From the intermediary perspective of the non-agricultural employment and agricultural output, it empirically tests the impact of new agricultural business entities on the economic welfare of farmers’ families by combining the analysis methods of the benchmark regression and intermediary effect. The research shows that: (1) New agricultural business entities promote the improvement of the economic welfare of farmers’ families. The specific manifestation is that the existence of new agricultural business entities can not only increase the per capita annual income of farmers’ families, but also promote the per capita consumption expenditure of farmers’ families in the village. (2) Non-agricultural employment and agricultural output have a significant mediating effect in the impact of new agricultural business entities on the economic welfare of farmers’ families. (3) In addition to key variables, variables such as education, political status, and family status are also key factors affecting the economic welfare of farmers’ families. Finally, this paper puts forward some policy recommendations such as cultivating high-quality new agricultural business entities, strengthening farmers’ technical training, and optimizing rural residents’ policies.
Highlights
Since the founding of the People’s Republic of China, China’s rural economic development has achieved a historic leap, the agricultural and rural landscape has undergone earth-shaking changes
This study mainly focuses on addressing two research questions: First, what is the relationship between the new agricultural business entities and the economic welfare of farmers’ families? Second, if there is a relationship, what is the impact mechanism of the new agricultural business entities on the economic welfare of farmers’ families? In this way, it can be judged whether the current new agricultural business entities really improve the economic welfare of farmers’ families
The contents of the questionnaire include the new agricultural business entities, family characteristics, agricultural production, operation characteristics, etc., which provide the basis for this study
Summary
Since the founding of the People’s Republic of China, China’s rural economic development has achieved a historic leap, the agricultural and rural landscape has undergone earth-shaking changes. The lag of agricultural development is still an important factor restricting China’s social and economic development. The state has issued a series of policies and measures to cultivate and develop new agricultural business entities. With the continuous emergence of new agricultural business entities, it has become the backbone to promote the revitalization of rural industries. Will the new agricultural business entities in the countryside improve the economic welfare of local farmers’ families? Whether farmers can enjoy the dividends brought by the new agricultural business entities directly affects farmers’ support for this policy. It is important to deeply analyze the impact of new agricultural business entities on the economic welfare of farmers’ families
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