THE CHANGE OF LAND SYSTEM AND THE ANALYSIS OF ECONOMIC DEVELOPMENT IN CHINA AFTER 1978

UDC 332.01
DOI: 10.36871/ek.up.p.r.2023.12.02.006

Authors

Chen Chen,
Southern Federal University, Faculty of Economics, Rostov-On-Don, Russia

Abstract

China’s land property rights system has undergone great changes since 1978, when the private economy began to be allowed to own land. From the empirical point of view, combining with the changes of China’s rural land property right system and land economy since 1978, this paper puts forward theoretical hypotheses: the changes of land property right system will promote the development of local economy; Economic and social transformation plays a positive intermediary role in the process of land property rights system change promoting local economic development. The data of China’s upgrade panel from 1980 to 2017 are collected and the hypothesis is demonstrated according to the output results of the model. The final conclusion of this paper is that the change of land property rights system plays a promoting role in the process of economic development in various parts of China.

Keywords

China’s rural land property rights, land property rights, land economy, economic development.