Management Right Transfer of Rural Land，Financial Support to Rural Areas，and Rural Residents' Income
ZHANG Jian-ping1，2 ，YU Jin-jing1 and HOU Jing-yi1
（1.Business School，Nanjing University，Nanjing 210093，Jiangsu，China；2.Business School，Jiangsu Second Normal
University，Nanjing 211200，Jiangsu，China）
Abstract：Management right transfer of rural land helps increase rural financial supply and makes great contribution to rural revitalization. It is significant to explore the mechanism and effect of rural land management rights transfer on rural residents' income from the perspective of rural financial support. Based on the panel data of 30 provinces in China（excluding Hong Kong， Macao，Taiwan and Tibetan regions）from 2005 to 2020，and with the help of Spatial Doberman Model (SDM)，the authors quantitatively analyze the direct impact of management right transfer of rural land on rural residents' income and the spatial spillover effect；and they also explore the mechanism of the effect of management right transfer of rural land on rural residents' income from the perspective of financial support to rural areas. The results show that ：management right transfer of rural land has a significant positive impact on the income of rural residents ，and this effect is greater in areas with higher agricultural productivity；there is the spillover effect in the effect of management right transfer of rural land on rural residents' income ，and management right transfer of local rural land is helpful for the improvement of rural residents' income in neighboring areas ；and management right transfer of rural land improves rural residents' income mainly by highlighting the financial capital attribute of rural land and strengthening financial support to rural areas. Therefore ，promoting management right transfer of rural land can not only directly improve rural residents' income，but also indirectly improve rural residents' income through strengthening financial support to rural areas. Promoting management right transfer of rural land ，adhering to and perfecting the basic rural management system is a necessary way to promote large- scale rural operation ，cultivate new business subjects and increase rural residents' income. We should，first，optimize the regulation system of management right transfer of rural land to provide the increase of rural residents' income with sound institutional safeguard ；second，we should promote management right transfer of rural land based on the free flow of labor，and fully mobilize the enthusiasm of farmers to participate in management right transfer of rural land；and third，we should further improve the service of financial support to rural areas ，and improve the performance of financial support to rural areas in management right transfer of rural land.
Key words：management right transfer of rural land；rural residents' income；financial support to rural area；agricultural productivity