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首页> 外文期刊>Applied Economics >The demonstration effect of transactions between strangers on those between acquaintances: evidence from land rentals in rural China
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The demonstration effect of transactions between strangers on those between acquaintances: evidence from land rentals in rural China

机译：陌生人之间交易对熟人之间的演示影响：来自中国农村土地租金的证据

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摘要

Over the last decade, introducing outer village lessees has been an important approach to increasing the marketization of land rentals in rural China. However, with large numbers of informal features among acquaintances, the effect of introducing outer village lessees is ambiguous. In this paper, data from the 2015 China Household Finance Survey are used to analyse the demonstration effect of land rentals between strangers on those between acquaintances, and land rent is used to represent the marketization of land rentals. The estimated results indicate that with the emergence of outer village lessees, lessors transacting with acquaintances are more likely to obtain high land rents and to rent out farmland for profit. Evidence shows that profit motives are the key pathway by which the presence of outer village lessees affects land rents. The analysis using the sample of lessees supports our findings. Our analysis implies that the demonstration effect exists in land rental markets, and also provides a feasible instrument for promoting market-oriented land rentals between acquaintances.
机译：在过去十年中，外国村庄承租人介绍了越来越多的中国农村土地租赁市场化的重要方法。然而，在熟人之间具有大量的非正式特征，引入外部村庄的效果是模棱两可的。在本文中，2015年中国家庭财务调查的数据用于分析陌生人对熟人之间的土地租金的示范效果，土地租金用于代表土地租金的市场化。估计结果表明，随着外村承租人的出现，与熟人交易的较小者更有可能获得高地租金并租用农田进行利润。证据表明，利润动机是外村承租人的存在影响土地租金的关键途径。使用租对样本的分析支持我们的研究结果。我们的分析意味着土地租赁市场存在示范效应，还提供了一种可行的工具，可在熟悉市场之间推广市场的土地租金。

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