Agricultural and Biological Sciences
8 years ago

Collective land ownership reform reduces transaction costs and boosts rural development.

Journal of Nanjing Normal University
Review on Reform of Contractual Operation Right of Land ——A Legal and Economic Analysis
Yu Wen

Paper Summary

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The article discusses how changing the way rural land ownership is structured can be cost-effective. By treating farmer groups as owners of the land, transaction costs can be reduced. Allowing farmers to have contractual rights to the land can help resolve issues between parties and lower costs. Different types of land should have different rules for how they are used.