经济与管理研究2025，Vol.46Issue(11)：78-90,13.DOI:10.13502/j.cnki.issn1000-7636.2025.11.005
两权抵押贷款政策能否促进农业规模经营?
Can the Two Rights Mortgage Loan Policy Promote Agricultural Scale Operation?
摘要
Abstract
Moderate agricultural scale operation can break the pattern of small-scale farming operation to optimize the allocation of key rural factors,boost development,and advance agricultural and rural modernization,thus creating a new situation for rural economic development and injecting new impetus into rural revitalization.As a landmark innovation in China's rural financial system,the two rights(farmers'housing property right and the right to land contractual management)mortgage loan policy is of great significance for activating idle rural land resources,addressing the problems of difficulty in financing and high financing costs in China's agricultural production,and boosting agricultural scale operation. This paper uses panel data from 2,151 counties(county-level cities and districts)in China from 2011 to 2023,treats the two rights mortgage loan policy as a quasi-natural experiment,and employs the difference-in-differences(DID)model to examine the impact of the policy on agricultural scale operation.The findings indicate that the policy can improve the level of agricultural scale operation in the pilot areas.This conclusion remains valid after a series of robustness tests.Mechanism analysis further reveals that the policy can effectively increase the regional credit supply available to agricultural entities and promote the orderly transfer of rural labor,thereby boosting county-level agricultural scale operation.Heterogeneity analysis shows that the positive effect of the policy is more prominent in the eastern and central regions.Additionally,the policy has produced a cumulative advantage in scale operations in agriculturally developed counties.These conclusions provide theoretical foundations and practical guidance for deepening rural financial system reforms,enhancing the quality and efficiency of financial services for agriculture,and advancing agricultural and rural modernization. The marginal contributions are as follows.First,unlike previous studies that used micro-survey data,this paper chooses the county-level panel data,as counties are the basic administrative units for agricultural policy implementation and serve as key vehicles for agricultural scale operation.Therefore,it offers a more comprehensive reflection of the policy's overall regional effect and provides valuable macro-level evidence for understanding the financial policy support for regional agricultural scale development.Second,this paper fills a gap in existing literature by integrating the two rights mortgage loan policy and agricultural scale operation into a unified analytical framework,and employs the DID model to conduct an empirical test of the impact of the policy,thus deepening the academic understanding of this policy.Third,from the perspectives of credit supply and labor force transfer,this paper explores the influencing mechanism of the two rights mortgage loan policy on agricultural scale operation,and comprehensively expounds the scientific connotation of the policy promoting agricultural scale operation.关键词
两权抵押贷款政策/农业规模经营/农业农村现代化/信贷供给/劳动力转移Key words
two rights mortgage loan policy/agricultural scale operation/agricultural and rural modernization/credit supply/labor transfer分类
经济学引用本文复制引用
孙继国,岳秀娟..两权抵押贷款政策能否促进农业规模经营?[J].经济与管理研究,2025,46(11):78-90,13.基金项目
国家社会科学基金一般项目"普惠金融支持农业创新链和产业链对接的机制与路径研究"(21BJY044) （21BJY044）
青岛市哲学社会科学规划项目"数字普惠金融对青岛市乡村产业振兴的影响效应及支持路径研究"(QDSKL2201078) （QDSKL2201078）
