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Land System Reform, Financial Innovation, and Rural Family Entrepreneurship
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TitleLand System Reform, Financial Innovation, and Rural Family Entrepreneurship  
AuthorFan Gangzhi and Huang Yuhong  
OrganizationSouthwestern University of Finance and Economics; 
Key WordsLand System Reform; Financial Innovation; Entrepreneurship 
AbstractAs one of the core contents of deepening reform in China, the reform of rural land system has great significance to financial innovation and entrepreneurship in rural. Therefore, based on CHFS 2013 data, this paper investigates the significant impacts of land system reform on solving credit constraint and improving entrepreneurship of rural families, with credit constraint and farmland leasing as a breakthrough point. Our results show that rural families who suffer from credit constraint have a low probability of entrepreneurship, and informal debts also suppress rural families to participate in entrepreneurial activity; secondly, rural families with agricultural land have a low probability of entrepreneurship, but farmland leasing has significantly positive effect on business creation. The results document that credit constraint has the negative effect on rural family entrepreneurship, and that farmland leasing can relieve credit constraint of rural families, and improve entrepreneurship. The conclusion can shed new light on the reform of current rural land system in China. 
Serial NumberWP1074 
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