JOURNAL OF NATURAL RESOURCES ›› 2017, Vol. 32 ›› Issue (9): 1505-1516.doi: 10.11849/zrzyxb.20160839

• Resource Economics • Previous Articles     Next Articles

Impact Factors of Supervision and Maintenance Performance of Rural Land Consolidation: A Theoretical and Empirical Study Based on Transaction Cost Theory

ZHAO Wei, YANG Gang-qiao, LI Jin-yu   

  1. College of Public Administration, Huazhong Agricultural University, Wuhan 430070, China
  • Received:2016-08-03 Revised:2016-11-04 Online:2017-09-20 Published:2017-09-20
  • Supported by:
    National Natural Science Foundation of China, No.71403094; Fundamental Research Funds for the Central Universities, No.2662015PY127

Abstract: Rural land consolidation is typically conducted as a consecutive sequence: decision-making, planning and budgeting, constructing, and then followed by supervision and maintenance. The behavior of Supervision and Maintenance of Rural Land Consolidation (SMRLC) implies the transfer of rights and duties between different subjects of responsibility, while the aim of SMRLC is to sustain regular operation of infrastructure and equipment provided by rural land consolidation and coordinate interrelationship between human being and land resources. The performance study of SMRLC is vitally important to solve the current predicament of lower efficiency or even deficiency of supervision and maintenance. First, index system and assessment method for SMRLC performance are proposed. Performance indices are set from the stakeholders’ viewpoint and weights are gained from AHP method after consulting 12 scholars throughout China. Second, the kernel concept of transaction is introduced to describe the behavior of SMRLC. Therefore, based on transaction cost theory, Williams’ analysis framework is employed to explain the impact mechanism of the performance of SMRLC. The empirical study is carried out in Dengzhou, Henan and Longzhou, Guangxi, and instrumental variable method is applied to solve the endogenous explanatory variable. Both Ordinary Least Square (OLS) and Instrumental Variable (IV) regression results show that the most significant factors are specificity of material asset, specificity of labor asset, transaction uncertainty and transaction frequency. The resutls validate Williams’ analysis framework for transaction cost and thereby it is highly suggested that management agency should pay close attention to the production level of cultivated land, the involvement of village leaders, and the staffs for supervision and maintenance.

Key words: instrumental variable, performance, rural land consolidation, supervision and maintenance, transaction cost

CLC Number: 

  • F301.2