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Impact of devolved forest tenure reform on formal credit access for households: Evidence from Fujian, China

文献类型：期刊论文

作者Dong, Jiayun2,3,5; Liang, Wenyuan4; Fu, Yimin5; Liu, Weiping5; Managi, Shunsuke1,6,7
刊名ECONOMIC ANALYSIS AND POLICY
出版日期2021-09-01
卷号71页码:486-498
关键词Devolved forest tenure reform Credit access Land reform Rural finance
ISSN号0313-5926
DOI10.1016/j.eap.2021.05.011
通讯作者Liang, Wenyuan(wenyuan.liang@wur.nl) ; Managi, Shunsuke(managi@doc.kyushu-u.ac.jp)
英文摘要The Collective Forest Tenure Reform, as a devolved forest tenure reform, was first launched in Fujian, China, in 2003, issuing forestland-use certificates to and increasing forestland access for rural households, allowing households to collateralize forestland for formal credit. This study aims to identify the impact of forestland-use certificates and household forestland and further explain their channels of impact on formal credit access. The conceptual framework in the literature includes two potential channels of impact: household's willingness to formal credit access and the institutional constraint in formal credit access. An econometric analysis was conducted using panel data of household level in Fujian province from 2012 to 2016. The econometric results demonstrated that: (1) forestland-use certificates had a significantly positive impact on the households' formal credit access when it is measured only as formal credit by collateralizing forestland; (2) household forestland had significantly positive impact on households' formal credit access when it is measured as total formal credit and formal credit by collateralizing forestland; (3) households' willingness to access credit was significantly and positively affected by forestland-use certificates and household forestland, although the impact of household forestland is more certain and (4) institutional constraint in formal credit access was significantly and positively impacted by forestland use certificates but not by household forestland. Our study contains implications on the appropriate use of formal credit as a financial instrument in devolved forest tenure reform. (C) 2021 Economic Society of Australia, Queensland. Published by Elsevier B.V.
WOS关键词PROPERTY-RIGHTS ; RURAL CREDIT ; INVESTMENT INCENTIVES ; INSTITUTIONAL CHANGE ; POVERTY ALLEVIATION ; SOCIAL NETWORKS ; MANAGEMENT ; GENDER ; DECENTRALIZATION ; CONSTRAINTS
资助项目National Natural Science Foundation of China[71773018] ; National Major Social Foundation of China[16ZDA024] ; 63rd General Funding of China Post Doctoral Science Foundation[1563]
WOS研究方向Business & Economics
语种英语
WOS记录号WOS:000729159100008
出版者ELSEVIER
资助机构National Natural Science Foundation of China ; National Major Social Foundation of China ; 63rd General Funding of China Post Doctoral Science Foundation
源URL[http://ir.igsnrr.ac.cn/handle/311030/168550]  
专题中国科学院地理科学与资源研究所
通讯作者Liang, Wenyuan; Managi, Shunsuke
作者单位1.Kyushu Univ, Dept Urban Engn, Fukuoka, Japan
2.Nanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China
3.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China
4.Wageningen Univ & Res, Wageningen Sch Social Sci, NL-6708 PB Wageningen, Netherlands
5.Fujian Agr & Forestry Univ, Sch Econ, Fuzhou 350002, Peoples R China
6.Kyushu Univ, Urban Inst, Fukuoka, Japan
7.Kyushu Univ, Dept Environm Engn, Fukuoka, Japan
推荐引用方式
GB/T 7714		 Dong, Jiayun,Liang, Wenyuan,Fu, Yimin,et al. Impact of devolved forest tenure reform on formal credit access for households: Evidence from Fujian, China[J]. ECONOMIC ANALYSIS AND POLICY,2021,71:486-498.
APA Dong, Jiayun,Liang, Wenyuan,Fu, Yimin,Liu, Weiping,&Managi, Shunsuke.(2021).Impact of devolved forest tenure reform on formal credit access for households: Evidence from Fujian, China.ECONOMIC ANALYSIS AND POLICY,71,486-498.
MLA Dong, Jiayun,et al."Impact of devolved forest tenure reform on formal credit access for households: Evidence from Fujian, China".ECONOMIC ANALYSIS AND POLICY 71(2021):486-498.

入库方式： OAI收割

来源：地理科学与资源研究所

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