退出权、地权稳定性与长期投资（提纲）.docVIP

外部机会、土地制度与长期投资 outside opportunities、land tenure system and long-run investment Abstract: Many economists insist that the rural lands managerial system in china prevent peasants from long-run investment and should be responsible for the staggering of agricultural production since 1980s. However, some empirical research did not totally support this point of view. This paper analyzes the effect of land system on long-run investment of peasants. We argue that the adjustment of rural lands does not necessary prevent peasants from long-run investment, in particular, if there are no outside opportun