The Impact of Rural Enterprise Park Policy on the Income of Rural Residents: Evidence from China

Quan Sun and Lexin Zhao ()
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Quan Sun: School of Economics, Zhejiang University, Hangzhou 310058, China
Lexin Zhao: School of Economics, Zhejiang University, Hangzhou 310058, China

Sustainability, 2023, vol. 15, issue 11, 1-15

Abstract: Improving the income of rural residents plays an important part in sustainable rural development. Using a difference-in-difference (DID) approach and Chinese counties’ data from 2014 to 2019, this paper evaluates the effects of the rural enterprise park policy on the income of rural residents. We find that the policy significantly promotes rural residents’ income, and a series of additional tests suggest that the effects appear robust. We also find that stimulating entrepreneurial activities serves as a channel through which the policy affects rural incomes. Finally, the policy effects are mainly significant for counties with a higher level of human capital, a younger demographic age structure, and a higher level of financial development.

Keywords: place-based policy; enterprise parks; rural; income; entrepreneurial activities; China (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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