Threshold effects of capital intensity on relationship between legal system and rural economy

Tao Liu, Han Wu and Yongqian Tu

International Review of Economics & Finance, 2025, vol. 101, issue C

Abstract: This paper uses data from Chinese listed companies from 2009 to 2022 as the research sample and explores this topic based on a quasi-natural experiment involving the implementation of the Tourism Law. The study finds that the improvement of the legal system can promote high-quality rural economic development; capital intensity plays a threshold role in this relationship; and interregional cooperation serves as a mediating channel between the improvement of the legal system and high-quality rural economic development.

Keywords: Legal system; Tourism Law; Capital intensity; Rural economy; Threshold Effect (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:101:y:2025:i:c:s1059056025003004

DOI: 10.1016/j.iref.2025.104137

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