风险规避与农村城镇化——重新理解城市化道路模式的选择逻辑

农村集体产权改革不仅是制度上的调整，更是激发县域经济增长的关键动力。以新一轮农村集体产权改革作为准自然实验，利用2010—2019年间涵盖1 911个县域的面板数据，探讨农村集体产权改革对县域经济增长的实际影响，并进一步验证其内在的作用机理和异质性特征，结果表明：农村集体产权改革显著提升了县域经济发展水平；在传导路径方面，农村集体产权改革主要通过提升生产效率、促进产业集聚以及吸引资本流入推动县域经济增长。分组研究结果表明：在东部地区以及市场化程度较高的县域中，农村集体产权改革展现出更加明显的经济拉动效应。为充分发挥农村集体经济的重要资源优势，应提升农村集体产权改革的包容性和灵活度，激发农村集体经济组织的活力，以促进县域经济的高质量增长。

The problem of social cost

The reform of rural collective property rights transcends mere systemic adjustments; it's a crucial catalyst for county-level economic growth. This study leverages the latest round of these reforms as a quasi-natural experiment, analyzing their impact on economic growth in 1, 911 counties from 2010 to 2019. The research delves into the underlying mechanisms and varying effects of this impact. Results show a substantial enhancement in counties' economic development due to these reforms. Specifically, they boost economic growth by elevating production efficiency, encouraging industrial concentration, and attracting capital. Notably, in eastern regions and more marketized counties, the economic boost from these reforms is more evident. To maximize the potential of rural collective economies, increasing the reforms' inclusiveness and adaptability is recommended. Such measures will energize rural collective economic organizations, contributing to superior economic growth at the county level.