The Development Of Rural Land Circulation Market In China Based On Institutional Perspective

Base on the transformation of rural land circulation system after establishing the New-China in 1949,in this paper,using the Vicissitudes of System theory to analyze the evolution mechanism of the rural land circulation system.Besides,the reasons, which cause the rural land circulation developed slowly,are listed out by using the analyzing methods from cost of transaction.By looking over a number of documentary materials,it is thinking that the processes of transformation of rural land actually are the processes of vicissitudes of system.In order to clarify the transformation processes,describing the process of vicissitudes of land on time order.Due to the particularity of the Land System in China,the Ownership of land,Contractual rights of Land as well as Using rights of land are separated.The using rights of the contractual rural land are what the rural land circulated.There are five main parts in the circulation of land.They are central government,local government,farmers who transfer out their land,enterprises, farmers who transfer in others' land.In this paper,using the methods from the powers, responsibilities and benefits analyze the five main parts in circulation of land.In order to clarify the relationship among five main parts,the Poter's five force model can be used.By analyzing the status of rural land circulation and hackling the relationship of main parts,it is concluded that existence of the transaction cost is the main reason, which hindered the development of the rural land circulation.It clarifies the reasons of the transaction cost,from three aspects which are asset-specific,Limited rationality as well as Opportunism.At last,it listed some policy suggestion that use to promote the circulation of rural land.There is nothing but clarifying the asset-right,than the problems existing in the process of land circulation will be solved.The benefit conflict among the main parts will be resolved.Under the guidance of the Marxist materialist dialectics,this paper used the vicissitudes of system theory and transaction cost theory in New Institutional Economics.The innovation of this paper is using the vicissitudes of system to analyze the driven-reasons of system transformation on rural land circulation in our country, as well as using the transaction cost theory to analyze the reasons about the slowly development of rural land circulation.Besides this paper also include the Game Analysis method to establish the Principal-agent model.Opening with the main parts in circulation of land,it analyzed the generation-mechanism of transaction cost.