Research On The Wealth Effect Of Capitalization Of Rural Production Factors In Promoting The Common Prosperity Of Farmers

China has entered a historical stage of pursuing common prosperity,but the problem of unbalanced development remains serious.In the 20 th National Congress of the Communist Party of China,it was proposed that common prosperity under socialism with Chinese characteristics means narrowing the income gap,achieving common prosperity that reflects development and equity,and leaving no one behind on the road to common prosperity.Common prosperity means not only making the cake bigger and stronger,but also dividing and cutting the cake well.The capitalization of production factors is a new weapon to break rural problems in the process of modernization,which is beneficial to the establishment of agricultural industry system,improving rural infrastructure construction,realizing income diversification,improving social security and other functions.Therefore,based on the impact of capitalization of rural production factors on the common prosperity of farmers,it is of both theoretical value and practical significance to explore the differences in the impact of capitalization of rural production factors on the common prosperity of farmers under different influencing factors.By combing and analyzing relevant literature,this thesis explores the impact of capitalization of rural production factors on farmers’ common affluence by combining theoretical analysis with empirical analysis.First,it defines the concept of common affluence and capitalization of production factors and combs domestic and foreign literature on the relationship between them.Secondly,it analyzes the mechanism and conduction effect of capitalization of rural production factors on common affluence,clarifies how capitalization of production factors affects common affluence of farmers,and puts forward related research hypotheses.In the empirical part,community and household survey data compiled by China Household Finance Survey and Research Center are selected as samples to empirically analyze the influence of capitalization of rural production factors on common affluence.The rural collective economy was included into the model as an intermediary variable to test whether the capitalization of rural production factors could promote the realization of common prosperity by promoting the growth of rural collective economy,and further analyze the influence of capitalization of production factors on common prosperity under the influence of different factors such as characteristic industries,deliberative institutions and terrain characteristics.At the micro level,the author selected the comprehensive survey data of China’s rural revitalization as samples to empirically analyze the influence of capitalization of rural production factors on common prosperity.The difficulty of borrowing was included into the model as an intermediate variable to test whether the capitalization of rural production factors could promote the realization of common prosperity by reducing the difficulty of loans.The influence of capitalization of production factors on common prosperity under the influence of different factors such as education level and policy familiarity was further analyzed.The results show that,from the mesolevel: first,the capitalization of rural production factors has a positive and significant impact on the common prosperity of rural areas;The collective enterprise economy is further incorporated into the model as an intermediate variable.The results show that the capitalization of rural production factors can promote the realization of common prosperity by promoting the growth of rural collective economy.Secondly,this thesis will distinguish the influence of rural production factors on common prosperity under the influence of different factors such as different regions,different consultative bodies and different terrain characteristics,and find that the rural areas with local characteristics of industries,rural consultative bodies,and higher education level of rural production factors capitalization brings more significant common prosperity.From the micro level: first,the capitalization of rural production factors has a positive and significant impact on the common prosperity of farmers;Furthermore,the difficulty of borrowing is incorporated into the model as an intermediate variable.The results show that the capitalization of rural production factors can promote the realization of common prosperity by reducing the difficulty of borrowing.Secondly,this thesis will distinguish the influence of rural production factors on common prosperity under different factors such as different education levels and different policy familiarity,and find that the capitalization of rural production factors brought by rural residents with lower education level and familiar with policies is more significant.