Land rental development in rural Jiangsu, ChinaTransaction cost-saving effects via the rural shareholding cooperative system
Preceding studies demonstrate that there are two important prerequisites that facilitate land rental in agriculture; one is outmigration of farm labor, and the other is the securement of farmers' land rights. This is especially true for the counties and/or regions where the farm sector is overemployed and farmland has yet to be privatized. Considering these empirical findings quite tenable, this paper pays special attention to rural shareholding cooperatives (RSCs) that have been established recently in rural China.