Abstract:

The reform of rural collective resource and asset property rights is a crucial measure to deepen rural reforms and stimulate the vitality of the collective economy. Taking Changxing County as an example，this paper integrates modern property rights theory with the practice of rural revitalization. Focusing on the reform of the property rights system of village collective resources and assets，it constructs a theoretical analytical framework of "institutional innovation-resource activation-economic efficiency enhancement". Combining field survey data，the study empirically analyzes the impact of the reform of rural collective resource and asset property rights on the development of the village collective economy. The research shows that through measures such as advancing the "separation of three rights" reform，equity quantification and rights confirmation，and the transformation of operational assets into a shareholding cooperative system，Changxing County has effectively addressed the issues of "ambiguous property rights，lack of clear responsibility，and unfair income distribution" in the development of the traditional collective economy. The reform of rural collective resource and asset property rights has a significant promoting effect on the development of the village collective economy，and this result is robust. Further analysis reveals that the property rights system reform promotes the growth of the village collective economy by activating the market allocation function of rural collective resources and assets and improving resource utilization efficiency. Heterogeneity analysis finds that the impact of collective resource and asset property rights reform is more pronounced in villages with higher levels of rural construction and development，highlighting the importance of rural development.

Key words: rural collective resource asset, property rights system reform, collective economy, Changxing County