【摘要】 已有研究关于社会资本投资对农户收入的影响存在一定争议。文章以“万企帮万村”这个社会资本扶贫行动作为研究对象,在构建农户决策模型分析框架的基础上,利用全国农村固定观察点调查数据,使用DID方法系统考察了该行动对农户收入的影响。研究发现,“万企帮万村”扶贫行动使受益农户收入显著提高,约为735元。这种增收效应主要来源于农业经营收入增长,是由农业经营回报率和农户生产要素投入变化共同导致的。同时,“万企帮万村”扶贫行动更多地使收入水平、人力资本水平相对较低的农户受益,缓解了农户收入不平等,具有偏向低收入农户的分配效应。此外,“万企帮万村”扶贫行动对农户收入具有提升效应,这对农户消费也产生了积极影响。因此,像“万企帮万村”这样投资于那些能把农户纳入现代农业产业链分工的项目可能是既增加农户收入又改善分配的有效方案之一,而“万企帮万村”扶贫行动是一项具有明显益贫性和普惠性的社会资本投资行动,其能够提升低收入农户收入以及缩小不同群体间相对收入差距,从而促进共同富裕。更多还原

【Abstract】 Agricultural and rural development and farmers’ income growth critically depend on sustained capital investment in rural areas. Given the constraints on farmers’ own capital and public fiscal resources, mobilizing social capital to invest in agriculture and rural areas has become a key policy orientation and a crucial condition for promoting farmers’ income growth. However, existing studies remain divided on how social capital investment affects rural household income.Taking the policy of “Ten Thousand Enterprises Help Ten Thousand Villages”(TEHV) as a specific form of social capital investment, this paper builds a household decision-making analytical framework and employs a DID approach with data from the National Fixed-Point Survey to systematically examine its impact on rural household income. The results show that the TEHV policy increases the income of beneficiary households by 5.54%. This growth is primarily driven by agricultural operating gains, resulting from both higher agricultural returns and increased inputs of production factors by rural households.This paper has the following contributions: First, it systematically examines the mechanisms through which the TEHV policy affects farmers’ returns by inducing growth changes across sectors and reallocations of production factors. Second, by analyzing the distribution effect of the policy, it shows that directing social capital investment toward modern agricultural development facilitates inclusive growth. Third, it further illustrates how income improvements induced by enterprise assistance are transformed into enhanced quality of life and capability accumulation, thereby situating farmers’ income growth within a broader framework of economic welfare.更多还原