Explanation of the mechanism of value realization of ecological products using property rights theory: Logical mechanism and policy implications
Year: 2024
Type: article
Abstract: In order to clarify the practical dilemma and theoretical logic of value realization of ecological products, this paper builds a logical analysis framework based on the property rights theory and the polycentric governance theory, and adopts the single case longitudinal study method to conduct a case study with Lishui, Zhejiang province, China's first pilot city of ecological product value realization. The research shows that: (1) Value realization of ecological products faces three challenges: difficulty in realizing resource value, insufficient protection of farmers' rights and interests, and impact on governance structure. (2) By clarifying ownership and dividing rights horizontally, the property rights system of ecological products can be optimized, and the value of resources can be promoted. (3) The matching of residual claim and supervision rights with farmers is an important path to protect farmers' rights and interests. (4) Promoting the accumulation of social capital through grassroots democratic construction and strengthening the local government's participatory guidance and mandatory rules can lead to a stable governance structure and promote the sustainable value of ecological products. Based on this, reforms should be carried out in two directions: optimizing the property rights system of ecological products and reshaping the governance mechanism, to promote the efficient, fair, and sustainable development of the value of ecological products.
Source: 自然资源学报
Authors: Xin-hua ZHU, Xin-rui JIA
Language: English
Subfield: Global and Planetary Change
Field: Environmental Science
Domain: Physical Sciences
SDG: Life on land
Open Access status: diamond
OpenAlex ID: W4402242149