国家农贷有效率吗

Is State Farmers Credit Efficient?

在农户调研数据的基础上,我们将农户划分为"理性小农"和"生存小农"。根据"二阶段模型",本文测度了国家农贷对两类农户的影响。实证结果说明国家农贷对"理性小农"生产存在显著影响,但对"生存小农"不存在显著影响。通过实证分析我们发现,农民教育水平是影响"生存小农"生产最重要的因素,然后依次是农机价值、务工收入、非正式借贷和家庭积累,实际上"生存小农"并不选择国家农贷作为重要资金来源。本文结论衍生的政策建议表明,国家农贷应重点支持"理性小农",对"生存小农"的扶持重点应是提高人力资本。

Basing on the survey, we divide the Chinese farmers into 'rational small-scaled peasant' and 'subsistence small-scaled peasant'. Basing on Heckman two-phase Model, we estimate efficiency of the State Farmer Loan. The result shows that: the State Farmer Loan is the fund source of 'rational small-scaled peasant', it has notable impact on the product of 'rational small-scaled peasant'; as to 'subsistence small-scaled peasant', the State Farmer Loan is useless. The result also shows that education is the most important factor to the production of 'subsistence small-scaled peasant', and that other factors include the mechanization of farming, income from non-farming Job, informal credit, family saving. In fact, the State Farmer Loan is impossible to 'subsistence small-scaled peasant'. Our policy advice is that the State Farmer Loan should think much of 'rational small-scaled peasant', and that the most important to 'subsistence small-scaled peasant' is to elevate their Human Capital.