农户融资现状及其成因分析——基于中国东部、中部、西部千社万户的调查

Study on Rural Financing Situation and Cause——Evidence from Survey Data on nearly 10,000 Rural Household and 1000 Rural Credit Cooperatives

本文利用近1000个自然村及农村信用社的调研资料,对中国农村融资现状、影响因素进行了经验分析。结果表明,民间借贷是农户融资的主要形式,融资途径呈现非正规化趋势;农户在正规金融机构融资时,显性成本低,隐性成本高,融资效率低导致交易成本高。农户融资过程中这些问题的出现可以主要归因于供给主体的结构性问题、供给主体设置的制度性障碍以及供给主体对还贷的预期低等金融市场的供给因素。

Based on the survey dataset on nearly 10,000 rural households and 1,000 rural credit cooperatives,this paper shows that:Private financing channel is the major form for rural households who present non-regular trend;When rural households'financing is from regular financial institutions,the skin financing cost is lower but the recessive cost is higher,and the low efficiency of financing further weighs financing cost;The main problems of financing difficulty for rural households is the supply factor of financial market,for example,the supplier's structural problems,the supplier's institutional obstacles and the poor expectation for loan repaying.