宏观金融效率与微观金融效率一致吗?——来自广东省农信社的实证数据(1993-2004)

Is Financial Macro-efficiency Consistent with Micro-efficiency?——An Empirical Research on Guangdong Rural Credit Cooperatives.

农村金融是中国金融体系的短板,中国农村金融发展的关键是效率问题。针对宏微观金融效率研究出现的分野,聚焦中国金融体系的短板,本文以广东省农信社为例,尝试回答"宏观金融效率是否与微观金融效率一致"的问题。本文首先通过回归分析与基于经济发展分区的Panel-Data模型分别检验广东省农信社作为一个整体与经济分区对广东农村经济可能存在的促进作用,实证结果表明:Panel-Data模型的分析结果更加显著,农信社发展对农村经济有更加显著的促进作用。文章接着将广东农信社的微观金融效率与四大国有银行的微观金融效率进行比较,发现广东省农信社的宏观金融效率与微观金融效率不匹配。

For agricultural finance is the short plank of Chinese financial system.Efficiency is the key problem of Chinese financial development, as a result, it grasps the hinge to discuss Chinese agricultural finance from the perspective of efficiency. Aiming at the interfluve between Macro-Financial Efficiency and Micro-Financial Efficiency, and based on the short plank of Chinese financial system, this paper try to answer the question ＂Is Macro-Financial Efficiency consistent with Micro-Financial Efficiency？＂ Firstly, the paper applies regressive analysis and Panel-Data model on divided economic zones to test the relationship between financial development and economic growth of Guangdong Agricultural Credit Society. The Empirical Research reveals that the outcomes of Panel-Data model are more notable than ones of regressive analysis, the financial development promotes the economic growth in Guangdong province. Secondly, the thesis compares Micro-Financial Efficiency of Guangdong Agricultural Credit Society with four state owned banks.We find that Macro-Financial Efficiency doesn＇ t consistent with Micro-Financial Efficiency.