金融约束与农户创业行为抑制——基于VAR模型的实证研究

Financial Constraints and Inhibition of Farmers' Entrepreneurship Behavior——An Empirical Analysis Based on VAR

农户创业是增加农民收入、缩小城乡收入差距的有效途径,是促进国民经济活跃重要手段。鉴于金融支持农户创业的重要性,利用我国1992-2011年的相关数据,建立VAR模型,对农户创业和金融支持进行实证研究。结果发现:农户创业是金融支持的Granger原因,金融支持不是农户创业的Granger原因;农户创业和金融支持之间存在长期稳定的相关关系。针对金融支持农户创业的市场失灵现象,提出了相应的政策建议:突破金融约束满足农户创业项目的筹资需求;通过改革金融供给结构、完善相关的金融法律法规来支撑农户创业,改善农户创业外部软环境;政府在制定宏观政策时应该考虑到滞后现象,防止过激干预和管制过度。

Farmer＇s entrepreneurship is the effective way to increase farmers＇ income and narrow the income gap between urban and rural areas,it is also the important means to promote the national economy.Because of the importance of financial support for farmer＇s entrepreneurship,this paper uses Vector Auto-regression Model（VAR） to study the relationship between entrepreneurship of farmers and financial support based on the data from 1992 to 2011.The result shows that entrepreneurship of farmers is the Granger reason of the financial support,financial support is not the Granger reason of farmer＇s entrepreneurship.There is a long-term stability of correlation between farmers＇ entrepreneurship and financial support.This paper finally concentrates on market failure of financial support for farmer＇s entrepreneurship and proposes several corresponding policy suggestions including meeting financing demand of farmers＇ entrepreneurship projects by breaking financial constraints;perfecting the relevant financial laws and regulations to support entrepreneurship of farmers through the reform of financial supply structures so as to improve the external environment of farmers＇ entrepreneurship and government＇s considering lag phenomenon when making macro policies in order to prevent overly aggressive intervention and control.