财富、社会资本与农户的融资能力

Wealth,Social Capital and Rural Households' Financing Ability

本文依据北京大学国家发展研究院"北大-花旗中国农户家庭金融抽样调查"所获数据,研究了财富和社会资本如何影响农户的融资能力。分析结果显示,财富与社会资本对农户的融资能力均有显著影响,但只有初始财富会影响其从正规渠道融资的能力。农户从非正规渠道融资的能力不但会受到社会资本的影响,也会受到财富的影响。在欠发达地区,农户的社会资本和财富对其融资能力的影响要高于发达地区。为平衡地区发展,应首先在欠发达地区降低农户的财产对其融资能力的约束。

Based on the ＂Survey on China Rural Households＇ Financial Activities Conducted by Peking University - Citi - Bank＂, we studied the effects of wealth and social capital on rural households＇ credit capacity. Our empirical results show these effects are significant. Separately, the farmers＇ capacity to get formal credit will be affected hy their initial wealth only, whereas their ability to access into informal financial markets is affected by both the initial wealth and social capital. These effects are stronger in underdeveloped areas than those in more developed areas. Therefore, it is necessary to reduce the constraints of wealth on farmers＇ financing capacity.