金融排斥对农户收入的影响——基于PSM方法的经验分析

Influence of Financial Exclusion on Peasant Household′s Income:Empirical Study Based on PSM Method

从贷款、储蓄、证券和关系4个维度构建金融排斥指标,采用倾向得分匹配法分析了4种类型的金融排斥对中国农户收入的影响。研究发现:证券排斥对农户收入的影响最大,储蓄排斥、贷款排斥和关系排斥的影响依次递减;证券排斥和储蓄排斥对东部地区农户收入的冲击较大,贷款排斥和关系排斥对西部地区农户收入的影响较大。指出:高收入地区应注重开发涉农金融产品,低收入地区应保证提供基础信贷;应实施分类瞄准的普惠性金融政策。

This paper constructs the indicator of financial exclusion from four dimensions, namely loan, saving, stock and social relation. Then it analyzes the influence of financial exclusion on peasant household＇s income by using the method of propensity score matching. The results show as follows the influence of stock exclusion on peasant household＇s income is the biggest,and the next order are saving exclusion,loan exclusion and social relations exclusion;stock exclusion and saving exclusion have more impacts on the income of peasant household in the eastern region, while loan exclusion and social relation exclusion have more impacts on the income of peasant household in western region. Finally,it points out that more attention should be paid to the development of rural financial product in the eastern region, and enough essential loans must be arranged in the western region. It＇s necessary to construct the inclusive financial system.