陕西省农户金融抑制与福利损失——基于2007-2012年6000户农户调研数据的实证分析

The Credit Constraints of Shaanxi Province Rural Households and Welfare Loss

运用Biprobit模型和含有哑变量的面板回归模型,采用2007—2012年陕西省6000户农户的调研数据,实证估计了农户的金融抑制程度及其导致的福利损失。结果发现,62.6%的农户受到了金融抑制,受到完全抑制和部分抑制的农户分别为43.3%和19.3%;金融抑制使得农户家庭净收入和消费支出分别减少13.0%和19.3%,而完全抑制使农户家庭净收入和消费支出分别减少15.9%和21.1%。

Using recent survey date of 6000 rural households in Shaanxi Province from 2007 to 2012, we esti- mate the extent of credit constraints which the rural households suffer from, and its impact on the net income and consumption expenditure of rural households in Shaanxi Province. Estimation results reveal that 62.6% of Shaanxi Province rural households are rationed in credit markets, among them 43.3% are completely ra- tioned, and 19.3% partially rationed; the credit rationing decreased the net income and comsumption expend- iture of Shaanxi rural households by 13.0% and 19.3% respectively; and completely rationing decreased the net income and comsumption expenditure of Shaanxi rural households by 15.9% and 21.1% respectively.