西部少数民族地区非正规金融减贫效应研究——以新疆为例

The Study of the Influence of Non-Formal Finance on Poverty Reduction in Western Ethnic Minority Areas——A Case Study of Xinjiang

西部少数民族地区由于正规金融服务缺位现象严重,非正规金融成为贫困地区经济主体的主要融资渠道。本文以新疆为例,在测算1988-2013年新疆FGT指数和非正规金融发展指数的基础上构建VAR模型,运用脉冲响应函数和方差分解,对新疆的农村地区非正规金融与贫困减缓之间的关系进行实证分析。结果表明:非正规金融的发展对减缓贫困有显著的影响,且对贫困减缓的贡献率超过正规金融,但是存在时滞性。鉴于此,应正视非正规金融在反贫困中不可替代的作用,适时放开金融市场对非正规金融机构的接纳,创新金融扶贫模式,

Due to a serious lack of formal financial services in Western ethnic minority areas, nonformal finance has become the main financing channel for economic entities in poverty-stricken areas. Taking Xinjiang as an example, this paper builds the VAR model on the basis of estimating the index of FGT and nonformal financial development of 1988 -2013 in Xinjiang and makes an empirical analysis of the relation between non-formal finance and poverty reduction in rural areas of Xinjiang by using the impulse response function and variance decomposition. The results slow that the development of nonformal finance has a significant impact on poverty reduction with its contribution rate to reduce poverty higher than that of formal finance and also a time-delay characteristic. Therefore, we should recognize the irreplaceable role of nonformal finance in poverty reduction, timely open financial market to non-formal financial institutions, and innovative financial poverty alleviation model so as to give a full play to rural nonformal finance and formal finance to achieve coordinated effect in poverty reduction.