小额信贷、农民创业与收入增长——基于中介效应的实证研究

Microfinance,Self-Employment of Farmer and Income Growth——An Empirical Analysis based on the Mediation Effect

基于2009—2014年山东省17地市小额贷款公司的面板数据,运用固定效应模型、工具变量和中介效应等分析方法,从农民创业的中介效应视角实证检验小额信贷的农民增收效应。结果表明:小额信贷对农民收入具有显著的正向影响,但由于小额信贷规模仍相对较小,因此其对农民收入的正向影响程度仍相对较低。同时,利用中介效应分析方法,验证农民创业在小额信贷对农民收入的影响中存在显著的中介效应。所以,为了促进农民收入的提高,政府应进一步推动小额信贷的发展以及加大对农民创业的金融支持力度。

Based on the panel data of Shandong Province＇s micro-credit companies during 2009-2014, the author first uses the fixed effect model and instrumental variable and the mediation effect analysis methods, and then empirically studies the effect of microfinance on farmers＇ income and through the perspective of farmers＇ self-employment intermediary effect. The resuits show that microfinance has a significant positive effect on fancier＇s income, but because microfinance＇s development scale is limited, its influence degree is still relatively low. Meanwhile, by using the mediation effect analysis method, the author verifies that the farmer＇s self-employment has a significant mediation effect between the effects of microfinance on farmer＇s income. So, in order to promote the growth of farmer＇s income, the government should promote the development d microfinance, and increase the financial support of fancier＇s self-employment.