我国金融发展对城乡收入差距影响的实证研究

The Empirical Study of the Impact of Financial Development on the Income Gap between the Urban and Rural Areas in China

基于我国1985—2014年金融发展和城乡居民可支配收入的数据,VAR模型实证分析我国金融发展与城乡收入差距之间的关系。研究表明:我国金融发展水平与城乡收入差距存在长期相互影响的均衡关系,我国金融发展是城乡收入差距加大的格兰杰原因。VAR模型的实证分析及其脉冲响应函数的研究结果都证实了一个结论:在一定程度上,我国金融发展拉大了城乡之间的收入差距,原因在于城乡金融投资的不平衡和农村资金外流。缩小城乡收入差距需要从发展农村金融、遏制农村资金外流以及政策支持等方面着手解决,加大金融对农村经济发展的支持力度。

Based on the data of 1985—2014 financial development of China and the disposable income of urban and rural residents, VAR model empirical analysis was used to analyze the relationship between financial development and urban-rural income gap in China. The research shows that level of financial development and urban-rural income gap exists in China affect the equilibrium relationship of each other for a long time, and the results also showed that China＇s financial development is the granger reason of income gap between urban and rural areas increased. An empirical analysis of the VAR model and impulse response function of research results have confirmed the conclusion that to a certain extent, the financial development of China widens the income gap between the urban and the rural, because of the imbalance of urban and rural financial investment and rural capital outflows. Narrowing the income gap between urban and rural areas needs to strengthen financial development support for rural economic development from the perspectives of developing of rural finance, curbing the rural capital outflow and the policy support.