中国县域金融排斥问题研究——真的是供给不足引起的吗

Financial exclusion facing by the counties in China——is the supply insufficient or the institution saturated

基于全国2018个县域的数据,对农村金融制度市场化改革以来,县域所面临的金融排斥问题进行了分析。实证研究发现,当前县域金融排斥现象仍然存在,并且主要表现为对信贷资金的排斥,而非对传统金融机构的排斥;进一步分析发现,在当前,县域出现了信贷资金排斥与机构相对饱和同时存在的"市场失灵"问题,增加传统金融机构的供给并没有为"三农"和县域经济发展提供有效的信贷资金支持,反而是加剧了县域资金的外流。

Based on the data of 2018 counties in China, this paper analyzes the problem of financial exclusion facing by the counties since the market - oriented reform of the rural financial system. Empirical studies show that the problem of financial exclusion still exists in the counties, and mainly for the exclusion of credit funds, rather than the exclusion of traditional financial institutions. Further analysis show that the counties facing a ＂market failing＂ issue that exclusion of credit funds and relative saturation of institutions exist at the same time, which means that the increase in the supply of traditional financial institutions will not provide credit funds to solve the issues concerning agriculture, rural areas and peasantry and to support the development of county economy, but which exacerbated the outflow of county funds. These conclusions have important implications for the development of inclusive financ, e in China.