农村金融机构效率提升有助于新型城镇化建设吗

Does Increase of Efficiency of Rural Financial Institutions Promote the Construction of New Urbanization

本文以2007—2014年我国26个省市的面板数据为研究对象,采用动态面板数据的差分广义矩估计(DIF-GMM)方法,研究了农村金融机构效率和新型城镇化建设的关系。研究结果表明:由于当前我国农村金融机构普遍存在"吸储外放"行为,以"存贷款转化率"为指标衡量的农村金融机构效率对新型城镇化建设具有抑制作用;在提高农村金融规模的情况下,金融机构效率对城镇化建设的不利影响得以扭转,说明金融规模的提升可以有效改善"吸储外放"现象,确保农村金融机构将信贷资源投向有利于农村经济发展的项目上。本文在文末提出了若干政策建议,以实现农村金融机构发展与新型城镇化建设相辅相成、共同助力经济平稳运行的目标。

Based on the panel data of 26 cities from 2007 to 2014 in China, this paper uses dynamic panel data and dif- ference GMM Estimation （DIF-GMM） method, to study the relationship between the efficiency of rural financial insti- tutions and the construction of New Urbanization. The results show that due to the widespread ＂loan outside ＂behavior of China＇s rural financial institutions, the ＂loan to save conversion rate ＂, which measures the efficiency of rural finan- cial institutions, has the inhibitory effect on the construction of the new urbanization. But, if the rural financial scale is larger, the adverse effects of financial institutions on the new urbanization can be reversed, and the ＂loan outside ＂be- havior can be limited. At the end of this paper, some policy recommendations are put forward to achieve the goal of boosting the development of rural financial institutions and the construction of new urbanization, in order to help the economy to run smoothly.