中国农户融资约束、生产效率及影响因素研究——基于异质性随机边界模型的分析

Study on Farmers' Financing Constraint, Production Efficiency and Influencing Factors in China

文章以异质性随机边界模型(SFA)为基础,采用了2011年中国家庭金融调查(CHFS)微观数据,定量测算了中国农户在融资约束情况下的生产效率。结果表明:我国农业生产者的生产效率相比于最优损失了20%~40%,银行信贷、民间借贷及政府农业补贴是减弱融资约束,提高生产效率的重要途径。因此,需要政府进一步提高农业补贴的指向性和精准性,完善农业信贷担保体系,强化金融信贷机构多角度,多形式有序推进涉农信贷,加快农业现代化的步伐。

Based on the Stochastic Frontier Models （SFA）, this paper uses the China Household Finance Survey （CHFS） in 2011 to measure the production efficiency of Chinese farmers in the case of financing constraints.The results show that the pro-duction efficiency of agricultural producers in China is about 20% -40% compared with the optimal loss.Bank crediLprivate loan and government subsidy are the important ways to reduce the financing constraints and improve the production efficiency. There- fore, the government needs to further improve the orientation and precision of agricultural subsidies, improve the agricultural credit guarantee system, strengthen the financial credit institutions multi-angle, multi-form and orderly advance agriculture-relat-ed credit,accelerate the pace of agricultural modernization.