中国农村民间借贷中村庄信任机制的实证研究

An Empirical Study on Village Trust Mechanism of Rural Households' Folk Credit in China

使用2013年中国家庭收入调查(CHIP)数据,采用多项Logit模型基于信贷配给视角研究村庄信任对农村民间借贷的影响。研究结果表明,村庄信任程度越高,农户更易通过民间借贷获得融资,且受到各类民间借贷配给的概率明显降低;亲友信任与他人信任的提高均降低了农户民间借贷配给的概率,但亲友信任对各类民间借贷配给的影响大于他人信任,且他人信任的提高并不能改善其交易成本配给状态。进一步考察村庄信任对不同财富水平农村家庭影响的异质性发现,村庄信任降低农户民间借贷配给概率的作用机制在财富较少的农村家庭中更加明显。

Based on credit rationing mechanism,utilizing CHIP2013 data and Multinomial Logit model,this paper studies the impact of village trust on rural households' folk credit. The research shows that the higher the degree of trust of village is,the more likely rural households get financing through folk credit,and the probability of the credit ration of all kinds of folk credit is obviously reduced. The increase of relative trust and trust of other people can reduce the probability of rural household's credit ration. However,the influence of the relative trust on the credit ration of folk credit is greater than the trust of others. The enhancement of the trust of other people is not necessarily able to improve the rural households' transaction cost ration Through further investigation of the heterogeneity of village trust in rural families with different wealth levels,we have found that the mechanism of village trust in reducing the probability of rural households' credit ration is more obvious in those households with less wealth.