中国农村金融对农户生产经营的支持——基于时间序列的经验证据

The Supports of Chinese Rural Finance to Farmer's Production——Empirical Evidences Based on Time Series

本文基于1979~2011年的相关数据研究中国农村金融对农户生产经营的支持问题。结果表明,改革开放以来,在资金投入对农业产出具有显著性影响的情况下,却出现农村金融对农业生产资金投入和农户收入的影响不显著现象。这说明中国农村金融对农户信贷供给不足,金融支农不力,农户资金问题主要不在于对资金的有效使用环节,而在于资金的可得性环节。农户对信贷资金可得性较低的原因主要在于:一是农户生产性贷款在农村贷款结构中边缘化;二是农村金融机构贷款非农化,农户资金要素通过存贷正差外流;三是农村金融效率及金融产品创新不足。

Based on the relevant data during 1979-2011,this paper researches the supports of Chinese rural finance to farmer's production.The result of the paper shows that,since China's reform and opening up,the rural finance does not significantly influence fund investment in agricultural production and farmer's income,though the fund investment significantly influences agricultural output.It indicates that Chinese rural finance has not provided sufficient loans for farmers and financial supports for agriculture are inadequate.The issue of farmer's funds does not exist in the effective use of the fund,but exists in the availability of the fund.The first reason that farmers'fund availability is low is because production loans are marginalized in rural loan structure.The second reason is because the loans of rural financial institutions are used in non-agricultural fields and farmers'funds flow out of agriculture due to the positive difference between deposits and loans.The third reason is because the efficiency of rural finance is low and financial products lack innovation.