非正规金融对农村居民多维贫困影响研究

Research on the Influence of Informal Finance on Multidimensional Poverty of Rural Resident

本文基于中国家庭追踪调查(CFPS)2014年数据,构建了包含个人行为能力和主观感受的多维贫困识别体系,并运用多元线性回归模型、Probit模型实证分析了非正规金融对我国农村居民多维贫困的影响。结果表明非正规金融与农村居民多维贫困之间存在倒U形关系,即在非正规金融借贷规模较小阶段,随着非正规金融借贷的增加,会加剧贫困,而在其借贷规模到某一临界值之后,则会抑制多维贫困的发生,且减贫效应随着借贷规模增长不断增强。因此在制定脱贫政策时,政府应积极发挥非正规金融的正向作用,加强正规金融与非正规金融合作,有效利用非正规金融缓解农村居民多维贫困状况。

Based on the data of Chinese Family tracking Survey(CFPS)in 2014,this paper constructs a multidimensional poverty identification system including personal behavior ability and subjective feelings,and uses multiple linear regression model and Probit model empirically analyzes the impact of informal finance on multidimensional poverty of rural residents in China. The results show that there is an inverted U-shape relationship between informal finance and rural residents' multidimensional poverty,that is,in the small scale of informal financial lending,with the increase of informal financial lending,poverty will be exacerbated. However,when the scale of borrowing reaches a certain threshold,the occurrence of multidimensional poverty will be inhibited,and the poverty reduction effect will be dependent on the effect of poverty reduction. The scale of borrowing has been increasing. It is pointed out that the government should actively play a positive role in informal finance,strengthen the cooperation between formal finance and informal finance,and effectively utilize informal finance to alleviate the multidimensional poverty of rural residents.