Ethnic Tibetans(ETs)typically reside in the remote plateaus of China and possess strong cultural and spiritual values.Their financial decision-making is influenced by economic and physical factors,unique culture,socia...Ethnic Tibetans(ETs)typically reside in the remote plateaus of China and possess strong cultural and spiritual values.Their financial decision-making is influenced by economic and physical factors,unique culture,social norms,and psychological motivators.We conducted an in-person survey of 480 randomly selected ET households across four provinces in rural China.The survey data was analyzed using three different econometric models—probit,ordered probit,and ranked ordered logit—to examine the choice of borrowing from formal or informal credit sources,the number of sources borrowed from,and repayment priority.Our findings indicate that mental accounting plays a significant role in the financial decision-making process of ET households.Additionally,we find that the informal credit source is strongly associated with the financial decisions of ET households.The majority of loans from formal financial institutions are used to meet daily needs,as opposed to purchasing productive inputs.Our results also suggest that strong social relationships and religious beliefs prevent households from defaulting,and that loans from formal financial sources receive repayment priority.China would benefit from promoting inclusive finance and encouraging the adoption of improved agricultural practices to support the prosperity of ET and other minority communities.展开更多
Ethnic Tibetans speak and write by using their own language and characters. This language belongs to the Tibet-Burman phylum in the Sino-Tibetan language family. In over 1400 years of recorded history,ethnic Tibetans ...Ethnic Tibetans speak and write by using their own language and characters. This language belongs to the Tibet-Burman phylum in the Sino-Tibetan language family. In over 1400 years of recorded history,ethnic Tibetans have been enriched by the profuse contents of their archaic books that make us gasp in admiration.展开更多
At 2:28 pm on May 12^(th),2008,Wenchuan County of Sichuan Province suffered an earthquake of mag-nitude of 8.0.The local death toll had reached 69,016 by noon of June 1^(st),along with a total of 368,545 in-jured and ...At 2:28 pm on May 12^(th),2008,Wenchuan County of Sichuan Province suffered an earthquake of mag-nitude of 8.0.The local death toll had reached 69,016 by noon of June 1^(st),along with a total of 368,545 in-jured and 18,830 people still missing.The tragedy included the collapse of an enormous number of houses...over one hundred thousand families lost their homes.Tens of thou-sands of children were orphaned.However,faced with this devastation,all nationalities in China were not intimidated but rather work...展开更多
基金financially supported by the Major Program of the National Social Science Foundation of China(No.18BMZ126)。
文摘Ethnic Tibetans(ETs)typically reside in the remote plateaus of China and possess strong cultural and spiritual values.Their financial decision-making is influenced by economic and physical factors,unique culture,social norms,and psychological motivators.We conducted an in-person survey of 480 randomly selected ET households across four provinces in rural China.The survey data was analyzed using three different econometric models—probit,ordered probit,and ranked ordered logit—to examine the choice of borrowing from formal or informal credit sources,the number of sources borrowed from,and repayment priority.Our findings indicate that mental accounting plays a significant role in the financial decision-making process of ET households.Additionally,we find that the informal credit source is strongly associated with the financial decisions of ET households.The majority of loans from formal financial institutions are used to meet daily needs,as opposed to purchasing productive inputs.Our results also suggest that strong social relationships and religious beliefs prevent households from defaulting,and that loans from formal financial sources receive repayment priority.China would benefit from promoting inclusive finance and encouraging the adoption of improved agricultural practices to support the prosperity of ET and other minority communities.
文摘Ethnic Tibetans speak and write by using their own language and characters. This language belongs to the Tibet-Burman phylum in the Sino-Tibetan language family. In over 1400 years of recorded history,ethnic Tibetans have been enriched by the profuse contents of their archaic books that make us gasp in admiration.
文摘At 2:28 pm on May 12^(th),2008,Wenchuan County of Sichuan Province suffered an earthquake of mag-nitude of 8.0.The local death toll had reached 69,016 by noon of June 1^(st),along with a total of 368,545 in-jured and 18,830 people still missing.The tragedy included the collapse of an enormous number of houses...over one hundred thousand families lost their homes.Tens of thou-sands of children were orphaned.However,faced with this devastation,all nationalities in China were not intimidated but rather work...
