正规金融、非正规金融对家户福利的影响——来自中国农村的证据

发布时间：2018-06-24 12:13

本文选题：金融抑制 + 正规金融　；参考：《经济评论》2011年04期

【摘要】：金融抑制是发展中国家所面临的重要约束,其可能给家户福利和生产活动带来损失。金融约束不仅来自于正规金融,也来自于非正规金融。利用区域转换模型,本文从两个方面论证了正规金融与非正规金融对家户福利的不同作用。实证分析表明,正规金融约束的家户采用新的农业生产技术受到限制,非农经营的效应也更低,而社会资本在一定程度上对正规金融形成了替代,弥补了其部分功能。受到非正规金融约束的家户,社会资本的功能被弱化,但采用新的农业生产技术的作用以及参与农业生产合作组织的作用由于得到正规金融的支持而更强。正规金融与非正规金融大致存在一种替代关系,农村正规金融在满足生产发展尤其是非农业生产发展的需要方面发挥着重要作用,而基于社会资本的非正规金融主要对于缓冲收入冲击起着更重要的作用。
[Abstract]:Financial repression is an important constraint faced by developing countries, which may bring losses to household welfare and production activities. Financial constraints come not only from formal finance, but also from informal finance. Using the regional transformation model, this paper demonstrates the different roles of formal finance and informal finance on household welfare from two aspects. The empirical analysis shows that households with formal financial constraints are restricted from adopting new agricultural production techniques, and the effect of non-agricultural management is lower, while social capital replaces formal finance to a certain extent and makes up for some of its functions. The function of social capital is weakened, but the function of adopting new agricultural production technology and participating in agricultural production cooperative organization is stronger because of the support of formal finance. There is a substitute relationship between formal finance and informal finance, and rural formal finance plays an important role in meeting the needs of production development, especially non-agricultural production development. Informal finance based on social capital plays a more important role in buffering income shocks.
【作者单位】：海南大学三亚学院;
【基金】：国家自然科学基金项目“制度、收入分配与金融发展”(项目编号:70973090)的资助
【分类号】：F832.3;F224

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