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首页> 外文期刊>Agricultural Finance Review >Rural credit cooperatives' contribution to agricultural growth: evidence from China
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Rural credit cooperatives' contribution to agricultural growth: evidence from China

机译:农村信用合作社对农业增长的贡献:来自中国的证据

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摘要

Purpose - Rural credit cooperatives (RCCs) have long dominated China's rural credit market and met most of agricultural credit demands while the existing literature seldom examines their contribution to agricultural sector. The purpose of this paper is to provide empirical evidence on the contribution of RCCs to agricultural growth, using China's provincial panel data from 1997 to 2014.Design/methodology/approach - Both static fixed effects models and two-step generalized method of moment dynamic panel data models, which control the endogeneity, are employed to identify the causality from RCC credit to agricultural growth in China.Findings - The results show that the credit from RCCs increases the agricultural output significantly. A1 percent increase in RCC credit leads to agricultural growth of about 0.08 percent, which is robust to various empirical specifications. Further study shows that the contribution of RCC credit to agricultural growth decreases from the most developed eastern region to the least developed western region and increases over time Research limitations/implications - The results imply that RCC credit is critical in financing agricultural activities by relaxing rural credit constraints and intense competition strengthens the contribution of RCCs to agricultural growth by improving managerial efficiency and developing diversified financial products to meet better rural credit demands.Originality/value - To the authors' knowledge, this is first empirical study on the effect of RCC credit on agricultural growth despite of many on the role of financial development in agricultural growth.
机译:目的 - 农村信贷合作社(RCC)长期以来一直主导中国农村信贷市场,达到大部分农业信贷需求,而现有文献很少考察其对农业部门的贡献。本文的目的是提供有关RCC对农业增长的贡献的经验证据,从1997年到2014年的省级小组数据.Design/Methodology/Approach - 既静态固定效果模型和两步广义动态面板控制内生性的数据模型被用于将来自RCC信用的因果关系识别在中国的农业增长.Findings - 结果表明,RCC的信贷显着增加了农业产量。 RCC信贷的A1%增加导致农业增长约为0.08%,这对各种经验规范具有强大。进一步的研究表明,RCC信贷对农业增长的贡献从最发达的东部地区减少到最不发达的西部地区,随着时间的推移,随着时间的推移研究限制/影响 - 结果意味着RCC信贷在通过放松农村信贷来融资农业活动至关重要通过提高管理效率和发展多元化金融产品来满足农村信贷需求,加强对农业增长的贡献。尽管金融发展在农业增长中的作用,但农业增长。

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