A Study On Financial Support To Dual-Economic Tranformation In China

The Core problems of developing countries and regional economic development is the dual economy in transition issues. Bound by the traditional dual economic system, and the impact of the reform and opening dual urban-rural economic reform lag, Chinese dual economic transformation is far lagging behind the process of industrialization. Binary huge contrast between industry and agriculture, urban and rural areas, so that our economy is facing the dual constraints of resources environment and market demand; and the severe employment pressure, "labor shortage" allocation of labor resources coexist; economic operation of Investment and Consumption the imbalance caused by the crux of macroeconomic volatility, and many other issues.these problems illustrate the existing institutional framework exists restricting dual economic transformation of many factors, such as restrictions on the transfer of labor the household registration system, the urban and rural land system, allocation of public resources between urban and rural imbalances. In many factors, it is difficult to get farmers inclusive financial services, so that more funds flow of funds to support urban non-agricultural industries, modern agriculture development and new rural construction is very tense. China’s economic development has entered a crucial stage of Lewis, financial support Dual Economy Transition shortage has seriously affected the dual economic transition process.For a long time, the dual economic restructuring has been a hot and difficult problems of the academic attention. Scholars of Chinese Dual Economy Transition issues from multiple perspectives, the economic structure and morphology, the transfer of surplus agricultural labor force and its role in the transformation of dual economy, institutional change on the dual economic transition, as well as China and other aspects of the Lewis turning point judgment He achieved many research results. In recent years, the financial impact on the dual economy dual economy in the field of research has been gradually attention, more and more scholars began to focus on this issue, foreign scholars analyzed the financial impact of financial repression and binary dualistic economic transformation; domestic scholars are more concerned with the relationship between financial development and dual economic transition, as well as rural finance Dual economy transition effect. But so far, financial support dual economic transition in the presence of certain dual economy theory insufficient, the need to strengthen in-depth study. In this paper, the financial sector to introduce dual economy in transition mode, in-depth analysis of the impact of the financial support for the dual economic restructuring, comprehensive and systematic study of the major problems and causes of Dual Economy Transition of financial support exists for the United States, France Japan, Taiwan of China, and India Dual economy transition of the lessons of the financial support for a comparative analysis, based on the above studies, discussed the strengthening of our financial support dual economy in transition countermeasures.The main contents of this paper are:First, the domestic and foreign research literature systematically combing and objective evaluation. Since the advent of Lewis Dual Economy Transition Model, foreign scholars from different angles of the dualistic economic structure and transformation of developing countries, the classical theory of dual economy increasingly integrated neo-classical, Keynesian, new classical economics, new institutional economics research methodology and analysis tools, the research needs to absorb the constraints, the evolution of division of labor, market segmentation, income distribution, etc., to break through the limitations of a single paradigm, the formation of a dual economy in transition and the theory on a consolidated basis. Domestic scholars focused on the structure and morphology of our economy, the agricultural labor force and its role in the transformation of dual economy, institutional change on the dual economic transition, as well as Chinese judge Lewis turning point four aspects. Academia began to finance the transformation and dual economic ties in recent years, up study analyzes the relationship between financial development and transformation of dual economy, the impact of the urban and rural finance and rural financial development of the dual economic transition, but whether it is on the number of research results, but also on the depth and breadth of research is concerned, the issue of financial support for the dual economic transition theory is still the need to strengthen research links.Second, financial support Dual Economy Transition theoretical evidence. It analyzes the basic meaning and the core issue of the dual economic transformation, examining division stage dual economic transformation; explores the role of financial support for the Dual Economy Transition from three aspects of the rational allocation of capital accumulation, technological progress and financial resources mechanism to study the characteristics of the dual economic transition at different stages of financial support; the financial sector to introduce dual economy model, using quantitative analysis method to study the mathematical expressions for financial support dual economy transition effect, the logical deduction of analysis results of the model of.Thirdly, the effects of Chinese History and the Present Dual Economy Transition of financial support. Calculate the economic changes of the dual contrast coefficient since the reform and opening up, and that analysis of the historical evolution of the dual economic transformation to domestic scholars research results as the basis for China’s economic transformation has been binary simple judgments; design measure the financial support of the index system, and through China’s rural financial loans related rate, loan to deposit ratio in rural areas, as well as dual financial statistics described contrast coefficient, examines the transformation of the dual economic and financial support of the historical evolution of reality.Fourth, the relationship between China’s financial support and dual economic transformation test were measured. Construction of the Econometric Models and Financial Support Dual Economy Transition relations for dual contrast coefficient growth rate and the growth rate of agricultural loans, loans to non-agricultural growth, agricultural employment rate of population growth, non-farm employment growth rate was four variables regression analysis. It was concluded that agricultural loans have a positive impact on crucial dual economy in transition, in order to verify the present theory empirical findings.Fifth, this article from our financial support system is imperfect, weak quality of agriculture and financial capital benefits or reduce the nature contradicts our dualistic agricultural land system leads to a lack of mortgage collateral, the local government incentive appraisal system is not perfect four It analyzes the causes of this stage dual economic restructuring financial support insufficient.Sixth, an overview of the United States, Britain, France, Japan, India, and Chinese Taiwan and other countries and regions in the dual economy in transition Financial Support institutional arrangements and policies and measures; and to analyze its financial support according to the different stages of the Dual Economy Transition different characteristics, drawn from the Enlightenment and reference.Seventh, we discussed the strengthening of financial support to promote the transformation of the dual economic countermeasures. First, strengthen legislation and enforcement of financial support, financial support for the dual economic transition from the policy level to rise to the legal level; second is to establish a sound system of financial support dual economic restructuring, the rational allocation of financial resources in urban and rural areas; Third, deepen rural land institutional reforms to reduce the financial risks of agriculture-related loans; Fourth, the performance evaluation system reform government officials to encourage them to pay attention to rural finance development and create a favorable financial support Dual economy transition institutional environment.