Financing Mechanism For Sustainable Development Of Oasis Agriculture In Xinjiang

The central question of this dissertation is to build financing mechanisms for supporting oasis agriculture sustainable development in Xinjiang. Based on the financial development theory and public finance theory, long-run equilibrium relationships and stimulating effects of financial and credit funds supporting agriculture to the sustainable development of oasis agriculture were analyzed. Application financial interrelations ratio (FIR), capital demand, capital supply, demand and supply gap of sustainable development of oasis agriculture have been measured. With the status of sustainable development oasis agricultural financing, financing mechanisms has been built, including sustained and steady growth of the financial input mechanism, the rural capital return mechanisms, agricultural risk dispersion and compensation mechanisms, financial incentives for sustainable development of agriculture mechanism. Based financing mechanisms for sustainable development of oasis agriculture, policies and proposals have been put forward. Financial subsidies, preferential policies, financial support for agriculture should be increased financial support for the role of the sustainable development of oasis agriculture intensity. The role of the main force of rural credit cooperative should be full played in agriculture. The different statuses policy of banks, commercial banks and postal savings banks should be clarified in the sustainable development of oasis agriculture. Exploration and innovation in agricultural security model should be acted. Private financing should be regulated. The credit system and legal system should be improved for the sustainable development of oasis agriculture providing a good external finance environment. This dissertation is divided into eight chapters, content of each chapter and innovation points are as follows.Sustainable development of oasis agriculture has great significance for social and economic development in Xinjiang. Financing is a key issue to sustainable development of oasis agriculture. After review of literatures home and abroad, research ideas, research content, and research methods, the possibility of innovations are explained. Sustainable development of oasis agriculture finance theory. The financial development and economic development theory, rural finance theory and the theory of public finance for sustainable development of agriculture are the theoretical basis for sustainable development of oasis agriculture. Finance, credit funds promote agricultural economic development. Resources and the environment provide resources and protection for agriculture sustainable development and promote of social progress.According to the financing mechanism for sustainable development of oasis agriculture status, the main problems of the financing mechanism is not perfect, such as lack of financial support for agriculture inputs; conflicts between capital outflows and the financing difficulties of rural; agricultural risk management and decentralized mechanism and the corresponding of agricultural credit guarantee system for supporting.Oasis agricultural sustainable development fund supply and demand analysis. Sustainable development oasis agriculture of demand for the theory of capital and actual capital requirement were measured by financial interrelations ratio. Requirements resulting gap was mainly due to the low efficiency in agricultural output, agricultural production inputs to meet the basic consumption needs only after the remaining funds can be carried out. Funds of formal financing channels and private financing were measured and analyzed the causes of lack of capital supply and demand.Evaluate and analysis of sustainable development oasis agriculture. Based on review of literatures home and abroad for the evaluation of sustainable agricultural development, economic, resources and environment and socio-demographic 18 indicators are chose to build an oasis of sustainable agricultural development evaluation index system. The 1989 ~ 2007 the sustainable development of oasis agriculture have been evaluated by principal component analysis (PCA) in Xinjiang. The results showed that: oasis agricultural sustainable development was improved continuously. Coordination of three subsystems was more and more low. Pulling effect and long-run equilibrium between fiscal and financial inputs and the sustainable development of oasis agriculture were analyzed. Long-run equilibrium relationship was verified by co-integration analysis the formal financing channels of fiscal support for agriculture investment and financial institutions. Fiscal support for agriculture invested for every 1% increase in the level of sustainable development of oasis agriculture increased 0.114%. Agricultural loans of financial institutions for every 1% increase in the level of sustainable development of oasis agriculture increased 0.108%. Pulling effect of fiscal, monetary funds for supporting oasis agriculture were analyzed by state-space varying parameter model from 1989 to 2007.Finance experience of agriculture sustainable development in other countries. (fiscal and monetary financing of finance) experience and pattern are summarized developed countries as the United States, France, Japan, and developing countries India in agriculture sustainable development. Using the experience and pattern of other countries for reference in financing mechanisms for sustainable development of oasis agriculture provide a reference.Build financing mechanisms for sustainable development oasis agricultural. In the above analysis and experience from foreign financing of sustainable development of agriculture, financing mechanisms was built for sustainable agricultural development with an oasis of sustainable financing for development status quo, including sustained and steady growth of the fiscal input mechanism, the rural capital return mechanisms, agricultural risk dispersion and compensation mechanisms and sustainable agricultural development financing incentives.Improve the financing mechanisms for sustainable development of oasis agriculture policy and suggestions. To improve the financing mechanisms for sustainable development of oasis agriculture should be have a clear scope of the fiscal support for agriculture and play the guiding role of the financial support for agriculture. Operational risks should be controlled to improve the quality of credit assets of rural credit cooperatives. Rural credit cooperatives should be played the role of the main force in supporting sustainable development of oasis agriculture. The position and responsibilities of policy banks, commercial banks, postal savings banks and village banks should be clearly in financing sustainable development of oasis agriculture. Models of agricultural loan guarantees should be active and innovative to solve the problem of agricultural mortgage loans. Private finance should be regulated. The environmental aspects of the financing should be improved the financing mechanisms.