Study On Operational Efficiency Evaluation And Reform Strategy Of Agricultural Credit System In China

The development of agriculture and rural economy is very important for economic development and social stability because agriculture is a very important basic industry. In recent years,documents No.1 of new socialism countryside and modern agriculture show that agriculture and rural issues are critical in China. The development of modern agriculture needs input of funds, technology and labor. And capital as the primary element plays a supporting and facilitating role in the development of agriculture. As Theodore W. Shultz, a famous economist, in 1964 in the Transformation of Traditional Agriculture says that the transformation of traditional agriculture to modern agriculture needs a series of conditions including both material capital and human capital, and these conditions depend on the agricultural investment. Therefore, the key to solve the development of modern agriculture is to find the source of funds. The experience of developed countries shows that with the development of agricultural modernization the agricultural credit funds of financial institutions will be the main source. Therefore, agricultural credit funds of financial institutions will play an important role in the development of modern agriculture.In recent years, China has vigorously supported the development of agriculture by input plenty of agricultural loans, the input of agricultural credit has improved in size and number. As at the end of December 2007, the number of agricultural credit has been 15429 billion yuan. However, the existing inputs can not still meet the demand, there is phenomenon of the low level of agricultural credit and farmers being difficult to obtain loans. There are many influencing factors of agricultural credit problem, but ultimately the most important reason is that the existing system of agricultural credit can not meet the development of agriculture and rural economy. Therefore the research explains emphatically the objective necessity of reforming and perfecting the system of agricultural credit, explores the behavior of agricultural credit in the system level to reduce uncertainty and transaction costs and finally propose suggestions of reforming and perfecting the system of agricultural credit of China by a range of methods such as empirical analysis and normative analysis. There is important theoretical and practical value for developing agricultural credit theory, regulating and perfecting the system of agricultural credit and promoting the construction of modern agriculture and new countryside.The dissertation divided into nine chapters.Chapter 1 is introduction.Chapter 2 is a theoretical analysis and defining concept of agricultural credit. This chapter firstly defines some concepts of agricultural credit, system of agricultural credit and performance of system of agricultural credit and so on. on this basis this chapter expounded theories about institutional economics, agricultural economics, rural finance and so on.Chapter 3 analyses the historical changes of system of agricultural credit. This chapter summarizes the characteristics and adaptability of the historical changes of system of agricultural credit since 1949 based on the mechanism that rural economy determines agricultural credit, agricultural credit promotes rural economy.Chapter 4 analyses the present situation of system of agricultural credit. This chapter focuses on the defects of supply system of agricultural credit, Organizational system of agricultural credit, agricultural credit market and agricultural credit supervision.Chapter 5 measures the operational effectiveness of system of agricultural credit. This chapter gives an empirical analysis of the operational effectiveness of system of agricultural credit based on the analysis of the effectiveness of Organizational system of agricultural credit, agricultural credit market, agricultural credit supervision and system innovation. The operational effectiveness of system of agricultural credit finally shows the impact of agricultural credit on agricultural output This chapter systematically analyses the operational external effectiveness of system of agricultural credit by collecting quarterly data of agricultural credit on agricultural output (1999-2006) and building number model.and shows the objective necessity.Chapter 6 is a comparison of international system of agricultural credit. This chapter comprehensively summarizes the characters of system of agricultural credit of typical states and expounds the reference to reform and perfect system of agricultural credit of China.Chapter 7 proposes the basic strategy of system of agricultural credit of China. This chapter researches the basic principles, elements, framework and so on in the primes of implementing the scientific development concept and aim of promoting the development of modern agriculture and new countryside.The main innovations of this dissertation are in many aspects: it reveals that the most important reason leading to agricultural credit problem is that the existing system of agricultural credit can not meet the development of agriculture and rural economy; the dissertation constructs the operationl efficiency evaluation system of agricultural credit system and makes systematically the target, principle and content framework of agricultural credit system reform. But it needs to study future the fllowing question:the refinement of the operationl efficiency evaluation system of agricultural credit system,the regional difference of agricultural credit system rural finance operational efficiency.