| As main financial service in China’s rural areas, agricultural credit plays an important role in rural economic development. However, the function of agricultural credit is dependent on its own efficiency. Naturally, What is the present situation of the agricultural credit efficiency? What affects and how to improve its level? In order to answer the above questions, the dissertation put agricultural credit institutions as a breakthrough and analyses the relevant problems about agricultural credit efficiency from internal and external perspective respectively and making comparison by institutions and regions.With questionnaire surveys, quantitative analysis and comparative analysis respectively, the dissertation analyses agricultural credit efficiency of Fujian province using theory analysis combined with empirical test. In accordance to the analysis result, it puts forward the policy proposals for constantly enhancing the credit efficiency.The dissertation mainly studies the following contents:(1) based on the precursors’research, it defines the concept of agricultural credit efficiency and its subject attribute, puts forward research perspective, general thoughts and framework. etc;(2) it defines the internal and external efficiency of agricultural credit institutions from the perspective of agricultural credit institutions, then analyses the unification and contradiction relationships between them;(3)Adopting the sample data of Fujian agricultural credit institutions, it evaluates agricultural credit efficiency of different institutions and regions from 2000 to 2009 in Fujian province using the method of financial analysis and DEA method respectively, and analyses the factors affecting internal efficiency of agricultural credit institutions with the method of questionnaire survey;(4) On the evaluation of external efficiency of agricultural credit institutions, it empirically analyses the influence of agricultural credit to the agriculture development and farmers’income lever with the data of agricultural loans, added value of agriculture industry and farmers’income since the reform and opening-up, then estimates the overall external efficiency of the agricultural credit institutions, which is aimed to promote the rural economy development; Secondly, using the sample data of 24 counties of Fujian province during 2000-2009, it analyses the regional differences of rural household farmers’credit efficiency with the method of panel data model and the influencing factors of the credit efficiency with the method of dualistic selection Probit model; Finally, it analyses the credit efficiency of agricultural enterprises and its influencing factors with quantitative analysis and analytic hierarchy process;(5) In accordance to the conclusions, the policy proposals to promot the agricultural credit efficiency is putted forward from the perspective of supply adjustment and efficiency compensation with review of international experience on agricultural credit system.The dissertation draws the following conclusions on the agricultural credit efficiency.(1) The results of DEA method show that among Fujian agricultural credit institutions, state-owed commercial Banks, joint stock commercial Banks have the highest efficiency, whereas the efficiency of the rural cooperative financial institutions is relatively lower; On the aspect of the regional internal efficiency difference among Fujian agricultural credit institutions, the more developed of the regional economy is, the higher efficiency of the credit agency presents. However, the gap of efficiency among different regional credit institutions present a narrowing trend, which is evidently reflected by the efficiency enhancement among the credit institutions of undeveloped areas.(2) On the aspect of external efficiency of agricultural credit institutions, the agricultural credit promotes the rural economy development to some extent, but the contribution to the agriculture production and macro-efficiency is relatively smaller and lower than the fiscal support funds for rural economy; Meanwhile, regional difference presents on the agricultural credit to the rural economy development, the undeveloped areas enjoy the highest efficiency while the efficiency of developed areas is the lowest of all.(3) The empirical test shows that increasing rural household farmers’credit investment plays positive role in improving both farmers’income and consumption level. However, the result of panel data model reveals that there is negative relationship between per capita GDP increase and positive effects of credit to farmers’income and consumption growth, that is to say, the positive effects of undeveloped area is the highest of all areas, while the effects is the lowest in developed areas. (4) The input-output elastic model of agricultural credit constructed in the dissertation shows that the efficiency of agricultural enterprise credit is higher than other forms of rural credit. New credit mainly flows to agricultural enterprises with highest efficiency, while low efficient enterprises get less or no loans.(5) It shows contradiction between the internal and external efficiency in agricultural credit institutions of Fujian province. The higher internal efficiency doesn’t mean higher external efficiency automatically. In other words, the agricultural credit institutions with higher internal efficiency are not definitely the ones that make greater contributions to the rural economy development. As for different regions, the agricultural credit institutions should take different strategies due to stage of economic development. Therefore, the demand and supply of financial system should be matched equally to better serve the rural credit market.The dissertation has made innovations and breakthroughs in the following aspects: (1) It puts forward a comprehensive definition for the efficiency of agricultural credit, and investigates it from comprehensive and multi-level aspects; (2) The dissertation creatively analyses the efficiency of agricultural credit from perspectives of internal and external efficiency of the agricultural credit institutions, successfully solving the difficulty of finding appropriate target when measuring the efficiency of agricultural credit; (3)Study agricultural credit efficiency empirically. For instance, using DEA method to evaluate the internal efficiency of agricultural credit, by regions and by institutions respectively; Utilizing statistics dates, such as agricultural loans, agriculture growth, and farmers’income, for the empirical analysis of how agricultural credit has impacted the agricultural development and farmers’income since China’s reform and opening-up, thereby estimating the overall external efficiency of agricultural credit institutions; Adopting econometric methods when evaluating the farmer’s and agricultural enterprises’credit efficiency, which are two kinds of external efficiency of agricultural credit; (4) The dissertation provides some innovative thoughts in supply adjustment and efficiency compensation as well as systematic and detailed measures in problem-solving part. |
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