| The reform of China's agricultural supply-side structure is deepening,the strategy of rural revitalization is implementing steadily,and high-quality agricultural development has entered a new stage,but the work of “agriculture,rural and farmers” still faces many problems.Finance supporting is an important mean to solve the problems which the agriculture is facing.Finance supporting can provide funds to guarantee the development of industrialization projects by means of leveraging and guiding.What the impact of finance supporting for comprehensive development industrialization projects on agricultural economic growth is,that is the emphasis of the paper.The paper uses macro statistical data and micro survey data,adopts statistical analysis,panel data model and other methods to research.Firstly,put forward the theoretical basis of this paper,and analyzes the influence mechanism and dilemma of the comprehensive development industrialization project supported by finance on agricultural economic growth theoretically.Secondly,combing the reason,historical evolution and development status of the comprehensive development industrialization project supported by finance.Finally,explore the impact of finance supporting for comprehensive development industrialization projects on agricultural economic growth from the micro and macro perspectives.The main conclusions are as follows.First,as an important construction subject of the comprehensive development industrialization project supported by finance,agricultural leading enterprises take their own development as the starting point and have a significant impact on the growth of agricultural economy in the micro perspective.By researching 40 typical agricultural leading enterprises in Hebei province and Tianjin city,collecting indicators' data of agriculture leading enterprise scale,operating conditions,input and output,the growth ability in 2014-2018,using panel data model to analyze.The result shows that the comprehensive development industrialization projects supported by finance increase by 1 unit,will promote the sales income and net profit of agriculture leading enterprise to increase by 0.1207 and 0.1271 units.Second,as an important participant and beneficiary of comprehensive development industrialization project supported by finance,the status of farmers' income is a micro “window” of financial input and output.To explore whether the project will increase farmers' income and the effect can provide a micro perspective for the growth of agricultural economic.The method of PSM is used to estimate accurately after eliminating the difference and selective bias.The result shows that per capita net income of farmers in counties with comprehensive development industrialization projects increased by 15.73% compared with counties without comprehensive development industrialization projects.Third,based on the provincial spatial dimensions,it is shown that the macro-effect of the comprehensive development industrialization project supported by finance on the agricultural economic growth is significantly different in regions.The output elasticity of eastern,central and western regions is 0.0076,0.0120 and 0.0080 respectively.In the central region which is a large agricultural region,the financial input has played a positive role.Fourth,based on the county-level spatial dimensions,it is shown that the comprehensive development industrialization project supported by finance can promote the growth of macro agricultural economy.By researching Beijing,Tianjin,Hunan,Hubei provinces and other areas,collecting indicators' data of the finance which was used to support comprehensive development industrialization project,the first industrial output,agricultural infrastructure,agricultural production inputs,agricultural technology popularization and so on,using the method of DID to analyze.The results showed that the net effect of finance supporting for comprehensive development industrialization projects is 0.3366.Combined with conclusions of the research,this paper puts forward the following policy suggestions.Firstly,Sound fiscal increasing and regulatory mechanisms.Secondly,establish and promote effect evaluation and correction mechanism;Thirdly,optimize capital allocation and implement differentiated supporting measures;Fourthly,improve the target accuracy of finance supporting for comprehensive development industrialization projects. |
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