Research On The Effect Evaluation Of The Reform Of China’s Rural Credit Cooperatives

Since the reform and opening up,rural credit cooperatives,as financial institution s in rural areas,have played an important role in serving "agriculture,rural areas and f armers".In 2003,The State Council promulgated the "Deepening rural credit Coopera tive Reform Pilot Program",the implementation of the program opened a new round o f rural credit cooperative reform centered on the reform of property rights.By the end of 2021,12 provinces and cities have completed the reform of rural credit cooperative s.In the twenty years of deepening the reform of rural credit cooperatives,this round o f reform has achieved remarkable phased results and effectively promoted the reform of rural financial system,but there are still problems affecting the sustainable develop ment of rural credit cooperatives in the actual operation.In view of this,this article thr ough to scientifically theoretical analysis framework to evaluate effect of rural credit c ooperatives reform is very important to further study of rural credit cooperatives refor m course,objectively assess the effect of the reform of rural credit cooperatives,as pr oposed by the central file no.1,2022 to speed up the reform of rural credit cooperativ es to provide theoretical guidance and policy basis.Firstly,this paper reviews and summarizes the existing research to find the contri bution and deficiency of existing research,so as to establish the research direction of t his paper.Secondly,through the reform of rural credit cooperatives to track the reform of rural credit cooperatives status quo and existing problems.Thirdly,using the panel data of rural credit cooperatives in Fujian Province,the reform efficiency of rural cre dit cooperatives in Fujian Province is estimated by using a variety of methods,and the reform effect of rural credit cooperatives is comprehensively analyzed from two dime nsions: the change of overall efficiency and operating efficiency,its influencing factor s and convergence,and the effect of regional economic growth.Finally,on the basis o f the research,put forward policy suggestions to accelerate the reform of rural credit c ooperatives.Through the evaluation of the effect of rural credit cooperative reform,the following conclusions are drawn:(1)The static and dynamic calculation and analysis of the reform efficiency of rural credit cooperatives in Fujian Province are carried out.From the static perspective,considering that the overall efficiency and operating efficiency of the unexpected output are both improved and the trend of change is consistent,it indicates that the improvement of the reform and operating efficiency of rural credit cooperatives is not at the cost of the loss of agricultural support services.Rural credit cooperatives have not weakened their efforts to serve "agriculture,rural areas and farmers" while achieving sustainable business.From the dynamic perspective,the total factor productivity indexes of overall efficiency and operating efficiency are both greater than 1,indicating that the overall performance and operating performance of rural credit cooperatives have been improved.(2)The internal factors that affect the reform efficiency of rural credit cooperatives include asset scale,cost-income ratio,employee shareholding ratio,liquidity ratio and capital allocation ability,while the external factors that affect the reform efficiency of rural credit cooperatives include economic development level,industrial structure,financial payment ability and industry competition.(3)The reform efficiency of rural credit cooperatives shows significant convergence characteristics.There is a "catch-up effect" between rural credit cooperatives with low reform efficiency and rural credit cooperatives with high reform efficiency,and the difference in the reform efficiency of rural credit cooperatives decreases over time.(4)The reform of rural credit cooperatives can significantly promote regional economic growth,that is,the establishment of rural commercial banks can significantly promote regional economic growth.From the rural credit cooperatives development scale,market structure and operating efficiency of these three indicators to measure the level of rural credit cooperatives development,found that expanding the scale of rural credit cooperatives development can promote regional economic growth and rural credit cooperatives market structure optimization can promote regional economic growth.The innovation of this paper is mainly reflected in the following three aspects:First,this paper measures the reform efficiency of rural credit cooperatives in different regions and different forms of property rights organization from the overall efficiency and operational efficiency of the reform.Existing research on the efficiency of rural credit cooperatives reform is mostly measured by the operating efficiency in a specific period.Decomposition in this paper,the efficiency of rural credit cooperatives reform,from the reflection of rural credit cooperatives business sustainable and social benefits to maximize the overall efficiency and reflect the operating efficiency of the rural credit cooperatives sustainable growth ability two aspects to measure the efficiency of rural credit cooperatives reform,make the evaluation of the efficiency of rural credit cooperatives reform more comprehensive.Second,the paper introduce the nonperforming loans as an expected output indicators ultra-efficient SBM models and Malmquist index method to measure the efficiency of the reform of rural credit cooperatives,rural credit cooperatives inevitably accompanied by the generation of bad loans in the process of operation,by considering the expected output of non-performing loans to contrast analysis of the static and dynamic efficiency reform affect the deep reason of change,More conducive to analysis close to reality,improve the efficiency of the evaluation results of scientific.Thirdly,this paper comprehensively evaluates the effect of rural credit cooperative reform from two dimensions of reform efficiency and economic growth level.Existing researches on the evaluation of the effect of rural credit cooperative reform are mostly conducted from a single perspective,and there are few multi-angle research frameworks for the evaluation of the effect of rural credit cooperative reform.This paper analyzes the final impact of the reform from the two dimensions of the reform efficiency of rural credit cooperatives and the promotion effect of regional economic growth,providing a new research perspective for the evaluation of the reform effect of rural credit cooperatives.This paper evaluates the effect of rural credit cooperative reform with a variety of empirical analysis methods in a multi-dimensional way,providing new ideas,new perspectives and scientific and reasonable policy suggestions for the reform of rural credit cooperative in the new era.