An Empirical Study Of The Development Of Gansu Rural Financial Support For The Progress Of Agricultural Science And Technology

To speed up the development of rural economy, to realize the strategictransition of agricultural economy structure smoothly, to achieve theobjectives of building new socialist rural areas, the fundamental solutionand the core driving force lies in the progress of agricultural science andtechnology. However, it’s always difficult for the development of Gansuagricultural science and technology to break through the bottleneck ofinadequate input of funds. Financial capital is one of the most importantsources to raise money for the progress of agricultural science andtechnology, in the circumstances that government input is limited,strengthening finance supporting the progress of agricultural science andtechnology and expanding the channels to raise money for the progress ofagricultural science and technology have the important theoretical andpractical significance to solve the bottlenecks problems of the progress ofGansu agricultural science and technology input.Firstly, Paper reviews the theory of financial development, the ruralfinance development theory, the progress of agricultural science andtechnology. The paper expounds the development of the rural financialsupport mechanisms for the progress of agricultural science andtechnology as the theoretical basis of the paper. At The same time, fromthe realities of Gansu rural finance and agricultural science andtechnology development, the paper analyzes the development of Gansu rural finance to support the effectiveness and shortcomings of agriculturalscience and technology.On this basis, the paper designs variables about the development ofrural finance and the progress of agricultural science and technology.Using the descriptive statistics, the correlation analysis, the ADF unit roottest, co-integration test and Granger causality test and other methods, thepaper analyzes the empirical analysis about the development of Gansurural finance to support the agricultural science and technology. Theempirical results show that: there is a long-term stable equilibriumrelationship between the Gansu rural financial development and theprogress of agricultural science and technology, there is a positivecorrelation between the Gansu rural financial development and theprogress of agricultural science and technology. The Result explains thedevelopment of Gansu rural finance played a significant positive role inthe promotion of the progress of Gansu agricultural science andtechnology and the realization of agricultural modernization. But,between the development of the rural financial efficiency indicators andthe progress of agricultural science and technology contribution rate doesnot pass the Granger causality test, which reflects that the development ofGansu rural finance support the progress of agricultural science andtechnology inadequately and supportive manner should be improved.To deepen the reform of the financial system in rural areas, to improve the rural financial service system, to improve the efficiency ofrural financial development and the rural financial environmentcontinuously, the paper proposed suggestions about how to furtheroptimize the mechanisms on the development of Gansu rural financesupporting the progress of agricultural science and technology.