Studies On The Impact Of Hunan Province Rural Consumer Credit On The Rural Residents’ Consumption Growth

The core of the “Problems about Agriculture, Rural areas and Peasantry” is to solve thePeasantry problem, and Peasantry problems mainly reflected in the income and theimprovement of living standards. The growth of the rural consumption can not only improvethe living standards of the rural residents, also can promote the growth of the rural economy,this, in turn, improve the rural residents’ income. The rural consumption level is low in ourcountry is indisputable fact that, this is largely limits the rapid development of China’s ruraleconomy and the deepening of the rural financial reform. Gradually over the years, ourcountry have issued a package of measures to promote the development of rural consumptionas well as the measures, designed to encourage financial institutions to increase credit supportfor rural residents consumption, so as to promote rural consumption.As a big agriculture province in the central region of Hunan province rural residentpopulation, with the study of rural consumer credit and the correlation of consumption growthis very representative. First of all, explains the relevant theories of rural consumption andrural consumption credit, reveals the rural consumer credit is through what way affectconsumption. Then, from the Angle of reality, to observe various consumption characteristicsof Hunan province rural residents, discusses the status quo of Hunan rural residents’consumption and consumer credit, through the preliminary statistical analysis and contact thepresent consumer credit to carry out the situation of Hunan province, found that indeed thereis a correlation between them, using the error correction model and methods of greycorrelation degree, and then from the empirical point of view of Hunan province ruralconsumer credit and the correlation of rural residents’ consumption growth: at present, thedevelopment of rural consumer credit can be from a certain extent, improve the level of ruralresidents’ consumption, solve the current insufficient effective demand in rural areas, promotethe rural development in Hunan province, and on the whole drive economic growth, but thiseffect is smaller than the effect of income on consumption. Research results can be for therural consumer credit and the development of the rural residents’ consumption growth toprovide empirical support; also as to improve the rural financial service system, improve theinfrastructure of the rural market, optimizing the structure of the rural consumer credit relatedpolicy theory reference.