The Influence Of Rural Financial Market Structure To Rural Fund Allocation Efficiency

Since the reform and opening up, the rural financial market has been expanding its money, but money area and industry imbalance lead to can’t meet the increasing demand for loans to rural areas, in addition, China’s regional economic development are not synchronized determines the differences in the levels of rural economy, demand for financial services is very different. Based on attracting capital flow to different regions of the difference of regional configuration efficiency of funds is the power of the capital allocation efficiency under the premise of the increase in net inflow can ease the plight of rural financial market shortage of funds, so as to promote rural economic development and improvement of living standards of farmers; Inefficiency or low efficiency in the allocation of cases, even if a huge increase in capital investment, funds may also be because caused by misuse is not a positive impact on the economy. Therefore, further study of rural capital allocation efficiency, to promote rural economic development, increasing the income of rural residents, promote the construction of "three agriculture" has positive significance, but also conducive to the rural financial system innovation and reform of rural financial market.Rural capital allocation efficiency in this paper first reviewed the domestic and foreign research literature, and the existing research was reviewed. To rural financial and capital allocation efficiency at the same time the related theory of briefly summarized, summarizes the structure of rural financial market measure method and measure of capital allocation efficiency and influencing factors. On this basis, the capital allocation efficiency in rural areas through theoretical analysis, the influence factors of determining the empirical model and relevant variables; Secondly, this article from the rural financial market structure, efficiency of capital allocation, industrial structure, financial deepening degree of several aspects of the present situation of the rural financial market in Jiangsu province are analyzed; Finally, with 50 county of Jiangsu province in 2002-2011 panel data for the analysis object, using the panel data Tobit model to analysis the influence factors of rural capital allocation efficiency, draw the following conclusions:(1) The rural financial market in Jiangsu province still belongs to oligopoly market, rural financial market concentration showed a trend of decline after rising first. Due to differences in level of economic development, rural financial market concentration significantly lower than the northern Jiangsu area of the south of Jiangsu and middle region.(2) Rural capital allocation efficiency in Jiangsu province, on the whole, presents the tendency of decline after rising first, then declined slightly, among them, the pure technical efficiency trend from down to up trend, and the scale efficiency are declining trend.(3) Using a limited dependent variable random effects Tobit model empirical analysis of rural financial market structure change of rural capital allocation efficiency:the influence of the rural financial market concentration decline is benefit to the improvement of rural capital allocation efficiency; Financial deepening degree of rural financial market allocation efficiency have a significant negative impact, the first industry of rural capital allocation efficiency is a significant positive correlation, but the southern Jiangsu and middle region of the first industry of rural capital allocation efficiency is a significant negative impact.Based on the above theoretical analysis and empirical research, this paper puts forward the following Suggestions: first, we will deepen reform of the rural financial system and to reduce the rural financial market access threshold, encourage financial institutions to rural areas; second, according to the SCP paradigm of industrial organization, market structure decided to market behavior and market behavior determines market performance, improve the rural financial market structure, make it adapt to the local social development; Third, perfect the rural financial system construction, government regulation and market rules both contribute to rural economic development; Fourth, the innovation of rural capital allocation efficiency evaluation system.