Research On The Influence Of Rural Financical Development On Farmers' Income In Shaanxi Province

In recent years,the issue of farmers 'income has become the focus of attention,rural financial development is an important tool to promote farmers' income,the relationship between the two has aroused widespread concern.However,the current research on the relationship between rural financial development and farmers' income is mostly based on the national level and mostly based on the formal rural finance point of view.The literature based on local and informal finance is also rare.Based on this,this paper chooses Shaanxi Province as the research area,and uses literature research and empirical analysis to study its impact on farmers' income from two aspects: formal finance and informal finance.First of all,we read a lot of literature and outline the research theory,including the definition of rural finance and farmer's income,and the related rural finance and farmer's income theory.Secondly,by collecting relevant information and actual investigation,The paper analyzes the situation of the farmers' income and the development of rural finance.Thirdly,combining with the theoretical basis and the domestic and foreign research trends,this paper puts forward the relevant theoretical assumptions,then deals with the collected data and selects the index,and then establishes the index system.On the basis of the theoretical hypothesis,the author chooses and establishes the appropriate econometrics model,carries on the empirical analysis to the rural finance development and the farmer's income in Shaanxi province,draws the conclusion and puts forward the pertinent suggestion.Through the research,the main conclusions are as follows:(1)Regular rural finance: There are long-term cointegration relations between the variables of regular rural finance development and farmers' income.In the long run,the efficiency and development structure of rural finance,the level of agricultural modernization,Rural labor force employment structure and government financial support for agriculture has a positive effect on the income of farmers,while the scale of rural financial development,investment in rural fixed assets and agricultural production prices have inhibited the growth of farmers' income,in general,the formal rural financial development Promote the growth of farmers' income.There is only one-way causal relationship between formal rural financial development and farmers' income.(2)Informal rural finance: informal rural financial development indicators and farmers' income there is a long-term equilibrium relationship.The scale of the development of informal rural finance has a positive effect on the income of farmers,while the efficiency of rural financial development has a positive effect on the income of farmers,the proportion of farmers 'investment,the ratio of government financial support and the employment structure of rural labor force have promoted the growth of farmers' While the level of agricultural modernization has hindered the increase in farmers 'income.In general,informal rural financial development is promoting the increase of farmers' income.The scale and efficiency of informal rural finance are the Granger causes of farmers' income,but the income of farmers is not the reason for the financial development of informal rural finance.(3)The development of regular rural finance and informal rural finance in Shaanxi Province has different positive contributions to the income of farmers,but the effect of informal rural finance on farmers' income is obviously greater than that of formal rural finance.Based on the above results and analysis,this paper puts forward some suggestions on how to improve the rural financial system in Shaanxi province,expand the scale of rural financial loan,promote the legalization of informal rural finance,increase the scale of informal rural financial loan,Large government support agriculture,strengthening the transformation of rural labor force employment structure and the adjustment of rural(household)investment in fixed assets and other countermeasures and suggestions.