Production Loans Of Residents And Income Growth

In recent years,the problem of loan disequalization is extremely prominent in our country urban and rural,the enormous outflow of the rural funds,the loan needs of rural residents are not being met.Meanwhile,with the development of economy and society,the income gap of residents in our country is widening continuously.Based on the perspective of comparison between urban and rural areas,we will do a empirical research on productive loan and its impact on household income of the residents respectively with Chinese Families Financial Investigation data in 2011.Firstly,this paper makes an empirical analysis of the factors that affect the productivity of the residents by using the Logit model,research shows that:(1)The employment quality only has significant negative effect on the availability of productive loan on rural resident,and through the establishment of the mediation model to verify the employment quality affect the mechanism of the availability of productive loan through risk appetite just set up for the urban areas rather than in the countryside;(2)The credit level,income,political status,income level last year,family assets and population size of family has significant positive influence on the choice of productive loan;(3)Local public security situation,job duties and local registered permanent residence has a significant negative relationship with the choice of productive loan.Secondly,this paper empirically analyses the impact of the residents' productive loans on their income.Because of the endogenous,this article selects "community or village economy" status as instrumental variable,to solve the problem of endogenous very well,and the empirical results found out that:(1)Residents income have positive correlation with productive loan;(2)Regional factors,the number of members,the head of the household of gender,age,education degree,politics has significant positive influence on the income level of resident;(3)Compared with urban residents,rural residents productive loans has bigger influence on its income level;(4)Political status has no significant effect on the income level of rural residents,and it has a significant impact the income of urban residents.Finally,this paper puts forward the following policy recommendations based on the conclusions of the above research:(1)Reduce the risk of excessive fear of rural residents to optimize the production of loans of rural residents;(2)Through multi channels and ways to increase the income of urban residents,and enhance the sense ofintegrity of urban residents to improve the availability of loans to urban residents;(3)Through relevant policies and system support,and strengthen the rural financial institutions to support the rural residents' loans,and encourage rural financial institutions to speed up the process of informatization construction to solve the problem of rural residents "loan".