Research On The Impact Of Rural Financial Development And Financial Support On Rural Residents' Income In China

The issue of farmers' income is the main aspect of the major contradictions that our government cares about.Increasing the income of rural residents not only affects the development of the rural economy,but also is an important prerequisite for promoting the building of a well-to-do society in an all-round way.With the continuous development of China's rural finance and the increase in the government's financial support for agriculture,rural finance and financial support for agriculture have increased the impact on rural residents' income.The research on the income effects of rural financial development and financial support for agriculture has become a concern of most scholars.However,the current research on rural residents' income mostly stays in the unilateral aspects of rural financial development or financial support for agriculture.Even if the rural financial income effect is introduced into fiscal support,it is treated as a controlled variable.Lack of financial support for agriculture through rural finance The analysis of the indirect impact of development on the income of rural residents,therefore,this paper combines the development of rural finance and financial support for agriculture,and specifically analyzes the income effect when they work together,which has a certain theoretical necessity.At the same time,the development of China's rural financial system is not perfect,long-term lack of credit supply and capital outflows,resulting in many rural financial scale and low efficiency,can not be a good way to promote the development of rural economy;financial support agriculture in the process of promoting rural residents to increase income There are many problems:irrational structure,less investment in agricultural science and technology investment,comprehensive agricultural development,poverty alleviation,etc.,and a serious shortage of rural infrastructure investment,restricting the improvement of rural production environment and production conditions,and squeezing out some financial support farmers.Input efficiency.On the other hand,the scale of financial support for agriculture is much lower than the optimal size of financial support for agriculture,and its fund-filling effect on rural finance is not ideal.Therefore,it is very necessary to analyze the problems of rural financial development and financial support for rural residents' income optimization and explore solutions.Therefore,based on the data of 31 provinces in China from 2001 to 2014,this paper analyzes the impact of rural finance,financial support for agriculture,and income of rural residents.The results show that:China's current rural financial development scale inhibits the growth of disposable income of rural residents in China.It has a particularly significant inhibitory effect on the transfer of rural residents' net income and net property income;financial support for agriculture has a capital-filling effect on rural financial scale,and has obvious positive effect on rural residents' disposable income;China's financial support for agriculture and rural financial development The impact on the disposable income of rural residents presents a regional difference.In order to stabilize the income of rural residents and optimize the income structure of rural residents,this paper gives policy recommendations from two aspects of rural finance and fiscal support.On the one hand,it is necessary to reform and improve policy-oriented rural finance,give play to the important role of commercial banks in the rural financial system,adhere to the leading role of cooperative finance in rural finance,and actively develop modern rural financial systems such as inclusive finance and internet finance.Rural financial development scale,improve rural financial efficiency,and guide the diversification of rural finance.On the other hand,we must increase the intensity of financial support for agriculture,expand the scope of financial support for agriculture,and give full play to its capital-filling effect on rural finance.We will adjust the structure of fiscal support for agriculture and clarify the focus of financial support for agriculture.Increase transfer payments in the central and western regions to narrow the regional gap.