Research On The Influence Of Agricultural Loan In Henan Province On Agricultural Economic Growth

Under the conditions of market economy,agriculture is an important part of a country's economic development.Its development cannot be separated from the support of funds.The solution of the "three rural issues" is related to the prosperity and strength of the country.Agricultural loans are one of the main sources of agricultural funds.It plays an important role in rural financial development and the level of agricultural economic development.This study uses theoretical analysis,empirical analysis,spatial analysis,comparative analysis and qualitative and quantitative analysis,based on agricultural credit subsidy theory,rural financial market theory,imperfect competition market theory and agricultural loans to promote agricultural economic growth.The transmission mechanism,etc.takes Henan Province,a major agricultural province,as the research object,and analyzes the impact of agricultural loans in Henan Province on agricultural economic growth.Through the analysis of the status quo of rural financial and agricultural loans in Henan Province,it is known that the problem of expensive loans and loans is always the bottleneck restricting the development of “agriculture,rural areas and farmers”.In recent years,the Henan provincial government and relevant departments have focused on the issue of “agriculture,rural areas and farmers”.On the one hand,they have adopted innovative ways of using financial funds.On the other hand,they have further improved agricultural loan policies,optimized rural financial structure systems,and increased support for rural financial development,to effectively promote rural financial development.Through statistical analysis of data related to agriculture-related loans,it can be seen that the growth of agriculture-related loans in 2010-2017 is generally declining.The total output value of agriculture,forestry,animal husbandry and fishery showed a steady trend,with little change.The balance of agriculture-related loans showed an increasing trend,and the amount of growth was large.The balance of agriculture-related loans was almost twice the total output value of agriculture,forestry,animal husbandry and fishery.In recent years,although the environment for agricultural loans in Henan Province has generally tightened,the growth rate of agriculture-related loans has declined,but the financial institutions' investment in agriculture-related loans is still large.The empirical part of this study firstly discusses the impact of agricultural loans on the total output value of agriculture,forestry,animal husbandry and fishery in Henan from a long-term perspective.Using Stata software to carry out long-term time series regression analysis of Henan Province's 1978-2009 data,to study the relationship between the balance of agricultural loans and the total output value of agriculture,forestry,animal husbandry and fishery.Through Johansen cointegration test,we can see that there is a long-term equilibrium relationship among the variables in the model.There is a significant positive correlation between the balance of agricultural loans and the total output value of agriculture,forestry,animal husbandry and fishery.Then,from the perspective of space,the paper analyzes the impact of agricultural loans from various localities in Henan Province on agricultural economic growth.Using GeoDa software and ArcGIS software,based on the agricultural loan panel data of various prefecture-level cities in Henan Province from 2000 to 2009,the balance of agricultural loans of Henan Province and the spatial aggregation pattern of the gross domestic product of the primary industry was analyzed.According to the Moran Index of the GDP of the primary industry and the agricultural loan balance of financial institutions in 2000 and 2009,the GDP of the primary industry has spatial positive correlation in terms of space,while the agricultural loan balance of financial institutions does not have spatial correlation.Moreover,the spatial differences in the overall agricultural economic growth of the cities of Henan Province are relatively stable.In 2000 and 2009,there were no significant changes in the high-high accumulation areas and low-low accumulation areas of the GDP of the primary industries in various cities of Henan Province.On the whole,the proportion of agricultural loans in the southeastern part of the province and the GDP of the primary industry are higher than those in the northwest.At the same time,according to the Cobb-Douglas(C-D)production function model,through the Hausman test and robustness test,select the fixed-effect regression model,and learn that the financial institution's agricultural loan balance has significantly promoted the GDP of the primary industry.Therefore,appropriate increase of the financial loan balance of financial institutions can promote the development of agricultural economy in Henan Province.Finally,based on the empirical results of this study,combined with the actual development of agricultural development in Henan Province,the following policy recommendations are proposed: strengthen window guidance and promote the steady growth of agricultural loans;continue to promote rural financial reform,vigorously promote innovation in rural financial products and service methods,and improve The financial service level of “agriculture,rural areas and farmers”;formulating different agricultural loan policies for the actual situation of different cities in Henan Province,optimizing the investment of agricultural funds,making agricultural loan funds play their fullest effect;establishing an evaluation mechanism for agricultural loan policy-oriented effects,and improving the implementation of agricultural loan policies The effect is that the government and the market cooperate to effectively regulate the operation mechanism of agricultural loans to promote the coordinated development of rural finance and agricultural economy in Henan Province.