Financial Support And Rural Household Entrepreneurship Choice

"Entrepreneur" is the driving force for cultivating innovation and promoting economic growth,and the basis of innovation and economic growth.From the reality of China's rural economic development,since the economic reforms in the late 1970s,non-agricultural employment in rural areas has grown rapidly,and the expansion of non-agricultural employment has significantly increased farmers'incomes and rural productivity,thereby improving farmers'welfare.In 2004-2018,the No.1 Document of the Central Government issued instructions on rural financial development for 15 consecutive years,and strengthening the responsibility of financial institutions to serve the "three rural issues".In recent years,special emphasis has been placed on the development of village banks,loan companies,and rural mutual funds,and the increase in credit supply to large-scale breeding and small-scale micro-enterprises in counties,and the practical solution to rural financing.Difficult problem.So will these financial support promote entrepreneurial choices for rural families?The support of these financial services has a substantial impact?Focusing on the above questions,this paper first analyzes the status quo of family entrepreneurship and financial support from the basic characteristics of family entrepreneurship,the status quo of family financial support and financial support for entrepreneurial families.Secondly,the use of China Family Finance Survey(CHFS)is more than 70,000.The rural household survey data empirically tested the impact of financial support on rural household entrepreneurial choices,and tested the impact of different types of financial support on rural household entrepreneurship choices as a test of robustness.And the following conclusions and suggestions are obtained:Financial support has a positive impact on rural family entrepreneurship choices,and the same conclusions are obtained when examining the impact of different types of financial support.Corresponding to this,the research provide the following recommendations:First,improve laws and regulations and policies,and promote the development of diversified financing systems.Since informal finance also has a significant impact on farmer entrepreneurship,it is necessary to pay attention to the development of informal financial markets;Second,to promote inclusive finance,strengthen the improvement of the entrepreneurial environment,and through the results of the family in the eastern region is more entrepreneurial,it is recommended that the central and western regions should improve the corresponding entrepreneurial environment.