An Empirical Study On The Relationship Between Rural Financial Development And Agricultural Economic Growth In Gansu Province

As a big agricultural country,China’s foundation is agriculture.For a long time,the issue of “agriculture,rural areas and farmers” with the core of increasing farmers income,agricultural development and rural stability has been receiving attention and is a fundamental problem that the country needs to solve.At the “National Financial Work Conference” in 2017,General Secretary Xi Jinping not only emphasized the importance of finance,but also proposed to strengthen financial services for small and micro enterprises,“agriculture,rural areas and farmers” and remote areas through inclusive finance.In the same year,The central government has pointed out that it is necessary to increase support for funds supporting agriculture,rural areas and farmers,constantly innovate rural finance,and strengthen incentives and constraints;the No.1 document in 2018 proposes the implementation of the rural revitalization strategy,The document points out that the focus of rural revitalization is industrial prosperity,and agricultural innovation,agricultural competitiveness and total factor productivity must be improved if the agricultural economy is to develop.At the same time,the document also requires us to basically realize rural agricultural modernization in 2035,In 2050 to achieve the overall revitalization of rural areas,so that our country from a major agricultural country into an agricultural power.From the above,rural financial development and agricultural economic growth remain the focus of the government.Gansu province is a large agricultural province with a low level of economic development in the western region.Therefore,studying the impact of rural financial development in Gansu on agricultural economic growth can find factors affecting the agricultural economic development of Gansu province and further promote the better development of Gansu’s economy.Therefore,it is of great significance to explore the impact of rural financial development in Gansu province on agricultural economic growth.The research content of this paper is the impact of rural financial development in Gansu province on agricultural economic growth.It is divided into five parts:The first part: Introduction.This paper first introduces the background and significance of taking Gansu province as the research object,then sorts out the train of thought,constructs the research framework,expounds the basic content of the research,and finally points out the research method,problems and shortcomings to be solved in this paper.The second part: Explain related concepts and theories.This paper mainly introduces the theories related to rural financial development and agricultural economic growth,expounds the impact of rural financial development on agricultural economic growth,and makes theoretical preparation for subsequent empirical research and countermeasures and suggestion.The third part: Analysis of current situation of rural financial development and agricultural economic growth.Analyze the development status of rural finance in Gansu province through the development scale,efficiency and demand of rural finance;This paper analyzes the level of agricultural economic growth in Gansu province through the three indexes of primary industry added value,total agricultural output value and per capita net income of rural residents,and points out the existing problems in rural financial development in Gansu province.The fourth part: Empirical research.The rural financial development level and agricultural economic growth model of Gansu province were constructed,and indicators were determined.Then,data were selected,followed by dynamic and static empirical analysis and research with panel data.Finally,principal component analysis was conducted with WuShan County as the research object,and the main factors affecting agricultural economic growth were obtained.The fifth part: countermeasures and suggestions.Based on the current situation and empirical test results,some Suggestions are put forward which are beneficial to the agricultural economic growth in Gansu province.For example,improve the financial development model,strengthen government guidance and supervision of rural finance.