Research On The Impact Of Financial Development On Farmers' Income Growth In Taikang County, Henan Province

Taikang county belongs to zhoukou city of henan province,which is located in the south of the north China plain.It is a key county for poverty alleviation in the contiguous poor areas of dabie mountain.Most of the population is rural registered permanent residence.Then,what is the level of the overall financial development of taikang county,and what are the main factors affecting the increase of farmers' income?Firstly,this paper reviewed the domestic and foreign literature on financial development issues and farmers' income growth,and selected some influential,representative and enlightening literatures on the research methods of this paper to make a literature review.Taikang county of henan province after the financial development and farmers' income,analyzing the present situation has carried on the qualitative description of taikang county statistical data of 2000-2017 in the form of graphic form intuitive display and comprehensive description analysis,from the macroscopic data of taikang county financial development present situation and the farmers' income growth to make a qualitative evaluation.Finally,according to the characteristics of the development of taikang county's financial system and its influence on the growth of farmers' income,the index system is established from four perspectives of taikang county's financial development scale,development efficiency,industrial structure and fixed asset investment level.Since the research sample in this paper is the economic data of time series and the selected data is only 18 years,the ARDL model that is more suitable for the regression analysis of small sample data is selected in this paper.Combined with unit root test,boundary co-integration test,parameter estimation,long and short term equilibrium coefficient estimation,stability test,etc.,the causal relationship between variables was evaluated and the validity of the ARDL model was analyzed.Through descriptive statistical analysis and empirical analysis,this paper finds that the contribution rate of financial development to farmers' income growth is low.In the long-term equilibrium,the industrial structure and the level of fixed asset investment are the main supporting factors to promote the increase of farmers' income,while the outflow of deposits also reduces the effective utilization rate of financial resources to a large extent.