Study On The Relation Between Rural Finance,Agricultural Science And Technology And Rural Economic Growth In China

Scientific and technological progress is an important driving force for the realization of agricultural modernization in China,and finance as a link connecting all walks of life can enable social resources to be efficiently aggregated and configured.The rural economy needs the help of rural finance and the promotion of agricultural science and technology to achieve substantial development.With the implementation of the strategy of Rural Revitalization and the promotion of the cause of "agriculture,countryside and farmers" by the Party Central Committee,the countryside is in a period of promising historical opportunities.Rural finance,agricultural science and technology,and rural economic growth have become hot spots and focal points in government work and academia.Therefore,it is of great theoretical and practical significance to clarify the relation between the three from the theoretical and empirical aspects and to clarify the direct and indirect links of their existence.This paper mainly studies the relation between rural finance,agricultural science and technology and rural economic growth from two aspects of theoretical analysis and empirical test.In theory,based on Schultz’s transformation of traditional agricultural theory,rural financial theory and new supply economic theory,the interaction mechanism of the three is analyzed.Rural financial development promotes agricultural science and technology progress through various mechanisms,including financial support,risk dispersion,information disclosure and transmission,incentive and restraint,and support for education.At the same time,the progress of agricultural science and technology brings about the improvement of technology and production efficiency,which also promotes rural economic growth.And economic growth will bring feedback to finance and science and technology.Empirical research: Firstly,the contribution rate of agricultural science and technology progress in 29 provinces,cities and districts in China is calculated and compared by Solow residual method;secondly,based on time series data and DAG technology,the causality between rural finance,agricultural science and technology and rural economic growth at the same time is studied,and the SVAR model is constrained and identified based on the conclusion,and the variables are analyzed.Finally,the panel data are used to estimate the specific impact parameters among the indicators.Based on this,the following conclusions can be drawn: First,the contribution rate of agricultural science and technology progress inthe east,central and western regions is quite different,and the level of agricultural science and technology in the western region is seriously lagging behind that in the eastern region,and the situation of agricultural science and technology progress shows regional imbalance.Second,the benign driving mechanism between rural finance,agricultural science and technology and rural economy has not yet formed.Based on the above conclusions,the following policy recommendations are put forward: Firstly,we should persist in developing agriculture by science and technology and improve the level of agricultural science and technology in our country;secondly,we should guide rural outflow capital reflux and improve rural financial efficiency;thirdly,we should adjust the strategic direction of rural financial reform so as to promote the progress of agricultural science and technology as the key strategic objective.