An Empirical Analysis Of The Impact Of Rural Financial Development Level In Inner Mongolia On Farmers' Income

China is a big agricultural production country,so the economic development of rural areas plays a key role in China's overall economic development.The income level of farmers is a key factor in the rapid development of the rural economy,and a relatively complete financial system will not only promote the growth of farmers' income,but also make the rural economy develop rapidly.Therefore,this paper takes the rural areas of Inner Mongolia as the research object to study the effect of rural financial development on farmers' income.Select empirical data on financial aspects of rural areas in Inner Mongolia from 1990 to 2017,including unit root test,cointegration test,error correction model,Ganger causality test,and impulse response,to study the relationship between rural financial development and farmers' income in Inner Mongolia.Whether there is a long-term equilibrium relationship,and through simple empirical research,the relationship between the financial development of rural areas in Inner Mongolia and the income of various parts of farmers,including wages,business,property,and transfer income,and then draws corresponding conclusions.The results of the study show that there is a difference between the financial development between different regions and the income of farmers.This paper uses the three factors of rural financial development scale,development structure and development efficiency to express the level of rural financial development in Inner Mongolia.and the effects of long-term and short-term effects are also different.In the long run,the financial development structure will promote the increase of farmers' per capita income,but the scale and efficiency of financial development have no obvious effect on farmers' income increase;in the short term,the scale of financial development and the development structure all promote the increase of farmers' per capita income,and the financial development efficiency to farmers.There is still no positive effect on income increase.The second model draws on the scale and development of financial development,the expansion and improvement of development efficiency,and which part of the income of farmers.Finally,the author puts forward corresponding countermeasures and suggestions for the development of rural finance and economy and the increase of farmers' income in Inner Mongolia.