The Impact Of Rural Financial Development On Rural Consumption

Consumption is an important driving force of China's economic growth.Since the reform and opening up,with the rapid development of China's economy,the living standards of urban and rural residents have been greatly improved,but at the same time,the contribution rate of residents'consumption to economic growth has been in a low position for a long time.In recent years,the overall international economic environment has been depressed,and the growth of China's trade and export has been severely restricted,which makes the growth of China's economy more dependent on consumption.As a large agricultural province in China,Anhui Province has a huge agricultural population.Because of the existence of urban-rural dual economic structure,with the economic development of Anhui Province,the gap between urban and rural areas has gradually emerged,which is embodied in the income gap and consumption gap between urban and rural residents.Under the background of promoting the reform of rural financial system,narrowing the gap between urban and rural consumption and expanding the rural consumption market play an important role in promoting the rural economic development of Anhui Province.Therefore,it is of practical significance to explore the impact of rural financial development on rural residents'consumption in Anhui Province,to study the problems existing in the development of rural finance in Anhui Province,and to explore the countermeasures and suggestions to improve rural residents' consumption level.Firstly,this paper summarizes and reviews the research results of domestic and foreign scholars by summarizing the existing literature on the impact of rural financial development on rural residents'consumption.At the same time,combined with the relevant economic theory,through theoretical research,this paper analyzes the mechanism of the impact of rural financial development on rural residents'consumption.In the empirical analysis part,it explains the current situation of rural financial development and consumption of urban and rural residents in Anhui Province,and the indicators describing the scale of rural financial development and consumption of rural residents.This paper chooses the data of the past 15 years from 2003 to 2017,establishes the VAR model,carries on the empirical analysis to the related indicators,studies the influence of rural financial development on rural residents'consumption from two aspects of rural residents' consumption level and consumption structure,and puts forward relevant suggestions based on the results of theoretical analysis and empirical analysis.For your reference.