A Study On The Influence Of Village Level Debt On Village Level Collective Economic Income

China's socialist rural collective ownership economy plays a decisive role in the exploration and development of the socialist road with Chinese characteristics,and it also provides a strong impetus to complement the shortcomings of rural development.Village debt is a special product of rural economic and social development in China.Faced with the need for funds to maintain the normal operation of village-level organizations and the development of rural construction,debt-raising has become a necessary way for village-level organizations to make up for the shortage of funds.With the further promotion of rural revitalization,village-level debt has become a heavy burden for the operation of village-level organizations,leading to the slow development of village-level collective economy.This paper chooses village-level debt and village-level collective economy data of Linan District from 2015 to 2017,and divides village-level debt into enterprise debt,public utilities debt and other liabilities for descriptive statistics through the use of village-level organization borrowing.Through the establishment of multiple linear regression model for quantitative analysis,this paper studies village-level debt.The impact of debt on village collective economy.On this basis,the corresponding policy recommendations are put forward in order to reduce the negative impact of village-level debt on village-level collective economy.The main conclusions are as follows:(1)Based on the analysis of the development process and current situation of the village level collective economy in Lin'an District,it is found that although the income of the village in Lin'an district shows a steady rise,there are still many problems: how big the income gap between the villages is,and the development is unbalanced;some villages lack resources,and the development is slow;the operation funds are insufficient,and the fund gap is obvious;the village level debt is serious;the subsidy dependence is too high,and self The body's hematopoiesis is weak.(2)Through the analysis of the village level debt situation in Lin'an City,it is found that in recent years,the village level debt has been increasing and shows the characteristics of large debt pressure gap between villages,fast growth of long-term debt,and rising asset liability ratio.This paper analyzes the causes of the debt,including: the pressure of daily operation expenditure at the village level,the formation of new debt from fixed investment,the establishment of public welfare undertakings beyond their financial level,the huge debt from the failure of enterprises,the weaknessof the village collective economy,the lack of income channels,the old debt derived new debt,and the irregular financial management.(3)The empirical results of panel data model show that the debt of enterprises has a significant positive impact on the village collective economic income,while the debt of public utilities and other liabilities have a significant negative impact.At present,the main component of the total debt is the debt of village level public utilities and other debts,which shows that the debt of village level in Lin'an district has affected the development of village level collective economy.In terms of control variables,the intensity of financial subsidies has a significant negative impact on the village level collective economic income,while the amount of per capita debt and debt dependence have a significant negative impact on the village level collective economic income.(4)On the basis of the above,the paper puts forward corresponding policy suggestions,mainly including: encouraging the development of the business model of village enterprises;regulating the construction of public utilities;improving the financial system at the village level,regulating the financial management action;actively resolving the village debt.