The Influence Of Rural Financial Development On Agricultural Total Factor Productivity

Since the reform and opening up,after years of development and construction,the level of development of China's socialist economy has made full effect and obvious progress.On the whole,the people are leading a prosperous life and most of them have already led a moderately prosperous modern life.However,there are still some problems that have not been effectively solved and improved,affecting the development of rural economy.These problems to be solved are directly related to the comprehensive construction of the modern well-off society,the greater the impact,the more attention from the state.Therefore,The core problem of rural economic development lies in the improvement of agricultural total factor productivity.The solution of this core issue has become an important and worthy of long-term research and attention.Many domestic and foreign experts and scholars begin to pay attention to this kind of problem,relevant research literature has been full of enthusiasm.The relationship between financial development and agricultural total factor productivity is one of the main research directions.But few scholars from the rural financial entry point.Based on this,this paper will explore the relationship between rural financial development and agricultural total factor productivity,and provide reference and suggestions for the development of China's agricultural modernization in my country.This paper first examines the development of rural finance,agricultural total factor productivity and their relationship.Through reading relevant literature,we try to summarized and concluded the current research results.Secondly,the DEA-Malmquist index calculation method is used to measure the total factor productivity of agriculture in my country and the eight major regions,and analyze its changing trends on this result.Finally,using panel data from 2000 to 2017,regression methods are used to analyze the impact of rural financial development in my country and the eight major regions on agricultural total factor productivity.The results show:(1)The relative scale of my country's rural financial industry has a positive impact on the total factor productivity of my country's agriculture to a large extent.(2)Agricultural insurance premiums have a negative impact on my country's agricultural total factor productivity.(3)The development of rural financial services in various regions has different effects on total factor productivity in agriculture.