农户借贷的经济影响:基于IVQR模型的实证研究被引量：38

The Economic Impact of Farm Credit:An Empirical Investigation based on IVQR Model

导出

摘要使用2003年对中国3000个农户的抽样调查数据,采用工具变量分位数回归法(IVQR),在考虑异质性影响和内生性问题的基础上,实证估计了农户借贷的经济影响.研究结果表明,借贷从整体上显著促进了农户经营收入的增加,但对不同收入层次的农户的产出影响具有明显的异质性.借款对最贫困和最富有的农户的收入作用不明显,但是显著促进了中低收入农户产出的增加,其产出弹性约为0.08.由于目前我国农村金融资源的分配明显偏向富有的农户,这为中低收入农户面临信贷约束提供了证据.使用2SLS与普通分位数回归方法(QR)得到的估计都存在较大的偏差. This paper empirically estimates the economic impact of farm credit by IVQR method, which takes both heterogeneous effect and endogenous problem into account, using a survey data of 3,000 households from rural China in 2003. Our results show that credit contributes to farmers＇ operation income significantly on the whole, but its impact exists heterogeneous on the distribution of income. The credit impact is not significant for the poorest and richest farmers, but benefits the middle and low income farmers, while the output elasticity is about 0.08. Since the rural credit allocation leans to rich farmers in China, this provides evidence for credit constraints faced by the middle and low income farmers. The estimators got by 2SLS and QR both exist apparent biases.

作者朱喜李子奈

机构地区上海交通大学安泰经济与管理学院清华大学经济管理学院

出处《系统工程理论与实践》 EI CSCD 北大核心 2007年第2期68-75,共8页 Systems Engineering-Theory & Practice

基金国家自然科学基金项目"农户借贷行为与农村金融体制改革的研究"(70573057)

关键词工具变量分位数回归农户借贷农民收入 IVQR farm credit rural household income

分类号 F304.4 [经济管理—产业经济]

引文网络
相关文献

参考文献9

1Binswanger,Hans P,Khandker,Shahidur R.The impact of formal finance on the rural economy of india[J].Journal of Development Studies,1995,32(2):234-262.
2Khandker S R,Faruqee R R.The impact of farm credit in pakistan[J].Agricultural Economics,2003,28(3):197-213.
3Folk J D.Credit market access and profitabihty in tunisian agriculture[J].Agricultural Economics,2004,30(3):229-240.
4Kronker R,Bassett G S.Regression quantiles[J].Econometrica,1978,46:33-50.
5Chernozhukov V,Hansen C.Instrumental quantile regression inference for structural and treatment effect models[J].Journal of Econmetrics(forthcoming),2001.
6Chemozhukov V,Hansen C.An IV model of quantile treatment effects[J].Econometrica,2005,73(1):245-61.
7李锐,李宁辉.农户借贷行为及其福利效果分析[J].经济研究,2004,39(12):96-104. 被引量：193
81996年,《国务院关于农村金融体制改革的决定》.
92006年,《关于推进社会主义新农村建设的若干意见》.

二级参考文献10

1朱玲.《乡村金融机构运作和农业中长期信贷》[A]..《农村金融与信贷政策》[C].中国农业出版社,2001..
2张新民等.《农户借贷收人与长期投人增长的不对称性》[A]..《农村金融与信贷政策》[C].中国农业出版社,2001..
3Pitt, M M, Khandker, S R, 1998. The Impact of Group- based Credit Programs on Poor Household in Bangladesh: Does The Gender of Participants Matter? Journal of Political Economics. 106(5), 958-996.
4Qureshi, S, Nabi, I, Faruqee, R. 1999. Improving Rural Finance. Strategic Reforms for Agricultural Growth in Pakistan. The World Bank, Washington, DC.
5Binswanger, H P, Khandker, S R. 1995. The Impact of Formal Finance on The Rural Economy of India. Journal of Development Study, 32(2), 234--262.
6Ghate, P. 1992. Informal Finance: Some Findings from Asia. Oxford University Press, Oxford.
7Hulme, D, Mosley, P. (Eds), 1996. Finance Against Poverty. Routledge, London.
8Khandker, S R. 1988. Fighting Poverty with Microcredit: Experience in Bangladesh. Oxford University Press, New York.
9Pitt, M M, Khandker, S R. 1996. Household and Intra-household Impact of The Grameen Bank and Similar Target Credit Programs in Bangladesh. World Bank Discussion Paper No. 320, Washington, D C.
10何广文.从农村居民资金借贷行为看农村金融抑制与金融深化[J].中国农村经济,1999(10):42-48. 被引量：300