Effect of Rural Microfinance for Farmers Income
In this paper,a VAR model is made based on Chinas time-series statistics from 1990 to 2016 to study the relationship between rural microfinance and farmers income growth in China.The co-integration test shows that there is a long-term equilibrium relationship between rural microfinance and farmers income growth in China.Farmers income will increase by 0.4972%for every one percentage point increase in rural microfinance in China.The impulse response indicates that a positive impact of rural microfinance in China has a relatively positive impact on farmers income.Variance decomposition shows that the impact of rural microfinance on farmers income can account for 44.56%of the farmers income forecast error after the tenth period.At the same time,Granger causality test has confirmed that there is a lag period about the causal relationship between rural microfinance and farmers income in China.Under the 10%significance level,the lag one period and lag two of Chinas rural credit is not the Granger reason of farmers income growth until the lag three.In connection with this,Chinese farmers income has become the Granger reason for rural microfinance during the lag period.Finally,this paper proposes recommendations to promote farmers income growth.
rural microfinance farmers income VAR model
Zhang Zhibo
Wuhan University of Technology,China Agricultural Development Bank Langfang Anci District Sub-branch
国际会议
河北廊坊
英文
1-16
2019-12-28（万方平台首次上网日期，不代表论文的发表时间）