农业补贴对农村金融市场的“挤出效应”——理论分析与实证检验  

Crowding-out Effect of Agricultural Subsidies on the Rural Financial Markets:Theoretical Framework and Empirical Test

作　　者：熊娜[1] 陈池波[1] 杜辉[2] 

机构地区：[1]中南财经政法大学工商管理学院,湖北武汉430073 [2]信阳师范学院经济管理学院,河南信阳464000

出　　处：《中南财经政法大学学报》2011年第5期102-107,144,共6页Journal of Zhongnan University of Economics and Law

基　　金：国家社会科学基金重大招标项目"加强农业支持力度的制度创新和政策调整对策研究"(08&ZD022);湖北省教育厅人文社会科学项目"鄂西少数民族地区新农村建设发展对策研究"(2010y031);中南财经政法大学研究生创新基金课题"中国财政支农的调整思路"(2010B0805)

摘　　要：针对我国农村金融机构年贷款增长率远低于政府农业年度补贴增长率的现实,本文构建一个理论分析框架,并基于农户调研数据进行实证分析。研究发现,农业补贴依次对非正规金融市场和正规金融市场形成"挤出效应";政府提高贷款利息虽可压缩非正规金融市场的"生存空间",但却会引致农户福利流失;非挂钩性农业补贴会强化(弱化)非正规金融市场(正规金融市场)的"挤出效应"。因而,政府不应单一地寄希望于制度创新,而应更多地关注农业补贴对农户借贷决策行为的影响。Nowadays,the loan of China's rural financial institutions is far less than the government subsidies to the agricultural per annum.The paper builds a theoretical framework based on household survey data for the empirical analysis.The results show that agricultural subsidies have crowding-out effect successively on the non-formal financial markets and the formation of formal financial markets;the improvement of government-controlled interest on the loan although can compress the 'living space' of informal financial market,but it will lead to the loss of household welfare;non-linked agricultural subsidies will strengthen(or weaken) the crowding-out effect in informal financial market(or the formal financial market).Therefore,to perfect the system,the government should not rely solely on innovation,but should focus on agricultural subsidies to farmers lending decision-making behavior.

关 键 词：农业补贴 正规金融 非正规金融 

分 类 号：F830.58[经济管理—金融学]