农村正规与非正规金融发展对农业全要素生产率的影响——基于中国省级面板数据的实证研究  

The Influence of Formal and Informal Financial Development in Rural Areas on Agricultural Total Factor Productivity——An Empirical Study based on the Province-level Panel Data

作　　者：井深 肖龙铎 Jing Shen Xiao Longduo

机构地区：[1]南京市城建集团,总会计师210009 [2]南京农业大学金融学院,博士研究生210095

出　　处：《江苏社会科学》2017年第4期77-85,共9页Jiangsu Social Sciences

摘　　要：本文利用1997-2014年的中国省级面板数据,采用DEA-Malmquist指数法和间接估算方法测算了中国农业全要素生产率和农村正规与非正规金融的发展水平,并通过系统GMM估计实证分析了农村正规与非正规金融发展对农业全要素生产率及其中间渠道的影响。研究结果表明:1997-2014年,中国农业全要素生产率增长主要由技术进步推动;农村正规与非正规金融发展对农业全要素生产率增长均具有显著促进作用,但作用渠道各异,正规金融主要通过技术进步渠道,而非正规金融主要通过技术效率渠道来促进农业全要素生产率增长,且这种促进作用在2007-2014年期间明显比1997-2006年更大。Based on China＇ s provincial panel data from 1997 to 2014, this paper measures the agricul- tural total factor productivity of China and the developmental level of rural formal and informal finance by use the DEA-Malmquist index method and the Indirect Estimation Method. Then the paper analyzes the in- fluences of the rural formal and informal financial development to the agricultural Total Factor Productivity growth and identifies its intermediate channel. The results show that from 1997 to 2014, the agricultural To- Factor Productivity is mainly driven by the agricultural technology progress; rural formal and informal fi- naneial development both has a significant role in promoting for the agricultural Total Factor Productivity growth, but the intermediate channel is different. progress？to promote the agricultural Total Factor the technical efficiency channel. The auxo-action Formal finance mainly through the channel of technical Productivity growth, and informal finance mainly through of rural formal and informal finance development to the ag- ricultural Total Factor Productivity growth in the period 2007-2014 is significantly larger than during 1997- 2006. This research conclusion to a certain extent supports the point of view that complementary relationship exists between rural formal and informal finance.

关 键 词：正规金融 非正规金融 农业全要素生产率 系统GMM 

分 类 号：F323[经济管理—产业经济] F832