金融借贷、心理财富与农户消费  

Financial Credit,Psychological Wealth,and Peasant Household Consumption

作　　者：谢家智[1] 涂先进[2] 叶盛 

机构地区：[1]西南大学农村金融与农业现代化研究中心,重庆400715 [2]西南大学经济管理学院,重庆400715

出　　处：《金融经济学研究》2017年第6期85-94,126,共11页Financial Economics Research

基　　金：重庆市重点文科基地项目(16skb041);西南大学决策咨询项目(2016SWUJCZX09);国家社会科学基金项目(12AGL008)

摘　　要：以消费心理学和消费经济学为理论基础,分析金融借贷过程的心理财富产生及其影响家庭消费的机理;并采用中国家庭追踪调查(CFPS)数据,量化分析金融借贷的心理财富水平,运用有序Probit半参数估计实证检验心理财富对农户家庭消费的影响。研究结果表明,金融借贷产生心理财富,对消费具有促进效应,且对生存型消费影响效应要高于其他类型消费;而且心理财富对消费的作用要高于真实财富。建议大力开展农村普惠金融体系建设,降低融资成本和门槛,加大农村信贷支持力度;同时积极发展农村消费金融,创新农村金融服务。Based on the theories of consumer psychology and consumer economics,this paper analyzes how psychological wealth is generated in the process of financial credit and how it influences household consumption. Considering China Family Panel Survey（CFPS） data,this paper quantitatively analyzes the level of psychological wealth related to financial credit. Using the ordered probit semi-parametric estimation method,this paper empirically demonstrates the influence of psychological wealth exerted on peasant household consumption. The research results show that psychological wealth is generated in the process of financial wealth,has a stimulating effect on consumption,and can influence the survival-type consumption more significantly than other types of consumption. In comparison to real wealth,psychological wealth has a more significant effect on consumption. Finally,this paper provides the following suggestions： 1） active development of a rural inclusive financial system,lowering the cost and threshold of financing,and extending greater support to rural credit; 2） active development of rural consumption finance and innovation in rural financial services.

关 键 词：心理财富 消费 有序Probit 半参数估计 

分 类 号：F832.4[经济管理—金融学]