Farmers' Cooperatives'Poverty-Reducing Roles in Agricultural Supply Chain Finance  

作　　者：Shen Yun Li Qinghai Yang Jing 申云;李庆海;杨晶(School of Economics,Sichuan Agricultural University,Chengdu,China;School of Economics,Nanjing University of Finance and Economics,Nanjing,China;Social Security Research Center,Wuhan University,Wuhan,China)

机构地区：[1]School of Economics,Sichuan Agricultural University,Chengdu,China [2]School of Economics,Nanjing University of Finance and Economics,Nanjing,China [3]Social Security Research Center,Wuhan University,Wuhan,China

出　　处：《China Economist》2020年第3期76-91,共16页中国经济学人（英文版）

基　　金：the Key Project of the Key Research Base of Humanities and Social Sciences of the Ministry of Education“Study on China’s Anti-Poverty Strategy”(Grant No.:16JJD840007);the Country Key Research Base Project of the Department of Education,Sichuan Province“Study on the Policy Optimization for Modern Agriculture Industrial System in Sichuan Province under the Countryside Revitalization Strategy”(Grant No.:ZDF1801);the Soft Science Project of the Department of Science and Technology,Sichuan Province“Study on the Financing and Credit Extension Mechanisms of New Agricultural Operators under the Countryside Revitalization Strategy”(Grant No.:19RKX0123).

摘　　要：Agricultural supply chain finance(SCF)plays a vital role in reducing poverty and linking smallholders with broader markets.By creating a multi-dimensional poverty index(MPI)for farmer households with A-F binary boundary method,this paper employs the propensity score matching and difference-in-difference(PSM-DID)method to estimate how farmers’cooperatives run by various entities affect farmer households’multi-dimensional poverty status.Our findings suggest that:(i)Each percentage of increase in the probability of farmers’access to SCF credit from their cooperatives makes it 8%and 10%more likely for farmers’MPI and multi-dimensional poverty order to decrease with a signi ficant poverty-reducing effect.(2)SCF credit from farmers’cooperatives run by large farmers,agribusinesses and the village cadres are signi ficantly poverty-reducing for full-time poor farmers.(iii)The higher non-farm incomes as a share of farmers’total income,the less poverty-reducing SCF credit from farmers’cooperatives run by large farmers and villagers becomes,and the more poverty-reducing SCF credit for agribusiness everyone cooperatives becomes.These findings highlight the importance of policy guidance for farmers’cooperatives to offer appropriate credit products and solutions according to local conditions,which is vital to maximizing the effects of targeted financial poverty reduction.

关 键 词：farmers’cooperatives supply chain FINANCE poverty-reducing effect MULTIDIMENSIONAL POVERTY PSM-DID 

分 类 号：F321.42[经济管理—产业经济] F832.43F323.8