社会网络与城镇居民的正规和非正规借贷:来自国家统计局城调队样本的证据  

Social Network and Household Loan in Urban China:Evidence from Urban Household Survey Data

作　　者：黄露露 章元[1] 姚麦蒂 Huang Lulu;Zhang Yuan;Yao Maidi(School of Economics,Fudan University,Shanghai 200433)

机构地区：[1]复旦大学经济学院,上海200433

出　　处：《上海经济》2021年第1期88-104,共17页Shanghai Economy

摘　　要：基于来自国家统计局的16个省市2006-2014年的城镇住户面板数据,本文研究社会网络对城镇家庭的正规借款和非正规借款是否都具有因果效应。在利用工具变量解决了社会网络的内生性问题后,本文的研究结果显示:社会网络对家庭借款之和、正规借款和非正规借款均具有显著的正向影响;此外,与正规借款相比,社会网络对非正规借款的影响更大。本文的实证结果表明,社会网络能够发挥社会担保作用并增加家庭的借款金额,这一结果有助于我们理解社会网络作为一种非正规制度在发展中国家城市信贷市场中的积极作用,同时还意味着中国城镇金融市场有继续完善的空间。Employing urban household panel data from NBS of China which covers 16 provinces in China from 2006 to 2014,this paper identifies the causal effect of social network on different types of household loan.After resolving the endogenous problem of social network by instrument variable,empirical test shows that social network has positive effect on total credit,informal and formal loan.Compared with formal credit,social network has higher effect on improving informal loan.This paper provides evidence that the social network has effect of social collateral role in the urban financial market,and also helps understand the role of social network as an informal institution in urban financial market.

关 键 词：社会网络 城镇居民 非正规借款 正规借款 

分 类 号：F063.4[经济管理—政治经济学]