信贷配置效率对农业全要素生产率的影响机制——基于中国2011-2018省际面板数据实证  

The Mechanism for the Influence of Financial Credit Allocation Efficiencyon Agricultural Total Factor Productivity--Based on China's 2011-2018 Provincial Panel Data

作　　者：谢沂芹 胡士华[1] XIE Yi-qin;HU Shi-hua(School of Economics and Management,Southwest University,Chognqing 400715,China;School of Finance and Management,Chongqing Vocational College of Commerce,Chongqing 400031,China)

机构地区：[1]西南大学经济管理学院,重庆400715 [2]重庆商务职业学院财经管理学院,重庆400031

出　　处：《西南大学学报（自然科学版）》2021年第3期124-131,共8页Journal of Southwest University(Natural Science Edition)

基　　金：国家哲学社会科学基金项目(12BJY098);教育部人文社会科学项目(16XJA790003);中央高校基本科研业务费专项(SWU1809407).

摘　　要：基于内生经济增长理论和金融发展理论,利用2011-2018年全国30个省面板数据完成GMM(Gaussian Mixture Model)估算,在研究农业信贷配置效率与中国各地区农业全要素生产率相关性的基础上,深入探讨我国信贷配置效率对农业生产率增长影响机制和路径选择的问题.研究发现:农业信贷规模通过对农村固定资产投资、农产品对外贸易、企业研发、人力资本对农业全要素生产率起一定的促进作用,但是作用效率不高.而农业信贷配给与农业全要素生产率呈负相关,说明真正运用到农业生产中的资金不足,即农业信贷资金利用效率低.本文研究结果反映出目前我国农业金融配套服务不够完善、信贷资金配置效率比较低的问题.Agricultural credit is the core of rural finance,and improvement of agricultural total factor productivity is the key to modern agriculture evelopment.Therefore,the study of the mechanismfor the influence of agricultural credit allocation efficiencyon agricultural total factor productivity can provide atheoretical support for a better service ofrural financial policiesto the development of modern agriculture.In this paper,the panel data of 30 provinces in China from 2011 to 2018 are used to complete the GMM(generalized method of moments)estimation based on the theory of endogenous economic growth and financial development theory,and the influence mechanism and path choice of agricultural credit allocation on agricultural productivity growthare expounded on the basis of studying the correlation between agricultural credit allocation efficiency and agricultural total factor productivity in various regions of China.The results showthat agricultural credit scale can,in a certain extent,promote agricultural total factor productivity through rural fixed asset investment,foreign trade of agricultural products,enterprise research and development,and human capital,but the efficiency is not high,and that rural credit rationing is in a negative correlation with total factor productivity of agriculture,which indicates that no sufficient funds are investigated in agricultural production(in othere words,the utilization efficiency of agricultural credit funds is low in China).In conclusion,the agricultural financial supporting services in China are not perfect and the efficiency of credit fund allocation is low.

关 键 词：信贷配给 信贷规模 农业全要素生产率 影响机制 

分 类 号：F830.5[经济管理—金融学]