HUBEI AGRICULTURAL SCIENCES ›› 2022, Vol. 61 ›› Issue (2): 209-214.doi: 10.14088/j.cnki.issn0439-8114.2022.02.041

• Rural Economy • Previous Articles     Next Articles

Study on the impact of rural financial development on farmers’ income growth in China:An empirical analysis based on data from 2009 to 2018

LIU Qi1a, LI Zong-zhu1b, PARK Jeng-woon2   

  1. 1a. School of Management; 1b. School of Economics, Qingdao Agricultural University, Qingdao 266109,Shandong,China;
    2. Korea Rural Development Administration,Jeonju 54875,Korea
  • Received:2021-09-27 Online:2022-01-25 Published:2022-02-14

Abstract: Based on the relevant data of rural in China from 2009 to 2018, the relationship between the total loan amount, agricultural insurance indemnity amount, agricultural insurance premium, the national fiscal expenditure and farmers’ income growth in rural areas were empirically analyzed with the VAR model. The results showed that the level of rural finance development promoted the increase of farmers’ income, but it was not very obvious and lagged behind in a certain period. With the steady and sustained impact, farmers’ income was improved. Finally, in view of this present situation, some countermeasures and suggestions for China’s rural finance development to promote the farmers’ income growth were put forward.

Key words: rural finance, farmers’ income, VAR model

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