A Study of the Extent of Credit Rationing of Rural Households and Its Influence on Rural Households Financial Assets in Xinjiang

doi:10.16716/j.cnki.65-1030/f.2016.06.006

Abstract

Abstract: Based on the survey data of rural households in Xinjiang, and by using the partially observable Bivariate Probit model and the linear regression model with dummy variable, this paper estimates the extent of credit rationing of rural households and its impact on rural households financial assets. The research results show that 67.4% of the rural households have credit rationing, 43.1% of which receive full credit rationing, 24.3% of which receive some of credit rationing; The complete credit rationing have a significant impact on household financial assets, which suggests that the complete credit rationing make rural households cash increase 1758 Yuan, make the ratio of rural households cash and savings rise 5.45%. Finally, according to the empirical research conclusions, the paper puts forward some policy implications including reducing farmers' credit rationing, optimizing the rural financial system and so on.

Key words: Credit Rationing, Rural Households Financial Assets, Bivariate Probit Model, Xinjiang

CLC Number:

F832.43

Chen Zhiguo, Li Chengyou, Li Hong, Song Yulan. A Study of the Extent of Credit Rationing of Rural Households and Its Influence on Rural Households Financial Assets in Xinjiang[J]. Finance & Economics of Xinjiang, 2016, (6): 44-52.

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