Abstract: This paper,from the supply perspective of economic utility theory,demonstrates the difference of binary structure of rural financial development path of interaction of formal finance and informal finance first.And then,through the theoretical model analysis,it advances that the underdeveloped rural areas at the present stage the government should be appropriate to support and standardize the informal financial development,which will help improve the financial effectiveness of an entire region while the more developed regions. At the same time,the government of the more developed regions should encourage the development of formal finance,the creation of commercial finance competition pattern,and gradually promote market-oriented reform.What’s more,through the empirical analysis of the data of two areas (Yili,Akesu) from 1988 to 2012,the feasibility of the theoretical model is verified.Finally,the paper puts forward some policy suggestions of rural financial development.

Key words: Operational Income, Formal Finance, Informal Finance, Empirical Analysis

摘要： 本文从经济效用论供给视角论证了正规金融与非正规金融共同作用下农村二元金融结构的差异化发展路径:对于欠发达农村地区来说,现阶段政府应适当支持和规范非正规金融的发展,这有助于整个地区金融效用的提高;而对于较发达农村地区来说,政府应鼓励正规金融的发展,创造商业性金融竞争格局,逐步推进金融市场化改革。在此基础上,文章通过选取1988年—2012年新疆伊犁地区、阿克苏地区的数据来验证该理论路径的可行性。最后就农村金融发展提出扩大面向现代农业的贷款规模、放宽农村金融市场准入条件、增加农村基础设施投资、避免农村资金的“负投资”效应等建议。

关键词: 经营性收入, 正规金融, 非正规金融, 实证分析