论文部分内容阅读
本文基于2012年中国劳动力动态调查数据,研究家庭禀赋对农户借贷途径的影响。研究结果表明,不同禀赋要素,对农户借贷途径的影响不同,具体表现为人力资本越丰富,越有利于获得非正规金融借贷。经济资本丰富的农户,其融资需求很难被非正规金融机构借贷满足,转而向正规金融机构借贷。社会资本丰富的农户,通过“人脉”可以更容易获得正规金融机构借贷。以土地为代表的自然资本正向作用于正规金融机构借贷。因此,在城镇化过程中,政府应该重点针对正规金融与民间金融采取不同的金融政策,使得农户在不同的家庭禀赋条件下能够适应相应的金融环境。
Based on the 2012 China Labor Dynamics Survey, this article studies the impact of household endowments on rural households’ borrowing pathways. The results show that different endowments have different impacts on the lending path of rural households. The more abundant human capital is, the more advantageous they are to obtain informal financial loans. Economists with rich financial resources are hard-pressed to meet the financing needs of informal financial institutions and instead borrow from formal financial institutions. Social capital-rich farmers, through “contacts” can be more easily access to formal financial institutions to borrow. Natural capital represented by land is positively lending to formal financial institutions. Therefore, in the course of urbanization, the government should adopt different financial policies focusing on formal finance and non-government finance so that farmers can adapt to the corresponding financial environment under different family endowments.