Study on the Impact of Credit Rationing on Farmers' Welfare

DOI

10.2991/edmi-19.2019.91How to use a DOI?

Keywords

Rural financial market, Credit rationing, Farmer welfare.

Abstract

Financial development is the core of modern economic development, but for a long time, the development of formal rural finance led by Agricultural Bank and Rural Credit Cooperatives has lagged behind, especially the problem of low degree of satisfaction of farmers' credit has become increasingly prominent, and it is extremely difficult for farmers to borrow from formal financial institutions. The widespread phenomenon of credit rationing in China's rural credit market has seriously restricted the role of rural financial institutions in supporting agriculture and the increase of farmers' welfare. This paper makes a regression analysis on the welfare status of farmers in China by using the balance between agricultural loans and deposits and loans of formal financial institutions as a measure index of credit rationing. It is believed that credit supply can improve the welfare of farmers and improve their lives.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhuoran Zeng
PY  - 2019/08
DA  - 2019/08
TI  - Study on the Impact of Credit Rationing on Farmers' Welfare
BT  - Proceedings of the 1st International Symposium on Economic Development and Management Innovation (EDMI 2019)
PB  - Atlantis Press
SP  - 549
EP  - 554
SN  - 2352-5428
UR  - https://doi.org/10.2991/edmi-19.2019.91
DO  - 10.2991/edmi-19.2019.91
ID  - Zeng2019/08
ER  -