Acta Agriculturae Zhejiangensis ›› 2022, Vol. 34 ›› Issue (7): 1558-1570.DOI: 10.3969/j.issn.1004-1524.2022.07.24

• Agricultural Economy and Development • Previous Articles    

Rural finance and rural vitalization: mechanism analysis and efficiency evaluation

XIA Long()   

  1. College of Humanities and Urban-Rural Development, Beijing University of Agriculture, Beijing 102206, China
  • Received:2021-04-09 Online:2022-07-25 Published:2022-07-26

Abstract:

In the present study, the theoretical mechanism of rural finance on rural vitalization was first outlined according to the general requirements (“thriving businesses, pleasant living environments, social etiquette and civility,effective governance and prosperity”) of rural vitalization. Then, the composite indexes of rural finance and rural vitalization were constructed, and the impact of rural finance on rural vitalization was empirically studied based on the panel data from 2011 to 2018. It was shown that the development of rural finance and rural vitalization was improved in the study period, but the overall development level was low with regional differences. As revealed by the results of panel stochastic frontier production function, rural finance could promote the realization of rural vitalization, yet the technical efficiency was not high, and the spatial distribution pattern was consistent with that of financial poverty relief. Based on these findings, suggestions were put forward, such as establishing effective link mechanism between poverty alleviation and rural vitalization, taking full advantage of financing institution, exploring new modes, etc.

Key words: rural finance, rural vitalization, mechanism analysis, efficiency evaluation

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