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The Study On Financial Support In Jiangsu Province Agricultural Transitory Development

Posted on:2009-04-04Degree:DoctorType:Dissertation
Country:ChinaCandidate:M J LuFull Text:PDF
GTID:1119360272488231Subject:Agricultural Economics and Management
Abstract/Summary:PDF Full Text Request
Finance has become the core in the market-based economy, which determines the speed and efficiency of the economic development. Once the financial factors are restricted, economic growth will unavoidably encounter the constraints of deficiency of capital investment and the low efficient allocation of financial resources. Rural finance is an activity of mobilizing, allocating and managing agricultural financial capitals by means of credit and is the core of agricultural growth and development. Extensive and efficient credit activities and financial operations are necessary in market and industry oriented agricultural transitory development so as to guarantee the sustainable growth of capital input and the effective allocation of financial resources. Yet undoubtedly, our agriculture faces the predicament of serious deficiency in capital formation as well as funds for development at present , which will be a severe restriction of sustainable and balanced development of agriculture in our country. Financial support in agriculture shoulders an irreplaceable mission of improving the inferiority of agriculture and has become an strategic mechanism for promoting sustainable and balanced development of agriculture in our country.In the development of agricultural transition, the financial system has showed some characteristics of "discrimination of agricultural industry" in Jiangsu Province, which leads to the disadvantaged status of Jiangsu agriculture in the "allocation gaming" of social financial resources during the transitory development. In the long term, these facts will exert a negative influence on the realization of sustainable and balanced development strategy of Jiangsu economy and its society. Thus, we have to design solutions to offer financial support to Jiangsu agricultural transitory development and raise policy suggestion from the perspective of development strategy in order to know and guarantee Jiangsu agriculture in its transitory development. This paper will carry out a systematic research on the mechanism and frame of financial support in agricultural transitory development of Jiangsu Province as well as raise relative suggestions. It also tries to establish the theoretical frame of how financial support promotes Jiangsu agricultural growth during its transitory period, which not only has realistic policy implications in Jiangsu financial development and agricultural growth, but also will strengthen theoretical researches on the issues concerning China's regional financial development and economic growth. Based on the analysis of relative literatures from at home and abroad, this paper consists of seven chapters:First, this chapter is about the theoretical discussion of the support of finance on agricultural transitory development. This part has necessary review of theories concerning financial development and economic growth, including the financial structure theory of Goldsmith, financial deepening theory of Edward S. Shaw and Ronald I McKinnon, industry growth theory of Hicks, John Richard as well as relative researches on agricultural growth theories. The content in this part offers guidance to the following researches.Second, this chapter analyzes the essence, initial conditions, orientation and mode adoption of Jiangsu agricultural transitory development. Jiangsu agricultural transitory development is a process containing multi-transitions. Financial support has become a strategic mechanism and path for promoting sustainable and balanced development of agriculture in Jiangsu.Third, this chapter makes a brief summarization of the status quo of financial support in Jiangsu agricultural transitory development and briefly analyzes the status quo of financial support in the three regions of Jiangsu Province, pointing out the existence of difference among financial supporting powers in these three regions.Forth, this chapter takes northern Jiangsu as an example, analyzes the working mechanism between financial support and Jiangsu agricultural development with penal data, explains the basic conditions and influencing factors for the interaction and reveals the pathway between them so as to pave the way for enhancing the benign interaction by raising proper macroeconomic policy and suggestion.fifth, this chapter analyzes the constraints existed in Jiangsu farmer households where economic transformation is the earliest and in rural enterprise financing from financial demand perspective. In the mean time, it analyzes the necessity of financial support in Jiangsu agricultural transitory development by examining farmers, medium and small enterprises as well as leading enterprises which have the main financial demand. It carries out positive analysis with econometric model, taking the willingness of loans, channel of loans, purpose of loans, repayment of loans and other influencing factors as variables, positively testing from micro perspective that how great financial institutions have influenced farmers' financial loans and their individual household production behavior.Sixth, this chapter analyzes financial support in Jiangsu agricultural transitory development from financial supply perspective, mainly by examining financial support from formal financial institutions in Jiangsu to rural development. Formal financial institutions include agricultural cooperative financial institutions, financial institutions for agricultural policies and agricultural commercial financial institutions, to be more specific, they are rural cooperatives, agricultural development banks, agricultural banks and rural commercial banks, which offer major source of rural financial supply in Jiangsu Province.seventh, this chapter is about the plan frame and policy suggestions of financial supporting in Jiangsu agricultural transitory development. Based on the theoretical and positive analysis above, this part builds up the plan frame of financial supporting in Jiangsu agricultural transitory development and raises relative policy suggestions.This paper draws conclusions as follows through the analysis of financial supporting in Jiangsu agricultural transitory development:(1)As far as the essence of Jiangsu agricultural transitory development is concerned, it's a process of replacing the old, less developed, low productive agricultural institutions with the new, advanced, more productive agricultural institutions. In the definition of its concepts, Jiangsu agricultural transitory development can be defined as the formation process of "marketized, socialized, organized, intensified, scalized and specialized" modern agriculture.(2)This paper carries out positive analysis of rural financial support and agricultural economic development in Jiangsu and its conclusions are: the development of rural finance in Jiangsu has a significant effect on boosting rural economy and we should strive to promote the development of rural finance in Jiangsu. Of course, the interaction is between the two factors at the same time, so we can't set developing rural finance as our single goal, rather, we should develop it from the perspective of developing rural economy. What's more, the boost of rural economy will further improve the development of rural finance. Agricultural investment has some small influence on rural economy. When strengthening agricultural investment, we should strive to make its function into full play in order to use the resources properly and fully. Besides, we should consider the special characteristics of rural economic development when making policies because of different features of market types and working mechanisms of interest rate.(3)Agricultural financial support shoulders a irreplaceable responsibility in improving agricultural inferiority and has become a strategic mechanism for promoting sustainable and balanced development of agriculture in Jiangsu Province. The inferiority of Jiangsu agriculture determines the incomplete adaptability of complete market mechanism in agriculture. Rural finance not only has economic functions, but also possesses clear social functions and policy orientation. In order to fully develop the effect of rural financial support, we must carry out comprehensive and systematic deepening through perfecting the system and structure of rural finance, improving the governance and incentive institutions of agricultural finance, formulating and coordinating agricultural financial policies, etc.
Keywords/Search Tags:agricultural transition, financial support, agricultural economic development, financial demand, financial supply
PDF Full Text Request
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