The Analysis Of Interregional Divergence Of Rural Financial Development In Xinjiang

The financial and economic relations has been confirmed by many scholars, economicdevelopment would cause the emergence and development of the financial, and at the sametime, Financial can significantly improve the economic development, without financialsupport the modern economic development can’t go on. Since reform and opening-up,xinjiang rural economic has got rapid development, farmers’ living standards have improved,1978GDP as xinjiang social-fixed-asset1.397billion, per capita net income of farmers for119yuan, to the end of2010, GDP for107.863billion social-fixed-asset, per capita netincome of farmers reached4643yuan, two indexs, growth is as much as77times and38times, with an average annual growth rate were14.5%and12.1%respectively. But alongwith the rapid development of the rural economy, the economic and the financial gapamong rural area is expanding continually, in2004, the ratio of GDP between north ofxinjiang and south of xinjiang was2.26, to2009this ratio reached2.51, predictably,xinjiang rural areas in the financial and economic gap widening, the expansion of this gapwill seriously affect the progress of the new rural construction, for the whole of theeconomic development of xinjiang also is bad, in view of this, the rural financial regionaldifferences in xinjiang have profound research value.Based on the theory of rural finance and financial difference, this paper use coefficientof variation, Theil coefficient for dynamic analysis of Xinjiang’s rural financial differences,the conclusion is: The total difference of Xinjiang’s rural economy is expanding, andinter-regional and regional differences also is widening; Xinjiang’s per capita rural loansdifferences in narrowing, inter-regional differences is reduced, but the differences withinthe region is expanding. Through factor analysis method in Xinjiang,14prefectures aredivided into three regions: developed regions, the more developed regions and lessdeveloped regions. The main influencing factors for the differences are: the level ofeconomic development, financial location, resource endowments, government policies,market-oriented and financial organizational system. Finally, according to the clusteringresults and the reasons,three financial development model are raised.