Chinese Rural Finance Efficiency Influence On Rural Economic Growth -based On The Data Of Rural Credit Cooperatives

Since the "issues concerning agriculture, countryside and farmers" was formally proposed, focusing on construction and other related issues are also becoming the focus of society and academia, especially with rural economic construction. As we all know, economic development means that economic growth, so closely associated rural financial problem is the crux of the problem lies. Development of rural finance in order to enable rural robust and rapid economic growth, the key point is what? Some scholars at home and abroad explained the research from the point of rural financial efficiency. In this paper, we measure the efficiency of rural finance based on the perspective of rural finance efficiency. And we try to understand the present situation of Chinese rural finance efficiency, then find Chinese rural finance efficiency influence on rural economic growth.Selected from 30 provinces(municipalities) in China rural credit cooperatives 2009 to 2013 to measure the efficiency of rural finance, and based on the measuring result to research the rural finance efficiency influence on rural economic growth. First, we use the stochastic frontier analysis(SFA) and build a rural financial efficiency index system. Then we sort the China’s 30 provinces(municipalities) by rural financial efficiency and find the low efficiency of rural finance in China at present. And we compare the rural financial efficiency from three major economic regions, further concluded that Eastern region’s rural finance efficiency is higher, Central and Western regions’ rural financial efficiency have a wide gap, so we can see the rural financial efficiency is less balanced between the three major regions. This means we need to increase efforts to enhance the rural finance efficiency in China and effective balance between three economic regions. Secondly, we use stepwise regression analysis from peasant life, urbanization, financial environmental, regression results showed that the average per capita consumption expenditure of rural households, the per capita net income of rural households, the financial value added value are not suitable. Ultimate regression results the rural financial efficiency, rural farmers’ fixed assets investment, the total assets of financial institutions are the positive impact of three variables, suggesting that improving the rural finance efficiency effectively promote the economic growth. While the empirical results show that we can strengthen rural financial service investment, improve the rural financial environment, improve the living standards of rural residents and other aspects to improve the rural finance efficiency.