Research On The Model Of Global Imbalance And Its Applicability To China

The development of rural economy is not only the foundation of the national economic development,but also a“cornerstone”of social sustainable development.In the process,the development of rural finance is the key,as the supplement of formal financial institutions,the development of private financial institutions should not be ignored,up to June 30,2016,there are 8810 small loan companies which have issued 9364 billion yuan in loans.Because of the development of small loan companies and rural economic of different provinces is not the same,it is necessary to argue whether the development of small loan companies can effectively promote rural economic,and the distinction among different regions.First,chapter 1 mainly introduces the researching background and significance,classify the related literature at home and abroad systematically,and then briefly introduces the research method,research content and framework and innovative point of this paper.Then,chapter 2 expounds basic theories related with rural financial development,and analyzes the impact of small loan companies to rural economic.Chapter 3 elaborates on current situation of small loan companies and rural economic.Chapter 4 is the empirical analysis of the development of small loan companies impact on rural economic based on panel data model and further studies the regional differences of this impact.The last part summarizes the main conclusions and puts forward the corresponding policy suggestions.The paper selects rural data of 28 provinces from 2009 to 2014 in China,while introducing five variables:gross agricultural production,loan balance of small loan companies,rural employment,rural fixed asset investment and agricultural financial subsidies.Empirically analyzes the development of small loan companies on rural economic based on C-D model and panel data models.The empirical results show that:During the sample period,the development of small loan companies could benefit rural economic,besides,increasing of rural employment and rural financial subsidies could promote the development of rural economic.Further regional analysis shows that:(1)It is more remarkable that the promotion of small loan companies development to rural economic for these agricultural advantage regions than agricultural disadvantage regions;(2)Increasing of rural employment could promote the development of rural economic for the agricultural advantage regions significantly,while there isn't show great effect for the agricultural disadvantage regions;(3)To some extent,increasing of rural fixed asset investment could promote rural economic for the agricultural advantage regions;(4)Rural financial subsidies could promote the development of rural economic for those two regions.