Research On The Influence Of Rural Financial Development On Farmers' Income In Shandong Province

2017 Central No.1 document on the deepening of the agricultural supply side of the structural reform to speed up the development of new agricultural and rural development of a number of opinions pointed out that around the agricultural efficiency,farmers' income,rural green,accelerate the pace of structural adjustment,increase rural reform efforts to improve the comprehensive benefits and competitiveness of agriculture,enough to see the party and the government's attention to the issue of agriculture.It is necessary for the people to realize the great rejuvenation of the country.And finance as the core of modern economy,it's services have been extended to the vast rural areas,is quietly changing the way of farmers living,such as farmers' consumption,financial concepts,with the expansion of financial services and market economy deepening.Finance has become the key to the current allocation of resources.In June 2016,Premier Li Keqiang in the study of China Construction Bank,the People's Bank of China stressed:finance is the lifeblood of the national economy,financial services should be better served in agriculture and small micro-enterprises.Shandong Province,the proportion of agricultural population is large,is China's agricultural province,is also the first implementation of rural financial reform pilot,how to promote the development of rural finance in Shandong Province in order to achieve the goal of increasing farmers' income,Shandong Province is currently facing a major topic.This paper expounds the related theories of farmers income and rural financial development,analyzes the present situation of financial development and farmers' income in Shandong Province,and finds out that there are still many problems in the development of rural finance in Shandong Province.The statistics of 1996-2015 Unit root,cointegration test and Granger causality analysis,the relationship between the two empirical analysis,and the introduction of two control variables,the analysis of the LNY,FG,FX,GZ,JY.There is a cointegration relationship among the variables,that is,the relationship between the rural financial development and the farmers 'income in Shandong Province has a long-term stable relationship.For details,see Chapter 4.Finally,given the problems of rural finance in promoting farmers' income and the results of empirical analysis,this paper puts forward specific policy recommendations.