Herder Households Borrowing Behavior Under The Informal Institution Restriction

Inner Mongolia is a large agricultural and animal husbandry region in China,and also as an important production region for agricultural and animal husbandry products.Meanwhile,the animal husbandry industry is a major regional industry with a large proportion of meat,skin,wool and dairy products.At the same time,the herdsmen's demand for funds in the grassland renting,hiring labor,and production activities such as Citrus plantation is very large.There is also the need for funds under the influence of informal institutions such as comparing psychology,customs,and human contacts.Generally speaking,the pasture area has vast grassland resources and huge livestock quantity.However,some people who do not know the life of the pastoral area erroneous believe that the life of the herdsmen may be relatively superior.In fact,in remote and under-developed areas,the lack of funds for herdsmen is particularly prominent.under the premise of insufficient funds,the herdsmen must rely on external funds to make up for the shortage.That is to say,through channels such as relatives and friends lending,bank loans,private lending,etc.Therefore,the healthy development of rural finance is particularly important.This thesis interview survey method to got The basic situation of herdsmen in 2016& 2017 in Arihuduge Gaqaa,Bayan Nuogong Sumu,Alxa League,Inner Mongolia.This thesis mainly analyzes the data in 2017.Eighty-three valid data were obtained,which accounted for 0.0125% of the total number of herdsmen in the Alxa Left Banner.Then,the data was sort out to analyze the herdsmen's lending behavior.Through the uses,characteristics,and current situation of the herdsmen's lending cycle,the thesis studies the causes of herdsmen's lending,and chose the informal institutions which included Psychological comparison,customs,and human contacts as the perspective to analyze the relationship between informal institutions and herding behaviors of herdsmen.The thesis first described the statistical analysis based on the characteristics of residents' wide range of loan demand,large loan amount,low income level,and high expenditure level.Then,the econometric model analysis is carried out.Results of the model show that: psychological comparisons,customs,human relations,pasture area,head of household have a significant impact on the herdsmen's borrowing,and the lending channels are mostly formal financial institutions.