Research On The Optimization Of Agricultural C Apital Allocation Efficiency By The Development Of Inclusive Finance

Since ancient times,agriculture has occupied the main economic position in our country.The development of agriculture is of great strategic significance to the stability of the country and the improvement of people's livelihood.The total amount,increment and increase of the national investment on agriculture,rural areas and farmers have repeatedly reached new highs.However,by analyzing the financial and ecological environment in which agriculture is located at the present stage,agriculture is still facing more severe constraints from the external financing environment.In this case,it is difficult to improve the efficiency of agricultural capital allocation.In recent years,the development of inclusive finance provides an opportunity to improve the efficiency of agricultural capital allocation.On the positive side,the development of inclusive finance will encourage rural financial institutions to increase agricultural credit and control credit funds.Increase the efficiency of agricultural capital allocation;On the negative side,inclusive finance has a certain degree of compulsion compared with other financial policies,while mandatory financial policies tend to have a certain degree of bias.Thus,the enthusiasm of agricultural production and the improvement of agricultural capital allocation efficiency will be consistent.Based on the basic concepts and related theories of inclusive finance and agricultural capital allocation efficiency,this paper puts forward the assumption that inclusive finance development will optimize the efficiency of agricultural capital allocation.On the basis of the above assumptions,this paper constructs an inclusive financial development evaluation system based on the literature analysis and the actual situation of inclusive financial development in China,using the data from 31 provinces and cities in China from 2011 to 2017.The weight of each index is determined by principal component analysis to calculate the inclusive financial development index of China from 2011 to 2017,and the efficiency of allocation of agricultural capital in China is calculated by means of capital output method and elastic coefficient method,respectively.According to the rationality of the calculation results and the demand of the empirical analysis,the ICOR method is finally selected to calculate the efficiency of agricultural capital allocation in 31 provinces and cities in China.This article selects each The overall level of regional economic development,urban-rural dual economic structure,per capital management scale in rural areas,per capital mechanical power in rural areas as control variables,The panel data model is used to analyze the linkage effect of inclusive financial development and agricultural capital allocation efficiency.The results show that China's inclusive financial development index and agricultural capital allocation efficiency gap between provinces,and inclusive financial development will improve the efficiency of agricultural capital allocation to a certain extent.In the control variables,the index of dual economic structure will restrain the improvement of agricultural capital allocation efficiency,and other control variables include the overall level of economic development and the scale of per capita operation in rural areas.The per capital mechanical power in rural areas has a positive effect on the efficiency of agricultural capital allocation.According to the empirical results,in the end,based on the improvement of the efficiency of agricultural capital allocation,this paper puts forward corresponding optimization suggestions from three aspects.