Study On The Factors Influencing The Loan Repayment Rate Of Pastoral Households In Inner Mongolia Grassland And Pastoral Areas

Based on the current situation of loan in Inner Mongolia grassland pastoral area,this paper takes the herdsmen with loan behavior in the grassland pastoral area of Xilin Gol League in Inner Mongolia as a sample.Based on the field research data of the herdsmen of Xilin Gol League,the two-limit Tobit model is used to analyze the loan of herdsmen in Inner Mongolia grassland pastoral area.The main influencing factors of the repayment rate.The empirical results show that the herd family population,annual expenditure,loan amount and loan interest rate factors have a significant negative correlation with the herd loan repayment rate;the pasture area,live sheep value,live cattle value and annual income factor owned by the herdsmen There is a positive correlation with the loan repayment rate of the herdsmen;and the age,gender,cultural level and housing value factors of the head of household have no significant effect on the loan repayment rate of the herdsmen.Since the two-limit Tobit model can not directly give the marginal effect of the explanatory variable on the basis of the explanatory variable.Reality,the direction of loan repayment rate and its intensity change according to the change of each explanatory variable.Therefore,this paper decomposes the marginal effect of each explanatory variable on the loan repayment rate of the herdsmen into three parts,that is,the marginal effect of the explanatory variables of the herdsmen on the loan repayment rate and the loan repayment rate(0,1).The marginal effect of each explanatory variable on loan repayment rate and the marginal effect of each explanatory variable on loan repayment rate when loan repayment rate is 1,accurately determine the direction and intensity of action of each explanatory variable on the loan repayment rate of herdsmen.Further,according to the influencing factors,the corresponding influences on the different impacts of the loan repayment rate of the herdsmen are given,that is,the plan is to encourage the herdsmen to arrange the production expenditure and the living expenses reasonably;the local government can target different loan repayment rates and different economy.The status of the herdsmen provides targeted government subsidies,and the financial institutions that mainly rely on rural credit cooperatives provide loan interest rate subsidies such as low-interest loans;rationally improve the husband's credit information system,and arrange entrepreneurial funds,poverty alleviation funds and state subsidies through multiple channels.In the case of a certain grassland in a pastoral area,the herdsmen should establish brand awareness,and shepherd breeds should be inclined to high-end quality varieties to enhance the value of cattle and sheep;improve the comprehensive production capacity of pasture grassland and expand the production of high-quality pasture;local governments should also seek timely and Provide sales information,build a sales platform for the herdsmen,smooth sales channels,shorten the intermediate link between the pasture and the table,to increase the value of beef and mutton products,and improve the sales income of the herdsmen.Improve the supply capacity of formal financial institutions in the grassland pastoral area and standardize the informal financial market in grassland pastoral areas.