Research On The Relationship Between Rural Non-formal Financial Development Of Western Region And It's Farmer's Income Growth

Since the new century,as the largest agricultural country in the world,the development of rural economy,the prosperity of agricultural industry and the increase of farmers' income have been the shortcomings of national development.The issue of "agriculture,countryside and farmers" has always been the top priority of the government's work.The Nineteenth National Congress of the Communist Party of China clearly regards the work of "agriculture,rural areas and farmers" as the top priority of the Party's work.In 2019,Document No.1 of the Central Committee put forward that priority should be given to the development of agriculture and rural areas.The Second Session of the Thirteenth National People's Congress calls for a solid push To solve the problem of "agriculture,countryside and farmers",the core is to increase farmers' income.In order to increase farmers' income,the necessary financial support is indispensable.However,due to the influence of mechanism and system for a long time,rural formal finance is difficult to meet the needs of rural economic development.Rural economic development and the increase of farmers' income are restricted by funds,especially in the vast rural areas of Western China.Informal finance in rural areas provides financial support for farmers and township enterprises by virtue of information and cost advantages.It eases the financial constraints of farmers and township enterprises,and has a far-reaching impact on farmers' income and economic development.However,in the process of rural informal finance supporting agriculture,due to unregulated,resulting in frequent legal cases,to a certain extent,hindered the increase of farmers' income.Then,whether the development of rural informal finance in the western region has promoted the increase of farmers' income,and how much role it has played,this paper studies this issue.The research on the impact of Rural Informal Finance on farmers' income in the western region is divided into four parts.First,the literature at home and abroad is sorted out,and the research status of informal finance and its impact on farmers' income at home and abroad is analyzed to lay the foundation for this study.Secondly,it explores the relevant theories of rural finance,and explores the path of the impact of Rural Informal Finance on the increase of farmers' income,so as to provide theoretical support for the study.Thirdly,descriptive analysis is made on the present situation of rural informal finance development in Western China from three aspects: the form of rural informal financial organization,the scale of development and the allocation efficiency.The present situation of farmers' income in Western China is described through urban-rural comparison,East-West Comparison and composition structure analysis.Finally,the factors that restrict the increase of farmers' income in rural informal finance in Western China are discussed.Discuss.Fourthly,firstly,using provincial data of Western provinces,this paper chooses rural residents' per capita net income as dependent variable,and rural informal financial scale and rural informal financial resource allocation efficiency as independent variables.Among them,informal financial scale is measured by two methods: fixed assets investment fund source and formal credit satisfaction rate;secondly,two methods are used to calculate rural informal financial scale.Finally,in view of the existing problems in the development of rural informal finance in the western region,the paper puts forward relevant policy recommendations,with a view to guiding the healthy development of rural informal finance in the western region.The empirical results show that the scale of informal finance and the allocation efficiency of informal finance both change in the same direction with farmers' income,whether measured by the source of fixed assets investment funds or by the satisfaction rate of formal finance.The results show that both the scale of informal finance and the allocation efficiency of informal finance can promote the increase of farmers' income in Western China,and the promotion of rural informal finance to the increase of farmers' income is greater than that of formal finance.