Influence Of Herdsmen’s Loan On Part-time Employment Behavior Under Grassland Ecological Compensation Policy

Loan is one of the important sources of funds for herdsmen,which has a great influence on the production activity and life of herdsmen.Under the grassland ecological compensation policy,the amount of natural pasture decreased,the production cost of livestock industry increases,herdsmen are short of funds,and difficult to obtain sufficient loan support from financial institutions,which leads to the decrease of animal husbandry income.Therefore,part-time employment has become a forced choice of herdsmen to maintain family income and supplement production funds.However,part-time employment of herdsmen will reduce the efficiency of animal husbandry and the enthusiasm of herdsmen production,which is not conducive to the development of animal husbandry.So far,the related research focuses on the behavior of farmers in the farming industry,fewer studies are on the influencing factors of the behavior of the herdsman,and studies on relationship between the loan and the behavior of the herdsman are less.Therefore,based on the implementation of grassland ecological compensation policy in China,this study chooses typical animal husbandry counties as the research area trying to clear the relationship between the loan and part-time employment of herdsmen,and provide theoretical basis for the financial institutions to improve the credit policy,and then promote the transformation of animal husbandry production and promote the development of local animal husbandry.This study selected 304 herdsmen’s family data from Henan Mongolian Autonomous County,Huangnan Tibetan Autonomous Prefecture,Qinghai Province,to explore the influence of loan on the part-time employment behavior of both herdsmen.Firstly,based on the local development information,statistic data and the survey data,this study analyzes the regional population characteristics and part-time employment situation,and reveal the financing problems of herders in Henan Province in production and life;secondly,this study makes empirical analysis on the behavior of both herdsmen and explores the relationship between the loan and the choice of part-time employment and the degree of part-time employment of the herdsmen by using the Ⅳ Pro model Bit model and Ⅳ Heckman two-stage model.Finally,this study uses the hierarchical regression method to further explore the influence of the loan of the herdsmen on the choice and the degree of part-time employment under the regulation of the policy.The results are as follows:(1)Herdsmen have a high degree of dependence on loans,frequent lending behavior and large amount of loans.Due to the characteristics of high interest rate and difficulty of informal lending,herdsmen prefer formal lending,and the lending funds are mainly used for productive expenditure.(2)Whether herdsmen borrow,the amount of borrowing and the purpose of borrowing have a significant negative impact on the choice of part-time business,which shows that The occurrence of borrowing,large amount of borrowing and productive borrowing will reduce the possibility of part-time business.Family dependency ratio,labor share and family assets have a significant positive impact on the choice of part-time employment,while natural grassland area has a significant negative impact on the choice of part-time employment.(3)Whether herdsmen borrow and the amount of borrowing have a significant negative impact on the degree of part-time employment,which shows that the greater the amount of borrowing,the more obvious the degree of inhibition.The education level of the head of household,the ratio of family support and the ratio of labor force have a significant positive impact on the degree of part-time employment of herdsmen.(4)Grassland ecological compensation has no moderating effect on Herdsmen’s loan and part-time employment choice,but it has a negative moderating effect on the degree of part-time employment.That is to say,grassland ecological reward will weaken the inhibitory effect of herdsmen’s loan on the degree of part-time employment.Combined with the above conclusions,this paper puts forward the following suggestions for the research of regional financial institutions:(1)Reduce the lending threshold and increase the financial supply of herdsmen.To further meet the needs of herdsmen,we should reduce the loan interest rate and develop new mortgage guarantee methods.(2)Increase the supply of productive loans and accelerate the innovation of financial products.Increase production loans,launch financial products more in line with the characteristics of animal husbandry production,and provide more financial support for animal husbandry production.(3)Simplify lending procedures and change the way of financial services.strengthen the publicity of loans,encourage online credit business and other measures to improve the level of financial services.(4)Strengthen financial supervision,improve the construction of the financial system,further broaden the supply channels of loans,and improve the diversification of the financial market.