Research On The Influence Of Rural Finance On Rural Economic Development In Weihai Area

"Three rural issues" as one of the key issues of our country at present,has attracted wide attention from all walks of life.The development of rural economy is closely related to the development of the whole country,and its development is particularly important to the whole national economy.However,in different stages of development,rural finance plays an indispensable role in promoting the development of rural economy.Therefore,under the background of rural revitalization and high-quality development of agriculture and rural areas,how to properly handle the relationship between rural finance and rural economic development,give full play to the promoting role of rural finance,promote the sound and rapid development of rural economy,and then help solve the problems of agriculture,rural areas and farmers,is an important part of the current rural economic development.As a model coastal city of economic development in Shandong Province,Weihai has a rapid economic development trend.The sound development of its basic agriculture provides a strong basic guarantee for the development of local economy.Meanwhile,the rapid development of financial industry in Weihai also provides a good development environment for the development of local rural economy.It is of great practical significance to explore the influence of rural finance on rural economic development in Weihai City,and it can also be used for reference in other areas.This paper firstly summarizes and collates domestic and foreign research literature related to rural finance and rural economic development,and takes rural finance theories such as agricultural credit subsidy theory,rural financial market theory,imperfect competition market theory,and economic growth theories such as Harrod-Domar economic growth theory and neoclassical economic growth theory as theoretical basis.This paper provides theoretical basis for exploring the relationship between rural finance and rural economic development.On this basis,based on the county panel data of Weihai City from 2000 to 2020,the spatial effect model and threshold effect model were constructed respectively,and the indicators of rural financial scale,rural development efficiency and rural financial structure were selected as the main explanatory variables to investigate the impact of rural finance on rural economic development.Through the research found that Weihai rural finance can significantly promote the development of rural economy.At the same time,rural finance in Weihai City has significant spatial spillover effect on rural economic development.Direct effect indicates that rural finance can promote rural economic development,indirect effect indicates that rural finance will affect rural economic development in surrounding areas,and financial support for agriculture has threshold effect in the influence of rural finance on rural economic development.Based on this,the following policy suggestions are put forward to improve the allocation of rural factors,enhance the synergy of rural finance,adopt relevant policies such as financial support for agriculture according to local conditions,so as to further strengthen the ability of rural financial allocation in Weihai,narrow the gap between the rich and poor in rural areas of Weihai,and achieve common prosperity.