HUBEI AGRICULTURAL SCIENCES ›› 2021, Vol. 60 ›› Issue (21): 177-182.doi: 10.14088/j.cnki.issn0439-8114.2021.21.037

• Economy & Management • Previous Articles     Next Articles

Construction of evaluation index system of the influence of rural financial development on rural economic growth

ZHANG Jun-you   

  1. Fangcheng Town Financial Service Center,Lanshan District,Linyi 273406,Shandong,China
  • Received:2021-01-21 Online:2021-11-10 Published:2021-11-24

Abstract: In order to study the impact mechanism of rural financial development on rural economic growth, explore the relationship between them, and promote the positive interaction between rural finance and rural economic growth. Based on the summarization of relevant researches of scholars at home and abroad, this research established an evaluation index system for the impact of rural financial development on rural economic growth in the case of H province, introduced the VAR vector autoregressive econometric analysis method, and built a model for both. The relationship between the two was described to quantitatively analyze the impact of rural financial development on rural economic growth. Through the test of cointegration relationship, there is a long-term equilibrium relationship between rural financial development and rural economic growth. Rural finance development plays an important positive impact on rural economy growth. The most important impact on rural economic growth is the scale of rural financial development factors, through the impulse response analysis, it is found that the development level of rural financial in H province lags behind the level of rural economic growth. Combined with the problems in rural economic growth and financial development in H province, the corresponding countermeasure recommendations are put forward.

Key words: rural economy, rural finance, impact mechanism, evaluation system, VAR model

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