农村金融深化促进了农村产业融合发展吗?——基于区域差异视角的实证分析

在当前全社会高度重视金融服务乡村振兴的背景下,厘清农村金融深化对农村产业融合发展的影响至关重要。基于金融深化理论,利用2008—2017年中国省际面板数据,在测算农村产业融合发展水平和农村金融深化程度的基础上,采用FGLS方法和SYS-GMM方法,系统考察了农村金融深化对中国农村产业融合发展的影响及其区域差异。结果表明,农村金融深化程度和农村产业融合发展水平由2008年的1.029 5和1.039 3上升到2017年的2.717 4和2.604 8,年均增长率分别为11.39%和10.75%。农村金融深化显著促进了中国农村产业融合发展水平的提升,且这种影响存在明显的区域差异,相比于中西部地区,农村金融深化对农村产业融合发展的提升作用在东部地区更加显著。运用面板门槛模型检验发现,地区之间农村金融深化程度、农村人力资本水平和交通基础设施水平的不同,是造成农村金融深化对农村产业融合发展的影响存在区域差异的重要原因。因此,提出不断增加农村产业融合发展的金融供给,因地制宜实施农村产业融合发展的促进政策等建议。

Have enhanced rural financial services promoted the integrated development of agricultural industry? An empirical analysis based on the perspective of regional differences

Under the background that the whole society attaches great importance to the revitalization of rural financial services, it is very important to clarify the impacts of enhanced rural financial services on the integrated development of agricultural industry. Based on an inter-provincial panel data of China from 2008 to 2017 and applying the FGLS method and the SYS-GMM method, this paper systematically investigated the influence of enhanced rural financial services on the integrated development of agricultural industry and its regional differences. Results showed that enhanced rural financial services and the integrated development of agricultural industry increased from 1.029 5 and 1.039 3 in 2008 to 2.717 4 and 2.604 8 in 2017, with average annual growth rates of 11.39% and 10.75%, respectively. Enhanced rural financial services have significantly promoted the integrated development of agricultural industry in China. And there were obvious regional differences in this kind of influence. Compared with the central and western regions, the effect of enhanced rural financial services on the integrated development of agricultural industry is more significant in the eastern region. In addition, this study also found that the differences among enhanced rural financial services, rural human capital, and transportation infrastructure in different regions are important reasons for the regional differences in the impacts of enhanced rural financial services on the integrated development of agricultural industry. Therefore, the paper provides some policy suggestions, including to increase the financial supply for the integrated development of agricultural industry and to implement the promotion policies of the integrated development of agricultural industry according to local conditions.