CAJ | 학술논문

笔者利用1986年～2010年的区域面板数据，实证研究了中国农村非正规金融发展的收入效应。研究表明，东、中、西部农村非正规金融发展对农民收入增长具有显著的促进作用，各区域农村非正规金融在促进农民增收上的效率要普遍高于正规金融；上述效应在不同区域、不同时段差异明显；农村非正规金融发展对低收入者的回报更高，而正规金融发展对高收入者更有利。在此基础上，笔者就农村非正规金融规范发展和农村金融深化改革提出了相关政策建议。
필자이용1986년～2010년적구역면판수거，실증연구료중국농촌비정규금융발전적수입효응。연구표명，동、중、서부농촌비정규금융발전대농민수입증장구유현저적촉진작용，각구역농촌비정규금융재촉진농민증수상적효솔요보편고우정규금융；상술효응재불동구역、불동시단차이명현；농촌비정규금융발전대저수입자적회보경고，이정규금융발전대고수입자경유리。재차기출상，필자취농촌비정규금융규범발전화농촌금융심화개혁제출료상관정책건의。
Based on the regional panel data from 1986 to 2010, this paper investigates the income effect of rural informal financial devel- opment in China. The results show that： China＇ s rural informal financial development promotes the growth of farmers＇income significantly. The efficiency of informal financial scale on increasing farmers＇income is generally higher than that of the formal finance. These effects are significantly different in different regions and at different time. The development of the informal finance returns higher for low-income, while formal finance＇ s development is more favorable to high-income earners. Based on this, some suggestions are put for-ward about rural informal financial development and deepening reform of rural financial.