CAJ | 학술논문

农村产权抵押的信贷供给效应是一个争论较大的问题。我们究竞应该对农村产权抵押持何种理性态度呢？由于我国试点时间短，经验证据还比较缺乏，无论从农村金融历次改革绩效的宏观角度，还是从信贷交易的微观角度分析，都能发现农村产权抵押有其开展的必然逻辑，会使部分地区和经营主体受益，故不能简单否定。但我们不能期望产权抵押成为解决农村融资困境的钥匙。现阶段因受制于城乡二元体制，农村产权抵押面临着比城市更多的约束，在金融资源配置、借款人抵押意愿、产权抵押品、产权抵押配套体系及产权抵押融资项目等方面，都具有城乡差别。因此，农村产权抵押不可能像城市产权抵押一样能有效地撬动大量信贷资源，短期内的信贷供给效应很有限。但这并非是抵押技术本身的问题，其症结主要在于城乡二元体制。创造条件继续推进农村产权抵押试点，随着城乡二元体制的破除，其效应将逐步显现。
농촌산권저압적신대공급효응시일개쟁론교대적문제。아문구경응해대농촌산권저압지하충이성태도니？유우아국시점시간단，경험증거환비교결핍，무론종농촌금융력차개혁적효적굉관각도，환시종신대교역적미관각도분석，도능발현농촌산권저압유기개전적필연라집，회사부분지구화경영주체수익，고불능간단부정。단아문불능기망산권저압성위해결농촌융자곤경적약시。현계단인수제우성향이원체제，농촌산권저압면림착비성시경다적약속，재금융자원배치、차관인저압의원、산권저압품、산권저압배투체계급산권저압융자항목등방면，도구유성향차별。인차，농촌산권저압불가능상성시산권저압일양능유효지효동대량신대자원，단기내적신대공급효응흔유한。단저병비시저압기술본신적문제，기증결주요재우성향이원체제。창조조건계속추진농촌산권저압시점，수착성향이원체제적파제，기효응장축보현현。
Rural property mortgage credit supply effect is a large debate issue. As the pilot of a short time, the empirical evidence is still relatively scarce. What a rational attitude should we really have to- wards rural property mortgage credit supply？ Both from a macro point of the previous reform of rural finan- cial performance, or from the microscopic point of credit transactions analysis, we can find the inevitable logic of rural property mortgage which will benefit some regions and business entities, it can not simply be denied. But we can not expect it to be a key to solve the rural property mortgage financing difficulties. Because under the dual structure of the urban and rural nowadays, rural property mortgage faces more constraints than urban, urban-rural divide exist everywhere ,just like the allocation of financial resources, the borrower mortgage wishes, the property collateral, the matching system and financing projects. Thus, rural property mortgage credit supply can not activate effectively a lot of credit resources like that in ur- ban, credit supply effects in the short term is limited. But the problem is not the mortgage technology it- self, the crux lies in the dual structure of the urban and rural. We should continue to promote the pilot rural property mortgage. If get rid of the dual structure of the urban and rural, rural property mortgage credit supply effect will gradually appear.