Impacts of Formal Credit and Informal Credit on the Farmers’ Production and Consumption ——Based on the Micro Panel Data of 2006-2010 Rural Fixed Observation Point
QU Xiao-gang1,2, CHI Jian-yu2, LUO Jian-chao1
1. College of Economics and Management, Communication University of China,Beijing 100024, China; 2.College of Economics and Management, Northwest A&F University, Yangling 712100, China
Abstract：
By using the farmers’ micro panel data of 2006-2010 rural fixed observation point, the paper analyzes the impacts of formal credit and informal credit on the farmers’ production and consumption with the following conclusion: either the formal credit or informal credit has significant impacts on farmers’ production and consumption. The impacts of informal credit on the farmer’s production and consumption are far greater than that of formal credit. However, the formal credit has negative effect on the farmers’ consumption. The impacts of formal credit on the farmers’ production have regional differences. The impacts of informal credit on the farmers’ production do not have regional differences. The impacts of informal credit on the farmers’ consumption have regional differences. The impacts of formal credit on the farmers’ consumption do not have regional differences.
QU Xiao-gang, CHI Jian-yu, LUO Jian-chao.Impacts of Formal Credit and Informal Credit on the Farmers’ Production and Consumption ——Based on the Micro Panel Data of 2006-2010 Rural Fixed Observation Point[J] Economic Survey, 2014,V31(1): 44-49
2014 
