江苏省农户投资行为与金融支持的实证分析

以江苏省为例考察农户投资行为与金融支持的实证关系,通过误差修正模型和格兰杰检验等计量方法发现江苏省人均金融支持程度每提高一个百分点,当期农户人均投资量将增长0.55个百分点,同时两者呈现双向的G ranger因果关系,但农户人均投资增长率与人均金融支持增加量之间的长期均衡机制对农户投资行为的推动作用有限;根据实证结果提出相应的政策建议。

Empirical analysis of rural household investment and financial support

The empirical relationship between rural household investment and financial support was surveyed by taking Jiangsu Province as a case for study.By using the Error Correction Model and the Granger Causality Test,it is discovered that for every 1% of increase in the financial support per capita in Jiangsu,there will be a 0.55% increase in the household investment per capita,with the two increases displaying bilateral causal-effect relationship.However,the pushing effect out of the long-term balance mechanism between the household per capita increase rate and the per capita financial support increase on the household investment is limited.Some policy countermeasures are put forward in accordance with the analysis result.