文献类型： 外文期刊

第一作者： Chen Si

作者： Chen Si;Luo Er-ga;Alita, Lita;Han Xiao;Nie Feng-ying

作者机构：

关键词： formal credit; rural household income; rural finance; poverty-stricken areas in western China

期刊名称：JOURNAL OF INTEGRATIVE AGRICULTURE （ 影响因子：1.984； 五年影响因子：1.959 ）

ISSN： 2095-3119

年卷期： 2021 年 20 卷 4 期

页码：

收录情况： SCI

摘要： Financial support is a crucial part of China?s poverty alleviation effort. Thus, it is vital to understand how formal credit impacts income growth in rural households. In 2012, 2015, and 2018, a survey was conducted to obtain a panel dataset of 592 rural households from 6 poverty-stricken counties in western China, including counties in Guizhou, Yunnan, and Shaanxi provinces. We use the data to examine the effect of formal credit on rural household income and the mechanism that underlies this effect. We find that formal credit can significantly increase rural households? income in deprived areas in western China. Furthermore, formal credit promotes the reallocation of household labor from the agricultural sector to the non-agricultural sector and changes rural households? decisions about investment-consumption behavior. These are the drivers of changes in the amount and structure of household income. Further analyses show that formal credit may widen income inequality among rural households in western China?s deprived areas. The individual characteristics of rural households, such as different levels of material capital, human capital, and social capital, bring about differences in the effects of formal credit on income growth. This study emphasizes that the implementation of formal credit is an essential strategy for poverty alleviation in underdeveloped areas, but policymakers should not excessively interfere with the financial market. Financial support is a crucial part of China?s poverty alleviation effort. Thus, it is vital to understand how formal credit impacts income growth in rural households. In 2012, 2015, and 2018, a survey was conducted to obtain a panel dataset of 592 rural households from 6 poverty-stricken counties in western China, including counties in Guizhou, Yunnan, and Shaanxi provinces. We use the data to examine the effect of formal credit on rural household income and the mechanism that underlies this effect. We find that formal credit can significantly increase rural households? income in deprived areas in western China. Furthermore, formal credit promotes the reallocation of household labor from the agricultural sector to the non-agricultural sector and changes rural households? decisions about investment-consumption behavior. These are the drivers of changes in the amount and structure of household income. Further analyses show that formal credit may widen income inequality among rural households in western China?s deprived areas. The individual characteristics of rural households, such as different levels of material capital, human capital, and social capital, bring about differences in the effects of formal credit on income growth. This study emphasizes that the implementation of formal credit is an essential strategy for poverty alleviation in underdeveloped areas, but policymakers should not excessively interfere with

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