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The Influence of the Rural Financial Development on Rural Residents’ Income Growth——An Empirical Analysis Based on the Panel Data of Different Regions in Xinjiang
Pages: 20-23
Year: Issue:  4
Journal: Xi'an Finance

Keyword:  rural financeinformal financeresidents’ income;
Abstract: According to the income growth function model, using the panel data of different regions in Xinjiang, the paper empirically analyzes the relationship between the rural financial development and the farmers’ income growth in Xinjiang. The results show that the level of informal financial development has the dramatically negative effects on the farmers’ income growth, the efficiency of the rural financial development does not have the remarkable effects on the farmers’ income growth, and the level of the rural financial development positively correlates with the farmers’ income growth in the long term but negatively correlates with that in the short term. On the basis of above analysis, the paper raises corresponding policy recommendations on how to promote the growth of farmers’ income.
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