文章基本信息

标题：Do formal credit constraints affect the rural household consumption in China?
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作者：Zhao J. ; Zhang J. ; Barry P.J. 等
期刊名称：Agricultural Economics
印刷版ISSN：0139-570X
电子版ISSN：1805-9295
出版年度：2014
卷号：60
期号：10
页码：458-468
出版社：Czech Academy of Agricultural Sciences
摘要：The article investigates the consequences of credit constraints on rural household consumption in China. Based on a unique rural finance and consumption survey, the authors first identify the credit constraint status of rural households from formal financial institutions. Then, they apply an endogenous switching regression model to compare the consumption responses to household production inputs for credit constrained and non-constrained households. The estimation results reveal that the credit constraint could result in the crowding out effect of the aggregate household consumption from its production inputs. Nonetheless, similar to the non-constrained households, the credit constraint households are capable of smoothing their necessary consumption.
关键词：direct elicitation method; rural credit; switching regression model