DocumentCode :
1832724
Title :
An empirical study of rural microcredit in China
Author :
Youwei, Jiang
Author_Institution :
Inst. of Econ., Wuhan Univ. of Technol., Wuhan, China
Volume :
5
fYear :
2011
fDate :
13-15 May 2011
Firstpage :
391
Lastpage :
394
Abstract :
As a financial service, microcredit has solved the long-lasting problem that the formal financial institutions cannot provide a valid and effective way for the poor people to satisfy their financial demand. In this paper, an empirical study was made with the statistics data of Qingdao in China to measure the implementation of microcredit. Multiple linear regression models are established on both total agricultural output and incomes of farmers, and optimize them by Stepwise regression. Through comparative analysis, the models were further improved, which take lag phase into consideration. Then solution was reached, that is microcredit has a positive effect on agricultural output in the short term, but a negative role for per capita income of farmers; While in the long term, microcredit plays significant positive role to farmers´ per capita income.
Keywords :
agriculture; financial management; regression analysis; China; Qingdao; agricultural output; farmers per capita income; financial demand; financial service; formal financial institutions; linear regression models; rural microcredit; stepwise regression; Analytical models; Biological system modeling; Correlation; Finance; Investments; Production; Reactive power; Agricultural output; Household income; Microcredit; Phase lag; Regression analysis;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
Type :
conf
DOI :
10.1109/ICBMEI.2011.5914502
Filename :
5914502
Link To Document :
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