A Model of Household Savings and Alternative Investments in Rural China

2019 ◽  
Vol 18 (2) ◽  
pp. 145-162
Author(s):  
Yuekai Cheng ◽  
Hongyi Li ◽  
Qi Sun ◽  
Yu Wang
Keyword(s):  
Interest Rates ◽  
Land Tenure ◽  
Rural Areas ◽  
Rural Economy ◽  
Rural China ◽  
Housing Prices ◽  
Capital Allocation ◽  
Agricultural Product ◽  
System Reform ◽  
Household Savings

This paper explores the relationship between monetary policy, prices, and rural household savings and investment behavior in China. We first develop a two-period life-cycle model with bequests for China's rural economy to analyze the impacts of interest rates, agricultural product prices, and housing prices on rural households’ capital allocation choices (households’ savings deposits, investment in private housing, and investment in agricultural productive fixed assets). We then empirically estimate the theoretical model equations with a newly compiled panel dataset covering the rural areas of 26 provinces from 2001 to 2016. Our empirical results suggest that high housing prices are harmful to the rural economy as they reduce productive investment and consumption. An efficient interest rate market and land tenure system reform are recommended.

scholarly journals Analysis on the Problems and Countermeasures of Agricultural Product E-commerce Development under the Background of Rural Revitalization

2021 ◽  
Vol 8 (10) ◽  
pp. 32-37
Author(s):  
Guanghao Liu ◽  
Keyword(s):  
Rural Areas ◽  
Rural Economy ◽  
Rapid Development ◽  
Strong Support ◽  
Agricultural Product ◽  
Chinese Government ◽  
Time Period ◽  
Rural Revitalization ◽  
Strategic Goals ◽  
Development Paths

With the rapid development of science and technology in recent years, and the strong support of the Chinese government, the world’s most extensive Internet area has been formed. In recent years, my country’s E-commerce has developed very rapidly, which has promoted the development of rural E-commerce. The development of rural E-commerce has promoted the development of the rural economy, especially in the current country’s rural revitalization strategy. The report of the 18th National Congress of the Communist Party of China stated: “Insist on focusing on the construction of national infrastructure and social development in rural areas, deepen the construction of new rural areas and poverty alleviation development, comprehensively improve rural production and living conditions, strive to increase farmers’ income, and maintain a sustained and rapid income of farmers. increase”. Rural E-commerce is a key link in the realization of the strategic goals of rural revitalization. Although my country’s rural E-commerce development has made some outstanding achievements at this stage, in terms of the time period of rural E-commerce development, it is only in its infancy. There are bound to be many problems to be solved, and some problems in the treatment of the juvenile industry may make this industry disappear. This article is based on the rural revitalization strategy. This article explores the current problems in the development of rural E-commerce in my country, and proposes specific development paths to contribute to the further development of rural E-commerce.

An Analysis of Restraints on Effective Demand for Loans in Rural China

2018 ◽  
Vol 6 (8) ◽  
pp. 107
Author(s):  
Wenjie Ma ◽  
Minxin He ◽  
Xinyu Zhong ◽  
Shengsong Huang
Keyword(s):  
Economic Growth ◽  
Migrant Workers ◽  
Rural Areas ◽  
Financial Services ◽  
Rural China ◽  
Strong Support ◽  
Effective Demand ◽  
Second Child ◽  
Factors Influencing ◽  
First Choice

China’s overall economic growth is, to a great extent, hindered by the lack of economic growth in rural areas. Based on data from the Thousand-Village Survey (2015) of 31 provinces conducted by Shanghai University of Finance and Economics, we conduct this empirical study to analyze the current state of rural financial services and the factors influencing effective demand for loans in rural China. Looking at the demand side, in 2014, only 13.91% farmers had loans, and only 15.53% of them made financial institutions their first choice when they needed loans. Clearly, there is still much to do with regard to inclusive finance. From the perspective of the supply side, only 43.86% of dispersed loans can be categorized as productive loans, further reflecting that the financial services industry does not provide strong support for rural economic growth. Further study shows that the main factors influencing effective demand for productive loans are the population age structure and the rate at which migrant workers return home. Therefore, the "Second-Child" policy and policies that encourage migrant workers to go back home to start businesses are of vital importance in order to raise effective financial demand in rural China.

scholarly journals Does Social Support Affect the Health of the Elderly in Rural China? A Meta-Analysis Approach

2019 ◽  
Vol 16 (18) ◽  
pp. 3471 ◽  
Author(s):  
Natuya Zhuori ◽  
Yu Cai ◽  
Yan Yan ◽  
Yu Cui ◽  
Minjuan Zhao
Keyword(s):  
Social Support ◽  
Rural Areas ◽  
Rural China ◽  
Statistical Significance ◽  
Empirical Studies ◽  
Relevant Literature ◽  
The Elderly ◽  
Significant Difference ◽  
Meta Regression ◽  
The Impact

As the trend of aging in rural China has intensified, research on the factors affecting the health of the elderly in rural areas has become a hot issue. However, the conclusions of existing studies are inconsistent and even contradictory, making it difficult to form constructive policies with practical value. To explore the reasons for the inconsistent conclusions drawn by relevant research, in this paper we constructed a meta-regression database based on 65 pieces of relevant literature published in the past 25 years. For more valid samples to reduce publication bias, we also set the statistical significance of social support to the health of the elderly in rural areas as a dependent variable. Finally, combined with multi-dimensional social support and its implications for the health of the elderly, meta-regression analysis was carried out on the results of 171 empirical studies. The results show that (1) subjective support rather than objective support can have a significant impact on the health of the elderly in rural areas, and there is no significant difference between other dimensions of social support and objective support; (2) the health status of the elderly in rural areas in samples involving western regions is more sensitive to social support than that in samples not involving the western regions; (3) among the elderly in rural areas, social support for the older male elderly is more likely to improve their health than that for the younger female elderly; and (4) besides this, both data sources and econometric models greatly affect the heterogeneity of the effect of social support on the health of the elderly in rural areas, but neither the published year nor the journal is significant. Finally, relevant policies and follow-up studies on the impact of social support on the health of the elderly in rural areas are discussed.

scholarly journals Evaluation of Community Resilience in Rural China—Taking Licheng Subdistrict, Guangzhou as an Example

2021 ◽  
Vol 18 (11) ◽  
pp. 5827
Author(s):  
Jianhong Fan ◽  
You Mo ◽  
Yunnan Cai ◽  
Yabo Zhao ◽  
Dongchen Su
Keyword(s):  
Spatial Distribution ◽  
Rural Communities ◽  
Rural Areas ◽  
Urban Areas ◽  
Rural China ◽  
Social Resilience ◽  
Learning Abilities ◽  
The Sustainable Development ◽  
Guangzhou City ◽  
Local Sustainability

Resilience of rural communities is becoming increasingly important to contemporary society. In this study we used a quantitative method to measure the resilience regulating ability of rural communities close to urban areas—in Licheng Subdistrict, Guangzhou City, China. The main results are as follows: (1) Rural systems close to urban areas display superior adapting and learning abilities and have a stronger overall resilience strength, the spatial distribution of which is characterized by dispersion in whole and aggregation in part; (2) the resilience of most rural economic subsystems can reach moderate or higher levels with apparent spatial agglomeration, whilst the ecological subsystem resilience and social resilience are generally weaker; the spatial distribution of the former shows a greater regional difference while the latter is in a layered layout; (3) some strategies such as rebuilding a stable ecological pattern, making use of urban resources and cultivating rural subjectivity are proposed on this basis, in order to promote the sustainable development of rural areas and realize rural revitalization. This work also gives suggestion for the creation of appropriate and effective resilience standards specifically targeted for rural community-aiming to achieve the delivery of local sustainability goals.

scholarly journals The value of in-person banking: evidence from U.S. small businesses

2021 ◽  
Author(s):  
Song Zhang ◽  
Liang Han ◽  
Konstantinos Kallias ◽  
Antonios Kallias
Keyword(s):  
Interest Rates ◽  
Interpersonal Communication ◽  
Rural Areas ◽  
Financial Services ◽  
Small Businesses ◽  
Business Owners ◽  
Soft Information ◽  
Face To Face ◽  
Treatment Effect Models ◽  
The U.S

AbstractWe produce the first systematic study of the determinants and implications of in-person banking. Using survey data from the U.S., we show that firms which are informationally opaque or operate in rural areas are liable to contact their primary bank in-person. This tendency extends to older, less educated, and female business owners. We find that a relationship based on face-to-face communication, on average, lasts 17.88 months longer, spans a wider range of financial services, and is more likely to be exclusive. The associated loans mature 3.37 months later and bear interest rates which are 11 basis points lower. For good quality firms, in-person communication also relates to less discouraged borrowing. These results are robust to multiple approaches for endogeneity, including recursive bivariate probits, treatment effect models, and instrumental variables regressions. Overall, our findings offer empirical grounding to soft information theory and a note of caution to banks against suppressing channels of interpersonal communication.

scholarly journals Social Integration and Depression of Older Adults in Rural China: Do Family or Friendship Ties Make a Difference?

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 580-580
Author(s):  
Dan Zhang ◽  
Zhiyong Lin ◽  
Shuzhuo Li
Keyword(s):  
Older Adults ◽  
Social Integration ◽  
Rural Areas ◽  
Important Determinant ◽  
Rural China ◽  
Later Life ◽  
Social Contexts ◽  
Limited Data ◽  
Family Ties ◽  
Relevant Evidence

Abstract Despite increasing acknowledgement that social integration/isolation is an important determinant of health in later life, relevant evidence for older adults in less developed social contexts is still limited. Data derived from 2015 and 2018 waves of a longitudinal study of 976 older adults, aged 60 and older, living in rural areas of Anhui Province, China. We analyzed how the level of social integration/isolation (measured as family and friendship ties) impacted depressive symptoms of older adults. Our results showed that more than half of older adults in our sample were either isolated from family or friends. Further analysis demonstrated that older people who were isolated from friends were more depressed in comparison with those who were closely integrated into friendship ties, while no such association was found in relation to family ties. Assessments of social integration among older adults should account for both family and friendship ties.

Reflections on Ecological and Environmental Construction of New Rural Program in Underdeveloped Areas

2011 ◽  
Vol 368-373 ◽  
pp. 3602-3606
Author(s):  
Ze Xin Li ◽  
Min Chen
Keyword(s):  
Rural Areas ◽  
Rural Economy ◽  
Living Environment ◽  
Ecological Environment ◽  
Small Scale ◽  
Environment Protection ◽  
Underdeveloped Areas ◽  
Rural Program ◽  
Rural Construction ◽  
New Rural Construction

Underdeveloped rural areas have good but very vulnerable ecological environment, so the environment protection should be given priority in new rural construction. Based on the problems that rural areas have faced in ecological environment, some thoughts are given in this paper on ecological and environmental: ①To solve the conflicts between the development of rural economy and ecological environment protection, the development of eco-industry can be a key solution. ② For the point that people of underdeveloped areas live in scattered and small scale groups, which leads to difficulty in facility arrangements, some proposals are put forward on the construction of living environment in underdeveloped new rural areas.

The impact of rural infrastructural investment on farmers' income growth in China

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lishuang Wang ◽  
Fan Zhang ◽  
Zehao Wang ◽  
Qiu Tan
Keyword(s):  
Rural Economy ◽  
Conduction Mechanism ◽  
Threshold Model ◽  
Rural China ◽  
Economic Transformation ◽  
Mediating Effect ◽  
Infrastructure Investment ◽  
Content Type ◽  
Rural Infrastructure ◽  
The Impact

PurposeThe purpose of this paper is to propose and verify the influence mechanism of various kinds of infrastructure investment on farmers' income in rural China. It further analyzes the effect of rural infrastructure investment on rural economic transformation.Design/methodology/approachThis research is used to GMM model to verify the relationship between infrastructure investment and farmers' income; furthermore, the mediating effect model is used to verify the linear conduction mechanism, and panel threshold model is used to verify the nonlinear conduction mechanism.FindingsThe results show that: (1) Rural infrastructure investment can indirectly affect farmers' income by changing land efficiency and land use structure; (2) The impact of infrastructure investment on farmers' income is nonlinear; (3) Increasing infrastructural investment of productivity and transportation will contribute to accelerating the transformation of rural economy.Originality/valueThis paper expands the research on the impact of rural infrastructure investment on farmers' income; it analyzes the inner mechanism and enriches the research contents in this field; the influence of various infrastructure investment on rural economic transformation is further discussed; it provides policy suggestions and theoretical basis for accelerating the transformation of China's rural economy.

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