scholarly journals NRCMS and Rural Household Credit Availability in China: Evidence From CFPS

2020 ◽  
Author(s):  
Jin Liu ◽  
Qing Xu ◽  
Qing Yang ◽  
Yufeng Lu
Keyword(s):  
Financial Services ◽  
Disease Burden ◽  
Economic Effect ◽  
Chinese Government ◽  
Health Insurance System ◽  
Government Investment ◽  
Credit Availability ◽  
Cooperative Medical Scheme ◽  
Household Credit ◽  
Public Health Insurance System

Abstract Background: The Chinese government has, in seeking to enable farmers to obtain and use safe and affordable formal financial services, implemented Inclusive Finance. But disease burden, poor health and other factors have made it difficult for farmers to obtain formal credit servicesMethods: This paper draws on 2010 China family survey (CFPS) data to explore how the New Rural Cooperative Medical Scheme (NRCMS) affected rural households’ credit availability. Results:The results show that, as a public health insurance system sustained by the participation of government investment participation, the NRCMS provides good ‘collateral’ and significantly enhances farmers’ credit availability level. Conclusions: Our study suggests the positive impacts is mainly reflected in the economic effect of the NRCMS. This raises the question of how to make better use of the NRCMS’ mortgage function, promote inclusive finance and provide more financial services for farmers that will promote their income. This serves to confirm and underline the importance of relevant policies.JEL Classifications: I18; G50; O16

Improving migrants’ access to the public health insurance system in China: A conceptual classification framework

2017 ◽  
Vol 26 (2) ◽  
pp. 274-284 ◽  
Author(s):  
Zuyu Huang ◽  
Zehan Pan
Keyword(s):  
Public Health ◽  
Health Insurance ◽  
Public Health Insurance ◽  
Chinese Government ◽  
Barriers To Entry ◽  
Health Insurance System ◽  
The Public ◽  
Insurance System ◽  
Classification Framework ◽  
Public Health Insurance System

Although the Chinese government has established a public health insurance system covering both rural and urban areas, the rural–urban migrants seem to have been neglected. To have a clear sense of the current status of migrants in the public health insurance system and to find ways to increase their enrollment to medical insurance, this paper attempts to construct a conceptual classification framework of China’s health insurance system. This was done by reviewing the development of China’s health insurance system and identifying barriers to entry for migrants. The finding suggests that migrants’ limited access to health insurance owes more to their reluctance than to system exclusions. The job and residential stability of migrants are critical factors to building the classification framework to account for supply and demand factors in the formulation of China’s health insurance policy.

scholarly journals The Impact of Public Health Insurance on Household Credit Availability in Rural China: Evidence from NRCMS

2020 ◽  
Vol 17 (18) ◽  
pp. 6595
Author(s):  
Qing Yang ◽  
Qing Xu ◽  
Yufeng Lu ◽  
Jin Liu
Keyword(s):  
Public Health ◽  
Health Insurance ◽  
Low Income ◽  
Economic Effect ◽  
Rural Households ◽  
Large Body ◽  
Public Health Insurance ◽  
Credit Availability ◽  
Household Credit ◽  
The Impact

A large body of literature has shown that the burden of healthcare can push individuals and households into the burden of medical care and income loss. This makes it difficult for rural or low-income households to obtain and use safe and affordable formal credit services. In 2003, China’s government implemented a new rural public health insurance, which was called the New Rural Cooperative Medical Scheme (NRCMS). This study provides evidence of the impact of NRCMS on household credit availability using the China Family Panel Studies (CFPS) for 2010. The tobit regression approach and mediator model are used. The results show that, as a public health insurance system sustained by the participation of government investment, the NRCMS provides good “collateral” and significantly enhances rural households’ formal credit availability level. Furthermore, this positive effect is mainly reflected in the economic effect of NRCMS. Our results are robust to alternative statistical methods. Our findings suggest that expanding access, fulfilling the NRCMS mortgage function, and providing more financial services for rural households would have big benefits with regard to easing credit constraints for rural residents.

Trends in breast-conserving surgery in Mexico after the implementation of a public health insurance system

2021 ◽  
Author(s):  
Juan Enrique Bargallo-Rocha ◽  
Juan Alejandro Torres-Domínguez ◽  
Nancy Reynoso-Noverón ◽  
Jaime Rivera-Corona ◽  
María Teresa Ramírez-Ugalde ◽  
...  
Keyword(s):  
Public Health ◽  
Health Insurance ◽  
Breast Conserving Surgery ◽  
Public Health Insurance ◽  
Health Insurance System ◽  
Insurance System ◽  
Public Health Insurance System

Financial Services and the GATS in the GCC: Problems and Prospects

2014 ◽  
Vol 10 (3) ◽  
Author(s):  
Hatem Samman ◽  
Sheikh Shahnawaz
Keyword(s):  
Risk Taking ◽  
Financial Services ◽  
Banking Sector ◽  
Oil Prices ◽  
Policy Impact ◽  
Outside Option ◽  
The Public ◽  
Credit Availability ◽  
Tradable Sector ◽  
Opening Up

AbstractOne objective of the General Agreement on Trade in Services (GATS) of the World Trade Organization is to achieve financial services liberalization in member countries. We assess the implications of such liberalization commitments in the banking sectors of the Gulf Cooperation Council (GCC) countries. After providing an overview of the GCC banking sector, we discuss the GATS provisions relevant to financial services. Liberalization commitments and exemptions of these countries under the agreement are also presented. Using the observation that spikes in oil prices are accompanied with expansion in credit availability, we develop a simple model to formally explore the consequences of opening up the banking sector. Our analysis considers the possible policy impact on the domestic banking industry as well as a non-tradable sector that is driven by local entrepreneurship. Our investigation suggests that while high oil prices facilitate credit availability, they also enable governments to more easily and better subsidize employment in the public sector. This more attractive outside option then serves as a deterrent to risk-taking entrepreneurs which could stunt the growth of the non-tradable sector. A liberalized banking sector could mitigate this outcome as well as other institutional inefficiencies in lending, but also brings with it the vulnerability to global financial crises.

scholarly journals The Growth of Finance

2013 ◽  
Vol 27 (2) ◽  
pp. 3-28 ◽  
Author(s):  
Robin Greenwood ◽  
David Scharfstein
Keyword(s):  
Asset Management ◽  
Financial Services ◽  
Financial Sector ◽  
Financial Services Industry ◽  
Shadow Banking ◽  
Preliminary Assessment ◽  
Management Fees ◽  
Active Asset Management ◽  
The Us ◽  
Household Credit

The US financial services industry grew from 4.9 percent of GDP in 1980 to 7.9 percent of GDP in 2007. A sizeable portion of the growth can be explained by rising asset management fees, which in turn were driven by increases in the valuation of tradable assets, particularly equity. Another important factor was growth in fees associated with an expansion in household credit, particularly fees associated with residential mortgages. This expansion was fueled by the development of nonbank credit intermediation (or “shadow banking”). We offer a preliminary assessment of whether the growth of active asset management, household credit, and shadow banking—the main areas of growth in the financial sector—has been socially beneficial.

Empirical analysis of the fuzzy system model of financial expenditure economic effect

2021 ◽  
pp. 1-12
Author(s):  
Liangguo Qiao ◽  
Mingde Qi
Keyword(s):  
Fiscal Policy ◽  
Economic Effect ◽  
Policy Instruments ◽  
Economic Effects ◽  
Government Investment ◽  
Short Run ◽  
Dynamic Stochastic ◽  
Investment Spending ◽  
The Impact

In order to analyze the effects of active fiscal policy implemented in China in the context of tax and fee reduction, this paper adopts a dynamic stochastic general equilibrium model with microeconomic foundations to study the economic effects of fiscal policy based on a comprehensive consideration of the previous literature. The empirical study based on Matlab software finds that: first, active fiscal policy has a boosting effect on the economy and can stimulate the level of output to rise in the short run; second, different fiscal policy instruments have different impact mechanisms on economic variables, and the impact paths of government consumption spending and investment spending are completely inconsistent; third, the economic effects of government tax cut policies are better than government spending policies, and structural tax cut policy is softer than universal tax cuts; fourth, expansionary government investment spending has the most significant effect on output stimulation and has a very long-term impact on output level. Through the above model analysis, this paper argues that fiscal policy should play a greater role in supporting industrial restructuring, giving full play to the long-term advantages of the interest rate effect on the basis of satisfying society’s short-term needs and pursuing prosperous economic development, increasing investment in public resource areas, deepening industrial structural reforms, offsetting negative supply shocks brought by trade frictions and cross-border investment, raising long-term output levels and increasing employment opportunities.

Sign in / Sign up

Export Citation Format

Share Document