The grey correlation analysis about the Relationship between the Rural Finance and the Rural Economical Growth of Sichuan Province

Xiao-fang Zhang and Yan-bin Qi

Asian Agricultural Research, 2011, vol. 03, issue 01, 4

Abstract: This paper analyzes the relationship between rural finance of Sichuan Province and the rural economy from 1999 to 2009 by using the sequential growth rate of the total value of farming, forestry, animal husbandry and fishery and the sequential growth rate of the per capital total income of rural households as the indicators of rural economic development; and taking the volume of deposit, volume of credit, volume of agricultural credit and the credit volume of township enterprises as the indicators of rural financial development; as well as the method of grey correlation analysis. The results show that there is an obvious positive correlation between them, and the development of country finance has the closest connection with the sequential growth rate of farming, forestry, animal husbandry, sideline production and fishery. The loan scale of township enterprises has the biggest influence on the increase of the rural economy. The countermeasures are put forward, covering optimizing investment structure; supporting the development of township enterprises; encouraging loan; actively lightening the financial difficulties in the process of developing rural economy; innovating and exploring; and promoting the diversified development of rural finance.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ags:asagre:108414

DOI: 10.22004/ag.econ.108414

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