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Empirical Study of Relationship between Rural Finance Development and Peasant Income of Sichuan Province

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  • Ya Yang
  • Yuansheng Jiang

Abstract

Using to the relative data from 1989-2010 in Sichuan province, with ADF unit root test, cointegration test, error correction model and Granger causality test, we make an empirical study on the relationship of scale of rural finance development, structure of rural finance development, rural finance development efficiency and peasant income growth. The empirical results show that- there is positive correlation among peasant income and scale, structure of rural finance development, on the other hand, there is negative correlation between peasant income and rural finance development efficiency. The result of Granger causality test shows that there is no cause-and-effect among peasant income and the scale, structure, and efficiency of rural finance development.

Suggested Citation

  • Ya Yang & Yuansheng Jiang, 2012. "Empirical Study of Relationship between Rural Finance Development and Peasant Income of Sichuan Province," Accounting and Finance Research, Sciedu Press, vol. 1(1), pages 192-192, May.
    • Handle: RePEc:jfr:afr111:v:1:y:2012:i:1:p:192
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    References listed on IDEAS

    as
    1. Greenwood, Jeremy & Jovanovic, Boyan, 1990. "Financial Development, Growth, and the Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1076-1107, October.
    2. Banerjee, Abhijit V & Newman, Andrew F, 1993. "Occupational Choice and the Process of Development," Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 274-298, April.
    3. Zhicheng Liang, 2006. "Financial Development and Income Inequality in Rural China 1991-2000," WIDER Working Paper Series RP2006-96, World Institute for Development Economic Research (UNU-WIDER).
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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