The Identification of Kuznets Curve of Urban-Rural Income Gap and the Rural Financial Policy Selection in China
利用1985-2009年省级面板数据检验中国城乡收入差距的库兹涅茨曲线,发现收入差距先扩大后缩小,并评估农村金融政策对缩小差距的效果,发现部分政策反而加剧不平等。
This paper primarily employs Panel Data Models using the provincial data from 1985 to 2009,to test the changes of the income gap between urban and rural residents.The empirical result proves that the Kuznets Curve truly exists in China,which is to say,along with the economic development,the income inequality present the trend of expanded at first and then narrowed,which proves China's economic development model was growth first and then distribution.Subsequently,the authors examine whether the various rural financial policies really could effectively decline income inequality or not,from the angle of the whole country and regional segmentations respectively.It is found that not all policies were able to work well,and even some of them led to the inverse outcome,intensifying inequality.Therefore,it is a must to take different policies according to the local environment regarding to rural finance development and distribution inequality improvement.