On the Informal Finance and Farmer's Borrowing Behaviors
基于中国八省调查数据，分析农户在正规与非正规信贷市场的借贷行为，发现家庭人口特征、社会经济状况及法律环境认知影响借贷选择，有政治地位的农户更易获得正规贷款。
Based on the survey data collected from eight provinces in China,the paper empirically analyzes the borrowing behaviors of rural households in both formal and informal credit markets.The authors find that rural household borrowing behaviors are influenced by the family's demographics as well as socio-economic conditions. Besides,the legal environment also affects the development of the formal financial market,as those who have a better understanding of the legal system have a greater tendency of choosing the formal loans rather than informal ones.The authors also find that those who have political status have an advantage in getting formal loans from banks.