信贷约束和新生代农民工创业

产业兴旺的内源式发展需要充分挖掘并发挥广大农民的企业家精神。本文基于江西省1028位新生代农民工的微观数据,采取直接诱导法甄别了样本的信贷约束及其类型,使用倾向得分匹配法(PSM)实证检验了信贷约束对创业的影响,并利用马氏匹配法进行了稳健性检验。结果表明,约59%的样本受到信贷约束,信贷约束会降低创业概率约16%,缓解信贷约束能使样本的创业比例提高约10%。分样本回归的研究结果表明,部分数量型和成本型信贷约束对创业的负向影响相对更大,高财富组的信贷约束对创业的负向影响更大。因此,促进新生代农民工创业不仅要积极改善其融资环境,还要实施科学的信贷政策瞄准机制。

Credit Constraint and the Entrepreneurship of the New Generation Migrant Farmers

Based on the investigation of 1028 migrant farmers in Jiangxi province,this study identifies the credit constraint and its types,as well as tests the impact of credit constraint on entrepreneurship and the robustness of the results.The results show that 59%of our sample are credit constrained which reduces 16%of the probability to implement entrepreneurship.Our study also proves that about 10%of the migrant workers will be increased to implement entrepreneurship if credit constraint can be effectively alleviated.The results of the sub-sample regression show that partial quantitative and cost credit constraints have a more negative impact on entrepreneurship.Therefore,it is necessary to improve the credit environment and targeting mechanism for the farmers’entrepreneurial implementation.