Evaluation of the Operational Efficiency of China's Policy-Based Agricultural Credit Guarantee System——Based on the Three-stage DEA-Malmquist Index Model
In order to accelerate the construction of a financial and fiscal mechanism to support agriculture,and to effectively alleviate the problem of difficult and expensive agricultural financing,since 2015 China has supported 33 provinces(autonomous region,municipality directly under the Central Government,city separately planned)in the establishment of provincial-level agricultural credit guarantee institutions through the injection of financial capital,and promoted the formation of a nationwide policy-based agricultural credit guarantee system.This paper applies the three-stage DEA model and Malmquist index analysis to measure the operational efficiency of China's policy-based agricultur-al credit guarantee system from 2019 to 2022 at the static and dynamic levels,respectively.The results show that:(1)the influence of random error factors and external environmental factors will lead to the low value of the system's opera-tional efficiency,in which the increase of the total output value of agriculture,forestry,animal husbandry and fishery and the decrease of the financial expenditure on agriculture,forestry and water affairs will have a contributing effect on the system's operational efficiency;(2)the comprehensive technical efficiency of the adjusted system is high,but only two provinces are on the efficiency frontier,15 provinces are lower than the system average value of 0.902,and the lowest efficiency value of Hunan Province is only 0.65;(3)from the point of view of the total factor productivity in-dex,the efficiency of the system firstly rises and then declines,and technology and innovation have become the main factors affecting the operational efficiency of the system.Therefore,promoting the coordinated development of the re-gion,innovating the mode of operation,and preventing and controlling business risks are important ways to improve the operational efficiency of the system.
policy-based agricultural credit guaranteesthree-stage DEA modelMalmquist indexefficiency
NETL
NSTL
万方数据
