關(guān)于農(nóng)村金融發(fā)展對(duì)經(jīng)濟(jì)發(fā)展影響的外文翻譯--農(nóng)村金融發(fā)展不會(huì)促進(jìn)經(jīng)濟(jì)發(fā)展嗎？(文件)
【正文】 Gross Domestic Product (RGDP), ?? is the cointegrating vector, X is vector of log of logRufindev (Rural Financial Development), logFDI (Foreign Direct Investment) and logInflation as explanatory variables. The emphases of the previous studies was measuring financial development using either broad money supply as a ratio to economic growth (M2) or Credit to the Private Sector ratio to economic growth (CPS) irrespective of the extend of degree of development of such economies. Failure to take the degree of economic development of a country into cognisance may led to the selection of bogus measure of financial development and so studies are bound to produces mixed results. It is normal for financial sector development to support economic growth for the advanced economies with reasonable sophisticated banking sector. On the other hand, in LDCs where not only bankrun occurring only by the month ending but also Megabanks were not adequate to cater for the financial needs of the populace. In connections to that, over twothird of the populace are dwelling in rural munity with dearth financial institution, in such economies the link between financial sector development and economic growth might be very weak. Accordingly, it could be unquestionably argued that the stock of formal credit in the rural can be used as a proxy to financial development in LDCs. For this study to assess the robustness of rural financial development over conventional measures of financial development, a model is set below which lumped the two peting measures together: ? ?4. .. .. . .. .ln..ln ttt fin d e vxR G D P ?? ???? From the model it shows that findev is the vector of financial indicators (M2 and Credit to the Private Sector were added with Rural Financial Development) and X is the vector of control variable. Lag and lead terms included in DOLS regression have the purpose of making its error term independent of all past innovations in stochastic regression. 。 firstly, to incorporates the vast majority of the unbanked populace more especially in the rural munity into active players of financial system. Secondly, it is also aimed at enhancing availability of credit to rural populace with the paramount emphasis on farmers at affordable cost. Unfortunately, the usufruct of the financial inclusion strategies such as Rural Banking and Agricultural Credit Guarantee Scheme (ACGSF) among others, does not reach the targeted beneficiaries. Some of the problems identified as responsible for poor performance in the development of Africa’s rural financial markets include excessive controls, ineffective supervision and dearth of qualified manpower on the one hand (Aliero, 2020). On the other hand, the programmes have at one time or the other been influenced by political considerations (Ibrahim and Aliero, 2020) Successive governments in Nigeria have introduced several poverty alleviation programmes from Structural Adjustment Programme (SAP) passed through National Economic Empowerment and Development Strategy(NEEDS) down to Transformation Agenda. However, such programmes have not achieved their targeted objectives (Ibrahim and Aliero, 2020). For instance, relevant data from NBS (2020) shows tha
畢業(yè)設(shè)計(jì)相關(guān)推薦
鄂ICP備17016276號(hào)-1