关键词: 贷款证 , 农户信贷约束 , 倾向得分匹配法

Abstract: Based on the survey data of Chinese rural finance, the PSM method was adopted to overcome the problem of the sample selection bias and the endogenous nature of the rural households, and to assess the effect of the loan certificate on the credit constraints Empirical results show that the farmers’ credit constraint intensity of the loan certificate will be significantly reduced by 438%, and the loan certificate will enable the farmers to reduce the intensity of the credit constraints in the production activities than the consumer activities To further assess the effect of obtaining loan certificate to ease the credit constraints on different production and consumption activities, the results show that loan certificate has different degrees of reduction to agriculture production, business, housing and education But it does not have effect on marriage, funeral and disease

Key words: loan certificate , credit constraints , PSM