关键词: 农地确权 , 信贷配给 , 金融发展深度 , 有序多分类变量回归 , 倾向得分匹配法

Abstract: As a fundamental and institutional reform, it is apparent that land registration has helped more farmers enter financial market and promote rural finance to develop in “amount” However, is it helpful to increase the amount of loan, ease credit rationing and promote the depth of rural financial development in “quality”? This is still an important but rarely researched problem This paper analyzes theoretical mechanism that land registration eases credit rationing and promotes rural financial develop deeply from comprehensive perspective such as supply, demand, transaction costs, price rationing, risk rationing and so on Besides it carries empirical analysis by using ordinal multicategorical regression model and propensity score matching method Many studies have shown that land registration plays an important role in farmers participation in finance market, because the credit is more available at lower costs which can ease price rationing Weakening the cost of avoiding losses is able to ease risk rationing However, the effect of quality rationing and transaction cost rationing has not yet been fully shown

Key words: land registration , credit rationing , financial development , ordinal multicategorical regression model , propensity score matching method