关键词: 农户, 信贷的获得水平, 互联网的使用, CMP模型, IPWRA模型

Abstract: Based on the panel data of three phases of China Family Panel Studies from 2014 to 2018,this paper uses the Conditional Recursive MixedProcess(CMP) model and instrumental variable model of joint estimation to analyze the effect of Internet usage on the credit level of rural households,and uses the doublerobust IPWRA model with modified sample selfselection bias to performs robustness test.The study finds that Internet usage has a significant positive impact on the level of credit for farmers,which can improve both the availability of credit and the scale of credit for farmers.For different loan channels,Internet usage has significantly improved both formal and informal credit access levels of farmers.The heterogeneity analysis shows that Internet usage plays a greater role in promoting the credit access level of farmers who are middleaged,with parttime jobs and in central and western regions.The mechanism analysis shows that Internet usage mainly improves the level of credit obtained by farmers through three effects including information search,social interaction and income growth.Therefore,implementing the “Internet Plus” policy and increasing the Internet coverage rate in rural areas are important policy measures to alleviate the chronic financing problems of rural households and win the battle against poverty.

Key words: level of credit for farmers, Internet usage, CMP model, IPWRA model