Financial Literacy, Policy Incentives and Farmers’ Housing Mortgage Demands
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DOI: 10.25236/emcs.2018.066
Author(s)
Xinyao Jiang, Tong Wang, Qi Rui, Linrui He
Corresponding Author
Xinyao Jiang
Abstract
The research based on the survey figures of 708 rural households in Sichuan province and Chongqing city, explaining the mechanism of financial literacy which affects the farmers’ housing mortgage loans, and verifies the path relationship between evaluation of the participated farmers and the farmers’ housing mortgage demands. Findings suggest that financial literacy has a significant positive impact on farmers’ housing mortgage loan demands, and the impact will be improved due to strong policy incentives.
Keywords
Factor analysis, Probit regression, Financial literacy, Policy incentives, Housing mortgage