Rice ***:How Rice Farming Shaped Informal Finance in China

作     者：Zhang Bo Sun Tao 

作者机构：School of Economics at Shandong UniversityThe Center for Economic Research at Shandong UniversityJinanChina 

出 版 物：《China Economist》 (中国经济学人（英文版）)

年 卷 期：2023年第18卷第3期

页      面：94-111页

学科分类：09[农学] 0901[农学-作物学] 

基　　金：sponsorships from the National Natural Science Foundation of China(Grant No.72273075,71703080) the MOE(Ministry of Education in China)Liberal Arts and Social Sciences Foundation(Grant No.21YJC790156) the Major Project of the Guangxi Academy for the Chinese National Community Awareness(Grant No.2020GXMGY0103) the General Project of the Provincial Natural Science Foundation of Shandong Province(Grant No.ZR2020MG063) the Qilu Young Scholars Program and Young Scholars Future Plan of Shandong University 

主　　题：Rice cultivation informal finance formal finance historical origins 

摘      要：China’s financial system is characterized by the coexistence of both formal and informal finance,and informal finance appears to be more prevalent in the south of the country compared to the *** this paper,we use the historical demarcation of rice-farming regions and the percentage area of rice sown to ascertain the regional distribution of rice farming in the south and wheat farming in the north in order to analyze the role of rice farming in the evolution of different types of financial institutions in *** find that rice cultivation has a positive effect on informal financial development,though its impact on formal finance is *** wheat farming,rice cultivation requires farmers to collaborate during busy farming seasons and necessitates the construction of irrigation *** collaboration helped enhance an acquaintance society,in which both parties to transactions enforced the rules and contract terms of their own initiative,paving the way for informal *** paper not only demonstrates the cultural roots of the regional financial disparities in China but also expands the research on the ways in which farming practices from the past have shaped the development of China’s present financial markets.