Cargando…

Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China

This is the first study in China that looks at the impact of credit constraints from formal financial institutions on Chinese rural residents’ health. We use the Chinese Household Income Project (CHIP) data collected by the Annual Household Survey Office of Integration of Urban and Rural in the Nati...

Descripción completa

Detalles Bibliográficos
Autores principales: Yang, Fan, Jiang, Yao, Paudel, Krishna P.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7822418/
https://www.ncbi.nlm.nih.gov/pubmed/33374650
http://dx.doi.org/10.3390/healthcare9010006
_version_ 1783639631184527360
author Yang, Fan
Jiang, Yao
Paudel, Krishna P.
author_facet Yang, Fan
Jiang, Yao
Paudel, Krishna P.
author_sort Yang, Fan
collection PubMed
description This is the first study in China that looks at the impact of credit constraints from formal financial institutions on Chinese rural residents’ health. We use the Chinese Household Income Project (CHIP) data collected by the Annual Household Survey Office of Integration of Urban and Rural in the National Bureau of Statistics in 2014. We measure rural residents’ health status with self-rated health assessment and the number of sick days in 2013. The results obtained from using the ordered probit model show that, in general, credit constraints from formal financial institutions significantly and negatively affect the self-rated health of Chinese rural residents. When an endogeneity issue is addressed using the instrumental variable (IV) approach, this paper’s results are still robust. The results also show that the impact of credit constraints from formal financial institutions on rural residents’ self-rated health is significant in male, female, married, and unmarried sub-groups. Further, we find that credit constraints from formal financial institutions impact rural residents’ health through income and economic vulnerability. The findings have implications for preventing rural residents from falling into a health trap due to credit constraints from formal financial institutions.
format Online
Article
Text
id pubmed-7822418
institution National Center for Biotechnology Information
language English
publishDate 2020
publisher MDPI
record_format MEDLINE/PubMed
spelling pubmed-78224182021-01-23 Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China Yang, Fan Jiang, Yao Paudel, Krishna P. Healthcare (Basel) Article This is the first study in China that looks at the impact of credit constraints from formal financial institutions on Chinese rural residents’ health. We use the Chinese Household Income Project (CHIP) data collected by the Annual Household Survey Office of Integration of Urban and Rural in the National Bureau of Statistics in 2014. We measure rural residents’ health status with self-rated health assessment and the number of sick days in 2013. The results obtained from using the ordered probit model show that, in general, credit constraints from formal financial institutions significantly and negatively affect the self-rated health of Chinese rural residents. When an endogeneity issue is addressed using the instrumental variable (IV) approach, this paper’s results are still robust. The results also show that the impact of credit constraints from formal financial institutions on rural residents’ self-rated health is significant in male, female, married, and unmarried sub-groups. Further, we find that credit constraints from formal financial institutions impact rural residents’ health through income and economic vulnerability. The findings have implications for preventing rural residents from falling into a health trap due to credit constraints from formal financial institutions. MDPI 2020-12-23 /pmc/articles/PMC7822418/ /pubmed/33374650 http://dx.doi.org/10.3390/healthcare9010006 Text en © 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).
spellingShingle Article
Yang, Fan
Jiang, Yao
Paudel, Krishna P.
Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China
title Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China
title_full Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China
title_fullStr Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China
title_full_unstemmed Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China
title_short Impact of Credit Constraints from Formal Financial Institutions on Rural Residents’ Health in China
title_sort impact of credit constraints from formal financial institutions on rural residents’ health in china
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7822418/
https://www.ncbi.nlm.nih.gov/pubmed/33374650
http://dx.doi.org/10.3390/healthcare9010006
work_keys_str_mv AT yangfan impactofcreditconstraintsfromformalfinancialinstitutionsonruralresidentshealthinchina
AT jiangyao impactofcreditconstraintsfromformalfinancialinstitutionsonruralresidentshealthinchina
AT paudelkrishnap impactofcreditconstraintsfromformalfinancialinstitutionsonruralresidentshealthinchina