中文摘要：

基于江苏省640户农户调研数据,采用Heckman两阶段选择模型,分析民间借贷市场上农户的资金供给行为.研究结果表明,农户自身的经济状况对农户资金供给行为具有正向影响.但资金需求方的特征对农户有息供给和无息供给决策具有不同影响.农户有息供给决策重视需求方经济状况和资金的收益性,无息供给决策则更关注的是“关系冶.

英文摘要：

According to the investigation on 640-rural households from Jiangsu Province,this paper studied the ru-ral households’lending behavior in informal credit market with two-stage Heckman selection model. The resultsshowed that that lenders’own family economic condition has a positive effect. But borrowers’characteristics havedifferent influence on interest-bearing lending and non-interest bearing lending. However,rural households lendinterest focuses on borrowers’economic condition and profitability when they make interest-bearing lending deci-sions. They pay more attention to “relationship”when making non-interest bearing lending decisions.