基　　金：国家社会科学基金重大项目（12＆ZD049）;国家自然科学基金项目（71273220）;湖南省哲学社会科学基金重点项目（12ZDB03）

　　摘　　要：本文基于2006—2011年全国省级面板数据，从理论与实证角度分析了金融资源分配的不公平如何导致收入分配的不公平。通过广义矩估计（GMM）模型估计发现，农村金融排斥显著影响城乡收入差距。其中，条件排斥、地理及营销排斥显著扩大城乡收入差距，价格排斥却能在一定程度上缩小城乡收入差距。回归方程分解分析结果表明，这四大排斥平均解释度分别为10．75％，1．00％和14．35％，农村金融排斥共解释城乡收入差距的26．1％。此外，非农业就业比例的提高与城镇化的有效推进对缩小城乡收入差距也有重要影响。因此，金融资源配置的“效率”与“公平”并重、提高农民家庭生产性固定资产的积累和增加农村金融服务宽度对于缩小城乡收入差距具有重大意义。

　　Based on the 2006--2011 National Provincial Panel Data, We make both theoretical and em- pirical analyses on the channel through which unfair allocation of financial resources leads to unfair distri- bution of income. We find that financial exclusion influence the urban-rural income gap significantly through GMM model estimating~ Among that, Condition exclusion, geography and marketing exclusion significantly expand urban-rural income gap~ while price exclusion could narrow the urban-rural income gap to a certain extent. The regression analysis shows that each degree of interpretation reached 10. 75 %, 1.00% and 14. 350//00, the total interpretation of financial exclusion reaches 26.1~. In addition, a higher proportion of non-agricultural employment and the effective progress of urbanization have varying degrees of impact on urban-rural income gap. Therefore, ＂efficiently＂ and ＂fairly＂ allocation of financial re- sources and try to improve farmers＇ family accumulation of fixed assets for production and increasing the width of rural financial services is of great significance for narrowing the urban-rural income gap.

　　关 键 词：农村金融排斥 城乡收入差距 回归方程分解分析

　　rural financial exclusion urban-rural income gap regression equation decomposition analysis

　　分 类 号：F291.3