| Eliminating poverty,improving people’s livelihood,and achieving common prosperity are the essential requirements of socialism and an important mission of our party.After 8 years of continuous struggle,China has completed the goal and task of poverty alleviation in the new era as scheduled,but still faces arduous tasks.At present,the problem of China’s unbalanced and insufficient development is still prominent.How to consolidate and expand the results of poverty alleviation and improve the monitoring assistance for preventing poverty Support mechanisms and the establishment of a long-term mechanism to resolve relative poverty have become a key concern of the policy and academic circles.As a key area for poverty reduction,rural areas in China have explored various poverty alleviation methods such as education and industrial poverty alleviation.These methods are inseparable from financial support.However,due to the existence of financial exclusion,rural areas cannot enjoy convenient financial services.product and service.In 2005,the United Nations first proposed the concept of inclusive finance.It pointed out that the main service targets of inclusive finance are the poor and low-income people excluded from the formal financial system.Therefore,the development of inclusive finance plays a role in increasing the income level of rural residents and alleviating rural poverty.Very important role.However,the current academic research on the transmission mechanism of inclusive financial development to alleviate rural poverty is mainly conducted from two aspects:economic growth and income distribution.This article will explore in-depth inclusive financial development to reduce rural poverty and rural poverty from a more comprehensive macro and micro perspective.Other transmission mechanisms of poverty and relative rural poverty,and in-depth analysis of the nonlinear effects and spatial spillover effects between the two.This has important theoretical and practical significance for consolidating and expanding the results of poverty alleviation and establishing a long-term mechanism for solving relative poverty.Based on the above research,this article mainly discusses the following four major issues:(1)How to measure a more complete multi-dimensional inclusive financial indicator system based on China’s national conditions?(2)From the macro and micro perspectives,can inclusive financial development alleviate rural poverty,absolute rural poverty,and rural relative poverty.If it can be alleviated,what are the macro and micro transmission mechanisms?(3)Are there any nonlinear effects and spatial spillover effects between my country’s inclusive financial development and rural poverty?(4)What measures should China take to vigorously develop inclusive finance,continuously consolidate and expand the results of poverty alleviation,and establish a long-term mechanism for solving relative poverty?Based on the above-mentioned problems,this article conducts research and analysis from two aspects,theoretical and empirical.First of all,this article draws on the existing literature and combines China’s national conditions and social and economic development status to measure an inclusive financial development indicator system that is more in line with China’s national conditions.Based on the existing literature research,this paper selects four dimensions:financial penetration,financial availability,financial utility and financial commitment,as well as 14 indicators,and uses the coefficient of variation method to measure my country’s inclusive financial development index.This indicator system combines macro indicators and micro indicators,which can reflect the level of financial support for the entire social and economic development,as well as the financial support for micro-individuals.Secondly,this article uses classic theories such as financial development theory and financial exclusion theory to explain that inclusive financial development can alleviate rural poverty.At the same time,it uses mathematical models to demonstrate the positive effect between the two and proves that inclusive finance can reduce financial exclusion.Provide credit support to poor and low-income groups in rural areas to ease funding constraints,thereby helping them increase income and alleviate poverty.Furthermore,the empirical analysis of inclusive financial development and its four sub-dimensions have the effect of alleviating rural poverty from the macro and micro perspectives,and the quantile regression results show that inclusive financial development has a comparison of the poverty reduction effects of low-and middle-income people.Big.At the same time,the macroscopic heterogeneity results show that for the eastern region,inclusive financial development has a better effect on poverty reduction in the central and western regions.For the northern region,inclusive financial development is more effective in the southern region.The effect of poverty reduction is better;the heterogeneity of the micro-perspective results shows that in rural areas with a better institutional environment and participation in pension insurance,inclusive financial development is effective in reducing absolute rural poverty,rural relative poverty,and increasing per capita net income of residents The effect is better.In addition,through the establishment of an intermediary effect model,the transmission mechanism between the two is further explored.Based on a macro perspective,inclusive financial development can alleviate rural poverty through three transmission mechanisms:rural labor transfer,agricultural total factor productivity,and industrial structure optimization and upgrading.Based on the micro-individual.perspective,inclusive financial development can affect absolute rural poverty,rural relative poverty,rural relative poverty under high-income national standards,and rural household per capita net income through three transmission mechanisms:rural social capital,rural human capital,and Internet use..Third,on the one hand,there is a threshold effect between inclusive financial development and rural poverty.Specifically,based on a macro perspective,there is a dual threshold effect between inclusive financial development and rural poverty,which manifests as a non-linear change process from significant to very significant to significant.At the same time,the sub-dimensions of inclusive financial development There are also non-linear effects with different characteristics between the poverty level and the rural poverty level,and there are regional differences in the non-linear relationship between them.From a micro perspective,there is a single threshold effect between inclusive financial development and absolute rural poverty,rural relative poverty,and rural per capita net income.In addition,based on the macro and micro transmission mechanisms,the nonlinear adjustment effect between inclusive financial development and rural poverty is further analyzed.The results show that transmission mechanisms such as rural labor transfer,industrial structure optimization and upgrading,rural human capital,and rural social capital are all It can dynamically strengthen the role of inclusive financial development in alleviating rural poverty.On the other hand,there is a spatial spillover effect between inclusive financial development and rural poverty.The improvement of inclusive financial development can not only alleviate rural poverty in the region,but also alleviate rural poverty in neighboring areas.At the same time,inclusive financial development can alleviate rural poverty in neighboring areas.There is a spatial spillover effect between all sub-dimensions of financial development and rural poverty.In addition,we also found that inclusive financial development and its sub-dimensions have a greater effect on alleviating rural poverty in neighboring areas than in alleviating rural poverty in the region.Finally,this article is based on the analysis of the above four issues,combined with the actual development of my country,from establishing a more scientific inclusive financial development indicator system,improving the multi-level inclusive financial service system,strengthening the construction of the soft and hard environment for inclusive financial development,and dredging The development of inclusive finance has established a policy framework system in terms of the transmission mechanism for alleviating rural poverty,so as to continuously promote the sustainable development of inclusive finance in my country,continuously consolidate and expand the achievements of poverty alleviation,and establish a long-term mechanism for solving relative poverty. |
