An Empirical Study On The Impact Of Financial Inclusion Level On Urban And Rural Income Gap In Guangxi

With the gradual development of reform and opening up and the socialist modernization drive,the level of economic development in Guangxi has been steadily improved,and the income of urban and rural residents has been growing rapidly and the people's living standard has been improved remarkably.At the same time,the gap between urban and rural income has been widening trend,although in recent years the relative difference between the two has declined,but the vast difference is still expanding,and Guangxi as one of the five ethnic minority autonomous regions,ethnic minorities urban-rural income gap,the urban-rural income gap between ethnic minority areas and ordinary counties(cities)is not only detrimental to the sustainable development of economy,but also pose a threat to social harmony and stability.In this context,the study of urban and rural income gap in Guangxi has become a practical issue.Financial inclusion as a new concept has been put forward in 2005,because of its positive effects on finance,economic and social development,it has become a hot topic in the world research,inclusive financial system is not only conducive to the realization of the sustainability of the financial industry development,for the promotion of economic growth,to enhance the income of urban residents and rural residents and narrow the gap between urban and rural income.China's "Promote Pratt & Whitney Financial Development Plan(2016-2020),which was introduced in 2015,also indirectly reflects its broad and profound impact on the economy.Therefore,this paper chooses the view of financial inclusion to study the influence of financial inclusion on the income gap between urban and rural areas in Guangxi,and puts forward some suggestions on how to improve the inclusive financial system in Guangxi and narrow the income gap between urban and rural areas in Guangxi and promote the improvement of Guangxi inclusive financial system Urban and rural income gap,to achieve economic coordination and sustainable development.Based on the theory of financial inclusion and urban-rural income gap,this paper analyzes the mechanism of financial inclusion on urban-rural income gap,and analyzes four aspects from policy system,financial scale,financial resource allocation and financial innovation ability.The financial inclusion level of 79 counties(cities)and the income gap between urban and rural areas were measured,and the regression model was established to demonstrate the effect of financial inclusion on the urban-rural income gap.The results show that:(1)Guangxi's inclusive financial policy system is gradually improved,the financial scale is expanding,the deposit and loan amount grows steadily,and the contribution of finance to economy is increasing year by year.However,there are still some gaps compared with the whole country.Such as the financial scale is still small,the structure of the financial system is relatively simple,the contribution of the financial to the economy(the balance of deposits and loans / GDP)is low,the allocation of financial resources is concentrated in the towns,But the financial innovation ability of Guangxi is relatively strong,there have been many feasible financial innovation products.(2)Guangxi financial inclusive level as a whole is low,in the low-level financial inclusive state,the financial inclusion of regional differentiation is more significant,there is a clear tendency of urbanization,municipal and county-level city financial inclusion level is relatively high,ethnic minorities Regional financial inclusion level is low.(3)The income of urban and rural residents in Guangxi has been continuously improved,and the absolute difference between urban and rural incomes has been expanding but the relative difference has gradually narrowed.There is a big difference between urban and rural income gap between different regions.The income gap between urban and rural areas in ethnic minority areas is generally larger than that in ordinary counties(cities).(4)The level of financial inclusion in Guangxi is correlated with the urban-rural income gap.Sub-regional samples show that this effect is more pronounced in ordinary counties(cities),and there is no correlation between the two ethnic autonomous counties.Other control variables in the industrial structure,fiscal expenditure and lagging urban and rural income gap widened the urban-rural income gap,economic development narrowed the urban-rural income gap.On the basis of the above analysis,this paper puts forward the measures to improve the inclusive financial system and reduce the income gap between urban and rural areas in Guangxi from the aspects of government regulators,financial institutions and financial needs.The thesis is divided into six chapters,the third to fifth chapter is the key chapter of the thesis.