Research On The Development Of Inclusive Finance And The Change Of Income Gap Between Urban And Rural Areas In Hunan Province

Inclusive finance can make all social strata who have been excluded from the traditional financial system and have the opportunity to obtain the financial services they need.The development of Inclusive Finance helps to improve the shortcomings of the traditional financial system to a certain extent and improve the fairness of financial services,so that everyone can enjoy the proper financial services with dignity.As an important part of the strategy for the rise of central China,Hunan Province faces difficulties in the development of the real economy,unreasonable economic structure,and large urban-rural income gaps in the development process.The development of inclusive finance play an important role on many aspects,such as improves the urban-rural income gap and promotes the real economy development.Therefore,it is of great practical significance to study the relationship between the development of inclusive finance in urban and rural areas and the changes in urban-rural income gap.This dissertation first sorts out and summarizes the existing research results from the aspects of inclusion of inclusive finance,measurement of inclusive financial level,financial development,and urban-rural income gap.On this basis,this dissertation summarizes the theory of Inclusive Finance and urban and rural residents' income gap,and analyzes the direct and indirect effects of Pratt and whiten Finance on the income gap between urban and rural areas.Then,this dissertation makes a statistical description and analysis of the status quo of the development of inclusive finance in Hunan province and finds that rural commercial banks,large-scale commercial banks,and postal savings banks are still the absolute main forces for the deployment of business outlets in financial institutions in Hunan.The insurance industry is steadily moving forward and there is still much room for development,and the inclusive financial infrastructure continues to evolve.Then this dissertation constructs the inclusive financial index system of Hunan province by three dimensions of facilities convenience dimension,capital penetration dimension and utility dimension.Based on this,this dissertation calculated the inclusive financial index of 87 counties(cities)in 2009-2014 years in Hunan Province,and made a comprehensive analysis of it and compared with other counties and cities.In order to specifically explore the relationship between the development of inclusive finance and the changes in urban-rural income gap,the dissertation then makes a statistical analysis of the current situation and evolution of the overall urban-rural income gap in Hunan Province,finding that the income gap between urban and rural areas in Hunan Province is still large and the decline rate in recent years is not significant.then uses the fixed effect model to empirically study the relationship between the inclusive financial development index and the urban-rural income gap in Hunan Province from 2009 to 2014.Study shows that at this stage Hunan's inclusive financial capital penetration dimension and use effectiveness dimension development can reduce the urban-rural income gap and the financial penetration dimension develops the greatest reduction,while the facility permeability dimension explains the weakest,the level increase can not effectively reduce the income gap between urban and rural areas in Hunan province.Finally,according to the empirical research results,combined with the actual economic development situation in Hunan Province,This dissertation puts forward the countermeasures to reduce the income gap between urban and rural areas in Hunan province from three aspects:the positive development of the inclusive financial system,the improvement of the general financial operation environment and the full play of the functions of the government departments.