Analysis Of Financial Exclusion Measurement And Influencing Factors

Financial exclusion refers to the lack of access to formal financial services by some groups,especially vulnerable groups.There are difficulties in accessing financial products,and reasonable financial needs cannot be fully met.China's financial exclusion problem is severe,especially in the context of urban-rural dual institutional structure and regional unbalanced development.Financial exclusion of urban and rural areas and regional differences are significant.Financial exclusion forms the Matthew effect,leading to the marginalization of vulnerable groups,and the gap between rich and poor is expanding;weak It is difficult for the quality industry to obtain credit support,and the urban-rural duality contradiction continues to deepen.The development of inclusive finance can effectively improve the financial exclusion.Financial exclusion research can provide theoretical support and policy basis for the development of inclusive finance and the construction of an inclusive financial system.Therefore,studying financial exclusion has important theoretical and practical significance.Shandong Province is China's major economic province and a large agricultural province.This paper takes Shandong as an example,focusing on the analysis of financial exclusion areas and urban-rural differences,and empirically studying its influencing factors.The research contents are as follows:(1)According to relevant theories,analyze the formation mechanism of financial exclusion.(2)By constructing a comprehensive index of financial exclusion,using the coefficient of variation method to measure the overall level of financial exclusion in Shandong Province,and focusing on the analysis of financial exclusion areas and urban-rural differences.(3)Construct the Tobit model,empirically study the influencing factors of Shandong financial exclusion,and use the ISM model to sort out the internal structure of the influencing factors.(4)Organize the research conclusions and propose policy recommendations based on the conclusions.The main conclusions are as follows:(1)The overall degree of financial exclusion in Shandong Province is relatively heavy.The results of cluster analysis in 17 cities show that the degree of financial exclusion in the eastern region is relatively light,and the western region is generally heavier.(2)The distribution characteristics of financial exclusion regions are obvious: the level of financial exclusion in the eastern,central and western regions is spatially gradient,the eastern region is the lightest,the central region is heavier,and the western region is the heaviest.(3)The degree of rural financial exclusion is serious,and the gap between urban and rural areas is huge,and the relative differences are gradually narrowing.(4)The degree of financial exclusion in Shandong is mainly affected by the speed of economic development,the proportion of primary industry,Internet penetration rate and urbanization rate.The proportion of the primary industry is positively correlated with the degree of financial exclusion.The speed of economic development,Internet penetration rate and urbanization rate are negatively correlated with the degree of financial exclusion.(5)The influencing factors can be systematically divided into four levels: the Internet development level is the first level;the credit environment and the interest rate marketization degree are the second level;the urbanization rate,the primary industry ratio,and the financial development level are the third The economic growth rate is the fourth layer.