Research On The Impact Of China's Inclusive Financial Development On Poverty Alleviation

Since the reform and opening up,China has been committed to poverty reduction.Finance,as the core of modern economy,plays an important role in poverty reduction.However,the traditional financial model is obviously exclusive,which hinders the poverty alleviation process.In order to address the existing financial exclusion,the new concept of "inclusive finance" was proposed.Financial inclusion aims to provide comprehensive and effective financial services to all economic groups,especially low-income groups in rural and poor areas.We should give full play to the role of financial inclusion,improve the availability of financial services and expand the coverage of financial services,so that funds can be allocated effectively to poor areas and groups.Based on this background,we measure the level of inclusive finance development in China and explore the impact of thorpe inclusive finance on poverty alleviation,so as to inspire the development of inclusive finance to promote the process of poverty reduction in China.Based on the research background and significance of the relationship between inclusive finance development and poverty alleviation,this paper defines and puts forward the concept and related theories of inclusive finance and poverty alleviation through the review of domestic and foreign literatures.On the basis of the first PouShi the pratt &whitney status quo of financial development in our country,to our country the present situation of the poor to slow also analyzed briefly,and then about pratt&whitney financial poverty alleviation mechanism is given,at last,through the empirical econometric model validation and parsing the pratt &whitney the correlation between financial development and poverty,slow down,and on this basis discusses the pratt &whitney financial development countermeasures and Suggestions of poverty to slow.The specific contents of this paper can be summarized as follows:(1)introduction.The research background and significance of this paper are briefly expounded,and the domestic and foreign literatures related to inclusive finance and poverty alleviation are summarized and analyzed,providing sufficient theoretical basis for the research and analysis of the following paper.(2)definition of concept and theoretical basis.Definition of concept and theoretical basis.The first is the definition of related concepts,which respectively define the two concepts of inclusive finance and poverty alleviation.Secondly,combined with theresearch questions in this paper,the financial development theory and poverty theory are summarized,providing theoretical support for the analysis of the mechanism of the action of inclusive financial development on poverty alleviation in China.(3)the current situation of inclusive financial development and poverty alleviation in China.This paper introduces the four stages of the development of inclusive finance in China,analyzes the current situation and existing deficiencies of the development of inclusive finance in China,and analyzes the poverty alleviation status quo and existing problems in China based on the population composition of China.(4)the poverty alleviation mechanism of China's inclusive financial development.On the basis of sufficient theoretical analysis above,it is found that the inclusive financial development in China mainly meets the financing needs of the poor groups through financial services directly plays a role in poverty alleviation,and indirectly plays a role in poverty alleviation through economic growth and income distribution transmission.(5)empirical quantitative analysis on poverty alleviation of China's inclusive financial development.Based on the above theoretical analysis,concepts and the current situation of the development of inclusive finance in China,the evaluation index system of inclusive finance development was constructed,and the weight of each index was determined by using the coefficient of variation method to measure the development level of inclusive finance in all provinces from 2011 to 2017.For quantitative measure poverty in China,with 31 provinces(cities)in 2011-2017 panel data as the research object,constructing dynamic panel model,overall analysis and regions impact on poverty slow pratt &whitney financial development in our country,on the panel data unit root test,cointegration test,GMM estimation and Sargan test,analysis of measurement results,the pratt &whitney financial index had a significant negative effect on poverty,pratt &whitney financial development in our country can promote the slow down of poverty.In the eastern and western regions,the effect is not obvious in the eastern regions,but significant in the central and western regions.The indirect effect mechanism of China's inclusive finance to alleviate poverty is verified through the analysis of intermediary effect.(6)countermeasures and Suggestions.On the basis of the above theories and empirical analysis,corresponding Suggestions are given on how to better promote the development of inclusive finance and alleviate poverty.First,build diversified financial service institutions to improve the level of inclusive financial development in China;Second,improve the inclusive finance index system and construct the top design of inclusive finance;Third,we need to balance the development of inclusive finance among different regions.