Analysis On The Effiency Of Inclusive Financial Poverty Alleviation

At the beginning of 2016,the State Council issued the plan for promoting inclusive financial development(2016-2020)Later,the people's Bank of China,the national development and Reform Commission,the Ministry of finance,the China Banking and Insurance Regulatory Commission,the Poverty Alleviation Office and other national ministries and commissions jointly issued the implementation opinions on financial assistance to poverty alleviation,which put forward the slogan of"vigorously promote the development of inclusive Finance in poverty-stricken areas",marking that China's financial poverty alleviation work has entered the stage of Inclusive Finance.Relevant departments in Henan Province actively formulated relevant policies and achieved phased results in the construction of inclusive financial system.However,due to the shortcomings of inclusive financial development in Henan Province,the efficiency of inclusive financial poverty alleviation needs to be improved.At present,the current situation of Inclusive Finance in Henan Province is relatively good,and the overall demand and supply scale have developed greatly.Lankao County,as the first pilot area of Inclusive Finance in China,has developed well.The poverty alleviation situation in Henan Province has achieved certain results,10ut there are still two tasks:the poverty alleviation of the remaining poor and the consolidation of poverty alleviation achievements.Based on the development and poverty situation of Inclusive Finance in Henan Province,this paper makes an empirical analysis of its efficiency and influencing factors.Firstly,according to the concept of Inclusive Finance,this paper constructs the input indicators from three aspects:the permeability,the availability and the usability of inclusive financial services,and constructs the input indicators from four aspects:income level,consumption ability,economic output and poverty alleviation effect Output indicators.Then,DEA data envelopment analysis is used to evaluate the efficiency of inclusive financial poverty alleviation in 38 poverty-stricken counties of Henan Province from 2014 to 2018.The results show that:first,the efficiency of inclusive financial poverty alleviation in poverty-stricken areas of Henan Province is at a high level;second,the efficiency of inclusive financial poverty alleviation in Henan province rises in the whole fluctuation from 2014 to 2018;third,inclusive financial assistance in Henan Province There is still room for growth in poverty efficiency.Then using Tobit model,this paper empirically studies the factors that affect the efficiency of inclusive financial poverty alleviation in Henan Province from the perspectives of financial market,income gap and government.The empirical research finds that the financial self-sufficiency rate,resident savings rate and financial correlation rate of local governments are positively related to the efficiency of Inclusive Financial poverty alleviation,among which the improvement of resident savings rate is more obvious;financial intermediary efficiency(FIE),urban and rural areas The increase of income gap(URIG)will reduce the efficiency of poverty alleviation.Based on the results of empirical analysis and the current situation of Henan Province,this paper puts forward the following three suggestions for improving the poverty alleviation efficiency of Inclusive Finance in the poor areas of Henan Province:establishing a multi-level,all-round inclusive financial governance poverty system,improving the infrastructure and services of inclusive financial governance poverty in Henan Province,and strengthening the support of Inclusive Financial Governance in the weak areas and key areas.