Analysis On The Influencing Factors Of Inclusive Finance Development In Rural Areas Of Our Country

Inclusive Finance aims to provide effective and sustainable financial services to vulnerable groups lacking financial services at affordable costs.From the success stories of inclusive finance development to date,we can see that its development is conducive to eliminating poverty,slowing down information asymmetry,and improving the living standards and social status of vulnerable groups.In order to solve the problem that the financial needs of low-income rural people are not met,so that rural finance can serve rural vulnerable groups in a more inclusive and sustainable manner,this article uses a micro-analysis perspective to affect inclusive finance in rural areas.A specific factor of development is studied with a panel threshold model.This article takes the dual economic structure theory,agricultural rural credit subsidy theory,rural financial market theory,incomplete competition theory,long-tail theory and financial exclusion theory as the premise,and puts forward the research hypothesis based on a certain influence mechanism;Then based on the regression results of the basic panel of each variable,a panel threshold effect model is established to analyze the non-linear promotion of rural financial institutions’ assets on the development of inclusive finance in rural areas from a micro perspective.This article takes the rural financial development as the background,draws out the necessity of developing inclusive finance in rural areas,and summarizes the research contents and methods of this paper by analyzing the status of domestic and foreign research on the level and influencing factors of inclusive finance at home and abroad;Focus on the demand side and supply side,elaborate on the current status of inclusive finance development in rural areas of China,and find that in the development of inclusive finance in rural areas of our country,it is common for rural residents to meet their financial needs Problems such as "Mission drift " appeared in the process of development;After that,the relevant theoretical analysis of the problems on the demand side and the supply side is carried out,and the research hypothesis of this paper is proposed based on a certain influence mechanism,which provides a rich theoretical basis for the study of this article;Before empirical analysis,based on theoretical analysis and research assumptions,this paper draws empirical independent variables,and uses the IFI inclusive financial index measurement method proposed by samar(2009),based on financial service efficiency,financial service utilization ratio and financial service coverage Three dimensions of rural data are used to quantitatively measure the development level of inclusive finance in rural areas with explanatory variables,and to conduct a descriptive analysis.After conducting a robustness test on the model,a basic panel regression analysis was performed on each variable,and it was concluded that the urban-rural income gap has a significant negative impact on the development of inclusive finance in rural areas.The government’s support,Internet penetration,and rural residents’ income levels It has a significant positive effect on the development of inclusive finance in rural areas.The scale of assets of rural financial institutions and the degree of transportation convenience have no significant effect on the development of inclusive finance in rural areas.Then,based on Hypothesis 4,a threshold model with Internet penetration as the threshold variable is established.The analysis results of the panel threshold model show that there is a significant piecewise linear threshold effect between the asset scale of rural financial institutions and the development of inclusive finance in rural areas.Through empirical analysis and research,this article proposes the following suggestions to promote the sustainable development of inclusive finance in rural areas: 1.Improve rural infrastructure and promote the construction of "Internet +" inclusive finance;2.Improve the ability of financial institutions to utilize resources and innovate rural financial products;3.Promote the process of rural modernization and narrow the urban-rural income gap;4.Increase policy support,increase the scale of assets of rural financial institutions,and ensure the sustainable development of inclusive finance.