Research On The Effect Of Finance On Rural Revitalization

The report of the 19 th National Congress of the Communist Party of China clearly proposes to implement the strategy of rural revitalization,establish and improve the institutional mechanism and policy system of urban-rural integration development,and accelerate the modernization of agricultural and rural areas in accordance with the general requirements of industrial prosperity,ecological livability,rural civilization,effective governance and rich life.As the core of modern economy and the blood of real economy,finance has become an important task and mission of the financial industry at present,which focuses on the overall strategic requirements of rural revitalization,allocates more financial resources to the key areas and weak links of rural economic and social development,and provides power support for Rural Revitalization.First,on the basis of combing the theory of financial support for rural revitalization,this paper systematically analyzes the specific path of financial support for Rural Revitalization from five dimensions.Second,the paper analyzes the overall support of financial development to Rural Revitalization in Shandong Province,and uses factor analysis to measure the level of Rural Revitalization in Shandong Province.Finally,based on the data of 80 county-level administrative regions in Shandong Province,this paper empirically tests the effect of county-level financial supply on Rural Revitalization in Shandong Province.The results show that: there are obvious regional differences in the level of Rural Revitalization in Shandong Province,and the level of Rural Revitalization in the eastern region is significantly higher than that in the central and western regions.the effect of per capita primary industry loan on Rural Revitalization in Shandong Province is not obvious,and there are obvious regional differences,while the effect of per capita primary industry loan on living prosperity is significantly positive.The overall effect of per capita primary industry loan on Rural Revitalization is negative but not significant.The effect of per capita primary industry loan on Rural Revitalization in the eastern region is positive but not significant.The effect of per capita primary industry loan on Rural Revitalization in the central region is negative but not significant,while the effect on Rural Revitalization in the western region is significantly positive.The per capita loan in Shandong Province has a certain role in promoting the revitalization of rural areas,and has a more obvious impact on the well-off life and actual employment.Based on the research conclusion,the paper puts forward the following countermeasures and suggestions: increase the financial support to rural areas,improve the level of Rural Revitalization of financial services;actively develop rural finance,provide a solid guarantee for the development of Rural Revitalization;vigorously develop Inclusive Finance,improve the availability of financial services for farmers.