Research On The Coupling And Coordination Of Inclusive Finance And Social Insurance And Its Poverty Reduction Effect

At present,China's goal of eradicating absolute poverty has been basically achieved,and it is officially moving towards a new journey to alleviate relative poverty.The current poverty reduction policy is bound to enter a new stage of transformation and adjustment and adaptation.The mitigation of relative poverty is a longer-term process,and coordination and coordination between policies and measures can ensure the sustainable operation of the poverty reduction system and better exert the synergy effect.The connotation of inclusive finance is highly consistent with the goal of poverty alleviation.It is an important poverty reduction measure recognized at home and abroad,and has played an important role in the process of eliminating absolute poverty.As an important national livelihood project,social insurance is an important guarantee for poverty alleviation.By combing the existing literature,the qualitative and quantitative perspectives are used to study the coupling and coordination of inclusive finance and social insurance and the impact of their coordination on poverty alleviation.First of all,sort out the development status of poverty alleviation,inclusive finance and social insurance in China from various angles.Then,from the theoretical level,the path of the coupling and coordination of inclusive finance and social insurance is analyzed,and the theoretical mechanism of the inclusive finance and social insurance's coordination in poverty alleviation is also outlined.On this basis,a multi-dimensional inclusive financial and social insurance system evaluation index system was constructed,and panel data from 31 provinces and cities except Hong Kong,Macao,and Taiwan from 2008 to 2017 were selected as samples for empirical analysis.The empirical study first uses the optimal improved entropy method to measure the development level of inclusive finance and social insurance in China,and then measures the degree of coupling and coordination between inclusive finance and social insurance.Finally,a static panel model is established,which comprehensively compares mixed regression,fixed effect model,and random effect model methods to empirically test the impact of inclusive finance and social insurance coordination on poverty alleviation.The results of the study show that in the sample period,the development of inclusive finance lags slightly behind social insurance.The development trend of inclusive financial penetration is good,the availability of basic financial products is good,the utility growth is slow,and the degree of commitment and rural financial inclusiveness still have a large room for optimization.Social insurance investment and coverage are more optimistic,but social insurance funds expose some sustainability issues.Secondly,China's overall inclusive finance and social insurance are not highly coordinated,but the growth momentum is obvious.At the regional level,the degree of coordination varies significantly among regions.In addition,the coordination of inclusive finance and social insurance has a significant positive effect on poverty alleviation.The level of urbanization development,infrastructure construction,and trade openness as control variables also have a significant positive effect on poverty alleviation.Finally,based on the empirical results and actual conditions obtained from the selected samples and data,policy recommendations for promoting the development of inclusive finance,optimizing social insurance reform,and promoting the coordination and cooperation between inclusive finance and social insurance are put forward.