Empirical Study On The Poverty Reduction Effect Of Green Finance Development In China

Poverty is a worldwide problem that plagues all countries and a major problem that restricts the stable development of economy and society.For a long time,China has been committed to the cause of poverty reduction and achieved world-renowned achievements,but the current poverty reduction work is still severe,and the characteristics of poverty are gradually changing from absolute poverty to relative poverty,from rural poverty to coexistence of urban and rural poverty,and from income Poverty has transformed into multidimensional poverty such as economy,society and ecology.At the same time,China also attaches great importance to the sustainable development of green development.The concept of green poverty alleviation and poverty reduction has gradually been valued and developed.With the support of the state to promote the construction of the green financial system,China's green finance development level has been greatly improved.Therefore,in the new era,it is of great theoretical and practical significance to study the relationship between green financial development and poverty alleviation by combining green finance with poverty alleviation.This article first reviews the related literature and analyzes the relationship between financial development and poverty alleviation.Secondly,it introduces the current situation of green finance development in China,and combines the green finance development related theories and poverty and anti-poverty related theories to build an analytical framework for the role of green finance in poverty alleviation,andanalyzes the direct and indirect mechanisms of green finance poverty reduction in detail.And put forward 3 hypotheses for empirical test.That is,Hypothesis 1: Green finance development is conducive to poverty alleviation,Hypothesis 2: Green finance development achieves poverty alleviation by promoting economic growth,and Hypothesis 3: Green finance development achieves poverty alleviation by improving income distribution.Thirdly,on the basis of constructing and measuring China's provincial(excluding Hong Kong,Macao,Taiwan and Tibet)green finance development indexes,by constructing a green finance poverty reduction effect model and an intermediary effect model,the empirical analysis of China's green finance development on poverty reduction Effect.Finally,based on the current status of China 's green finance development,the role of green finance in poverty alleviation,and the related empirical results and analysis of the effects of green finance development on poverty alleviation,it proposes countermeasures and suggestions for green finance to promote poverty alleviation.Through empirical research,the following conclusions are drawn: First,the overall level of green finance development in China is relatively low,and there are large differences in regional development.Second,the empirical results of the green finance poverty reduction effect model show that the development of green finance has a significant role in promoting poverty alleviation.For every 1% increase in the level of green finance development,poverty levels will fall by 0.3546%.Third,the empirical results of the intermediary effect model show that green financial development can achieve poverty alleviation by promoting economic growth,and the mediating role of income distribution in green financial poverty reduction is not obvious.Fourth,the total effects,direct effects,indirect effects,and indirect effects of green finance on poverty reduction were measured.Among them,the total effect is0.4693,the direct effect is 0.3591,the indirect effect is 0.1102,and the proportion of the indirect effect in the total effect is 23.48%.Based on the above research,it is believed that vigorously developing green finance can effectively reduce poverty levels.Therefore,in order to ensure the effectiveness and sustainability of green financial poverty reduction.The followingpolicy suggestions are put forward: establish a sense of green poverty reduction,cultivate the concept of green finance poverty reduction;speed up the construction of policy systems and systems to support the rapid and coordinated development of green finance;innovate green financial products and services,and promote green finance poverty reduction practices;New ideas for poverty reduction,building a new model of poverty alleviation by green finance;improving infrastructure construction to increase the availability of green finance in poor areas;strengthening supervision and the construction of risk prevention and control systems to prevent systemic financial risks.