Research On The Effect Of The Development Of Digital Inclusive Finance On The Alleviation Of Expenditure Poverty In China

Poverty is a persistent disease of human society.How to alleviate poverty by improving the allocation efficiency of financial resources has always been a hot issue in the theoretical circle.Since the reform and opening up,China has made great achievements in poverty governance.With the continuous improvement of income level,people began to pursue a better life.In this process,the problem of expenditure poverty caused by excessive consumption expenditure began to highlight,and posed a major challenge to the long-term and stable development of China’s economy.Therefore,the problem of expenditure poverty has been highly valued by governments at all levels and academia.Practice has proved that Inclusive Finance has a positive impact on poverty eradication.With the rapid development of information technology,inclusive finance began to widely apply digital technology and formed a digital Inclusive Finance Model of "digital technology + Inclusive Finance".In this context,it is of great theoretical and practical significance to explore the impact mechanism of digital Inclusive Finance on expenditure poverty and provide reference basis for policy-making of poverty governance.On the basis of carefully combing the relevant literature at home and abroad,this paper first defines the relevant concepts scientifically,and analyzes the action mechanism of digital Inclusive Finance to alleviate expenditure poverty in combination with the development status of digital Inclusive Finance and expenditure poverty;Secondly,using the relevant data of 31 provinces in China from 2011 to 2020,this paper makes an empirical analysis on the relevant theories by using the systematic GMM estimation model.Through the above research,this paper draws the following conclusions:(1)expenditure poverty has obvious lag characteristics,and the early poverty is an important reason for the current poverty;(2)Digital inclusive finance can directly alleviate expenditure poverty.In the three dimensions of digital Inclusive Finance,the coverage and depth of use play a significant role in alleviating poverty,while the degree of digitization does not;(3)Geographically,in the eastern,central and western regions of China,digital inclusive finance can significantly alleviate expenditure poverty.However,under different levels of economic development,the mitigation effect of digital Inclusive Finance on expenditure poverty is different,which is the strongest in the central region and slightly weaker in the eastern and western regions;(4)Inclusive economic growth plays an indirect role in the process of digital Inclusive Finance alleviating expenditure poverty.The development of digital inclusive finance can alleviate expenditure poverty by narrowing the income gap;(5)The level of education and medical care will play an important role in alleviating expenditure poverty.Therefore,when eliminating expenditure poverty,we should comprehensively consider all influencing factors and systematically allocate resources,so as to improve the efficiency of poverty alleviation.Based on the above conclusions,this paper holds that in order to give better play to the poverty alleviation role of digital Inclusive Finance in the future,we should first improve the accuracy of poverty type identification,scientifically match the two poverty alleviation means of Finance and finance,and give full play to the complementary role of different poverty alleviation methods,so as to improve the efficiency of poverty alleviation;Secondly,we should speed up the construction of digital infrastructure and improve the availability of digital inclusive financial products as soon as possible;Finally,we should improve the digital inclusive financial market as soon as possible and reduce financial exclusion by building a mature digital inclusive financial system.