The Research On The Effect Of Poverty Reduction In Digital Inclusive Finance

For a long time,poverty has been a continuing problem for national economy development,which influences the stability of society.By 2020,all poor areas have been eliminated in Chinese standards.However,there are still some issues of poverty,which means it is necessary to take a shift from a passive mode to an active mode.At present,digital technology empowers financial poverty reduction.Based on this background,this paper takes digital inclusive finance as an entry point and devotes itself to the research on the correlation between the development of digital financial inclusion and poverty.This paper on one side has enriched the intension and the expansion of the finance poverty relief theory;the conclusion of this paper on the other side provides a new idea for finance to relief poverty and proposes relevant suggestions for the improvement of financial regulation policies.This paper analyzes from the theoretical and empirical perspectives.It includes the following contents:(1)Explaining the background of topic selection and research purpose and introducing the main structure of the paper.(2)Defining the concept of the research object of this paper from the perspective of theoretical analysis,elaborating on the theory of financial development and poverty reduction,and sorting out relevant research results at home and abroad.(3)Analyzing the existing problems in poverty reduction from the current situation,the development status of digital inclusive finance and its influence path.(4)Using county-level caliber data from 2015-2021 to do empirically test in different dimensions and regions,whose chosen testing method is fixed-effects model;using interaction term to test the poverty reduction effects in different environmental systems.On the basis of the above-mentioned study,this paper concludes as follows:(1)The development of digital inclusive finance can significantly reduce the incidence of poverty and increase income.(2)Digital financial inclusion in poverty reduction shows different effects in different regions.The central counties and western counties have achieved more remarkable results in poverty decreasing than the eastern counties.(3)The three dimensions of digital financial inclusion have different decreasing poverty effects.Coverage and depth index can reduce poverty significantly,the degree of digitization has a inhibitory effect on poverty reduction.(4)A high degree of marketization,a reasonable proportion of market factors,a strict market supervision system and a close relationship between the government and the market can all enhance the poverty alleviation effect.According to the findings,this paper proposes three recommendations:(1)Deepening the precise support of digital inclusive finance for poor regions;(2)Developing diversified digital inclusive financial products and services;(3)Improving the market system of digital inclusive finance.