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An Empirical Study On The Impact Of Pratt & Whitney Financial Development On Income Gap Between Urban And Rural Residents In Yunnan Province

Posted on:2017-03-26Degree:MasterType:Thesis
Country:ChinaCandidate:F YangFull Text:PDF
GTID:2209330485450683Subject:Finance
Abstract/Summary:PDF Full Text Request
Inclusive finance was put forward at the 2005 United Nations International Year of Microcredi.It’s ideas and practices developed very rapidly in the all world.In November 15,2013,it clear: the development of inclusive finance, which reflect the direction of our financial reform in The Eighteen Third Plenary Session.Under the initiative of the central government and the leadership of the provincial government of Yunnan Province,the inclusive finance has rapided development of in Yunnan Province and made a series of remarkable achievements. At the same time, the development of inclusive finance in order to achieve common prosperity of the people of the province’s vision does not come ture.In contrast,the problemwhich rural income gap is too large has always existed.Yunnan Province is a set which include national,mountains,frontier,poverty,and Agricultural population accounts a large proportion of the total population, This is bound to affect the long-term stability of economic and social in Yunnan Province.Therefore how to take advantage of the development of inclusive financial in order to solve the income gap between urban and rural areas of Yunnan Province ha the outstanding problem.Moreover, how to measure the level of development of inclusive financial and how to analyze the impact of inclusive finance to income gap between urban and rural.we must remain to be further studied and discussed in theory and practice.In this background,the paper is divided into five parts.The part 1,this paper reviews the relevant literature about Inclusive Finance and learns about the latest research results of inclusive financehis.The part 2, the paper introduce the definition, characteristics,necessity and development process of inclusive finance.In addition to,the paper draws on the success models of inclusive finance in domestic and foreign models.The part 3,the paper focused on the development status in Yunnan Province.On the basic,We estimate that 16 cities’ s inclusive financial development index of Yunnan Province.The part 4,the paper build hybrid model, individual fixed effects model and random effects models for Exploring the relationship betweeninclusive finance and income gap between urban and rural residents.The part 5,in the process of developing inclusive financial Yunnan, the paper pointed out that there are a lots of problems such as system, institutions, and other aspects of the product,and put forward the corresponding policy recommendations.Through the empirical analysis, we have the following conclusions:The first,inclusive finance and income gap between urban and rural have the long-term cointegration relationship;The second,judging F-test and H-test,Zhaotong and Lincang should establish individual fixed effects model.The other 14 cities that include Kunming, Qujing and so on should build individual random effects model.The third,at the 10% significance level,although income gap between urban and rural have the long-term cointegration in Puer and Nujiang,but it is not significant. Nujiang indicates that inclusive financial development increase the income gap between urban and rural.The other 14 cities that include Kunming, Qujing and so on indicate inclusive financial development decrease the income gap between urban and rural.Through the empirical analysis and situation analysis for inclusive financial development of Yunnan Province,we consider that there are many problemabout the inclusive financial development of Yunnan Province.The first, the institution should be improved,such as the credit system, the regulatory system and the operating system.The second,multi-level financial institutions of inclusive financial that include traditional financial institutions and new financial institutions have not be established.The third, inclusive financial products more single,diverse financial products need to be further developed for the customer characteristics.Solve the problem, we propose policy recommendations.The first, we should establish a comprehensive,effective and unified system of inclusive finance.The second,we should build a diversified financial system and new financial institutions must play a important role to inclusive financial development.The third, we should innovative inclusive financial tool that allows inclusive finance become fountainhead.
Keywords/Search Tags:Inclusive Finance, Urban-rural incomel, Empirical analysis, Policy recommendations
PDF Full Text Request
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