Studying On The Measurement And Influence Factors Of Regional Financial Inclusion Development Level In China

As China’s economy continues to develop, finance breadth and depth enhancing the overall, but the gap between regions is growing. As we all know, economic development will affect the financial development, in turn, financial development will have an impact on the economy. How to improve the level of development of inclusive finance, so that all the residents of the whole process, full access to financial services, the construction of China’s financial system is an important goal, but also the concept of inclusive growth through key.Research methods involved include the construction of evaluation index system, cluster analysis, Tobit regression model. Implementation process is as follows: First, a brief introduction of the theoretical basis of financial inclusion, and on this basis, from the financial inclusion of permeability, availability, Establishment of Regional Financial Inclusion levels using the utility and affordability of the four dimensions of evaluation system to determine the dimensions estimated value based on Euclidean distance method, the variation coefficient method adopted to determine the index weight right dimensions, and then build a regional financial inclusion index of 2005 and 2013 to evaluate the status of the regional financial inclusion, and to take further cluster analysis method regional financial inclusion gap analysis. Secondly, financial inclusion index is constructed as explanatory variables, from economic factors, social environment and human geography of the three levels of the establishment of regional financial inclusion factors model, using regional dynamic panel data using Tobit regression method to estimate, identify regional the key factors affecting financial inclusion, thereby laying the foundation for the promotion of China’s overall level of development of financial inclusion targeted countermeasures.Through empirical analysis the following conclusions: First, China’s economic and financial remarkable growth regions, the great differences between regions. Second, the overall low level of financial inclusion, and there is a huge difference between the various economic regions. Third, there is a huge difference between the eight economic regions in space, but the difference in time is unlikely. Fourth, the level of financial inclusion and incomes, residents affected by level of education, employment, urbanization rate is directly proportional to the share of agriculture, dependency ratio, the degree of government regulation.