Study On Poverty Alleviation Effect Of Rural Financial Development In China

Since the reform and opening-up,China's economic development changes rapidly,improve people's living standard,poverty alleviation has made significant progress.However,the current stage of China's rural poverty is still serious.As an important impetus to rural economic development,rural finance has injected vitality into the development of agricultural industry.Clearly,rural financial development is related to rural poverty mitigation.So,what mechanism does rural financial development affect rural poverty alleviation?To what degree does rural financial development influence rural poverty alleviation?Studying these questions and finding answers can provide a new way for China's rural poverty alleviation work.This paper,from the relevant theories of financial development and poverty alleviation,combined with China's actual situation,uses vector autoregressive model(VAR)to make the empirical research on the impact of China's rural financial development on China's rural poverty alleviation.The results show that:In the long term,the development of rural finance in China has a significant effect on the alleviation of rural poverty;in the short term,the development of rural finance in China is not ideal for the alleviation of rural poverty.Based on this,this paper focuses on the reasons why China's rural financial development has little contribution to the alleviation of rural poverty in the short term,and puts forward relevant policy recommendations to alleviate poverty by using rural financial development.