The Research On Regional Heterogeneity Of The Poverty Reduction Effect Of Financial Development

Poverty is widespread in the world,threatening the survival and development of mankind.Alleviating and even eradicating poverty is the common aspiration of mankind.The Chinese government has been committed to alleviate poverty,but the situation of anti-poverty work in China is still severe,especially in the rural areas.Statistics from the bureau of statistics show that in 2016,the number of poor people in rural areas reached 43.35 million.The CPC central committee and the state council solemnly pledged to let all rural poor people out of poverty by 2020.In view of severe status quo of poverty in China and the urgency of the poverty reduction task,the third plenary session of the 18th proposed inclusive finance,using the financial development to improve the poverty situation of our country.Therefore,the poverty reduction effect of financial development is gradually attracting the attention of academic and practical circles in China.A large number of studies both at home and abroad have shown that through economic growth,income increase,income redistribution,access to financial services such as direct and indirect way,financial development has a positive role in poverty reduction.But there is a significant difference on the scale and efficiency of the financial development in each region,besides the region economy,the transportation,trade,education and so on.And because of both cooperation and competition between different regions,spatial correlation and spatial heterogeneity of the poverty reduction effect of financial development should exist in different regions.Based on the thinking and understanding,this article selects 31 provinces(autonomous regions and municipalities directly under the central government)as the research object,aim at the poverty reduction effect of financial development,and make empirical analysis to study regional heterogeneity of the poverty reduction effect of financial development by spatial regression model to analysis framework,combining the theory of financial development,poverty theory and financial development of the mechanism of poverty reduction.Through the study,we found that the poverty reduction effect of financial development in the scale,depth and efficiency of three dimensions is not the same,and the difference of education,foreign open degree,economy,transportation and other factors also cause different effect.Aimed at the results,we propose that we should firstly take different regional financial development level and the factors such as economy,education,foreign open into account when we aim to reduce poverty by finance.Secondly,we should improve the innovation of the inclusive financial system in various regions,promote the innovation of the financial products and services for the poverty,coordinate and improve the financing channels of small and medium-sized enterprises in various regions and vigorously push out the broad participatory financial poverty alleviation mode to improve the effect of financial poverty reduction and ultimately achieve the goal of poverty eradication.