Analysis Of Direct And Indirect Effects Of Financial Structure Optimization On Poverty Alleviation

For a long time,poverty has been a hot issue in many countries around the world,and it is an important indicator to measure the development degree of a country.Comrade President xi jinping made a solemn promise:"we need to increase the intensity of precise help on the difficult people,in 2020 under the current standards of more than 5700 rural poverty population out of poverty,poor counties all removable cap." Currently hae poor area has been basically solved,the national poverty alleviation strategy to the key problem is how to alleviate rural development imbalance,inhibit the increasing income gap between rich and poor,to correct the lack of rights of poor people and poor curing.Financial poverty alleviation is a process of constantly enrich and deepen,is simple in poor areas will be extensive financial service to systematic financial poverty reduction system,financial poverty alleviation mechanism is better in the service of the overall design of the poverty alleviation and development strategy.As schultz(2000)put it:"the government cannot legislate to change the development of finance,but it can change the structure of finance." Right to choose the appropriate financial structure system to adapt its height to the country's economic growth as a national important policy decisions,financial structure system comparison and selection is an important topic.Theoretically,the relationship between finance and slow poverty has been a hot research topic,the financial structure is understood as a period of time a variety of financial instruments,financial institutions and financial markets and relative proportion of content,form,size and different financial structure can reflect different financial function and efficiency,but also reflects the characteristics of the financial system of the country's economy.In view of different financing way for financial institutions and represents different industries or enterprises to provide financial services have different comparative advantages,so the optimization and adjustment of financial structure is very necessary.Financial structure optimization is to realize the aid of financial structure on the real economy,realize economic body structure of factor endowments and comparative advantage,the optimal industrial structure,enterprise scale and risk characteristics and the financial structure of the optimal matching between the characteristics of various financial arrangements,thereby reducing the occurrence of poverty.Based on the above thinking with reality and theory,this paper takes "Analysis of direct and indirect effects of financial structure optimization on Poverty Alleviation" as title,in a poor slow optimal financial structure theory and theory on the basis of the financial structure is put forward to promote the direct effect and indirect effect of poor slow theoretical hypothesis,using fixed effect model and GMM estimation method,combining with the actual situation in our country the theoretical hypothesis are the empirical analysis,and then puts forward relevant policySuggestions for the financial poverty reduction to provide theoretical and practical support.The research results show that the optimization of financial structure can directly affect poverty,promote poverty reduction,and show the dual threshold characteristics of inhibition after inhibition.In addition,there are indirect effects of financial structure optimization and poverty alleviation.The specific performance is that the optimization of financial structure can promote the upgrading of industrial structure and promote poverty alleviation through industrial structure upgrading.The optimization of financial structure can promote the development of small and medium-sized enterprises,and the development of small and medium-sized enterprises can effectively reduce poverty.Policy implications of this paper is to optimize the financial structure of financial markets,development of small and medium-sized Banks and create space to grow up and promote the development of the financial market diversification,the construction of diversified social financing system,these for sustainability anti-poverty achievement is of great significance.