Provincial Inclusive Finance In China Based On Quantile Regression Model Research On Influencing Factors Of Development Level

In essence,inclusive finance has broken through the limitations of traditional finance,aiming at serving all social strata and striving to improve the level of financial services of a country as a whole in order to better serve the real economy,promote efficient economic growth and increase the level of social welfare.The purpose of constructing the inclusive financial system is to organically integrate the scattered micro-financial institutions and financial services,trying to serve the economic subject with a complete set of perfect financial system,so as to serve the macro-development strategic service of the national finance.In recent years,with the improvement of the level of economic development,inclusive finance has been paid more and more attention by the countries of the world.In view of the vast territory of our country and the large differences in the level of economic development among regions,the study of the overall level of inclusive finance development in China tends to make the conclusions too general to reflect the actual situation of the development of inclusive finance in the province.In this paper,we choose the provincial perspective to study the development of inclusive finance in China,and use the quantile regression model to study the influencing factors of inclusive finance.This paper attempts to explore the influence of various factors on the development of inclusive finance at different loci(i.e.different levels of inclusive finance)and its changing laws,and then puts forward some policy suggestions for the development of inclusive finance.On the basis of reading a large number of existing literature,this paper explains the theoretical basis of inclusive finance.From the point of view of the demand and supply of inclusive finance,this paper studies the current situation and existing problems of inclusive finance in China.Selecting the 31 provinces in China(city,autonomous region)panel data of 2007-2015 years,with the entropy method,constructing the inclusive financial development index to Measure all provinces and cities inclusive financial development level,and study the differences in the development of Inclusive Financial Research between various provinces.Then use the quantile regression model to study the influence factors of Inclusive Finance development as the empirical research.The conclusion of this article: 1.The development level of inclusive finance in China is increasing year by year,but the growth rate is slow and the overall level is low.2.The provincial differences of inclusive financial development are obvious;3.IFIt-1?PGDP?UR?FDE and TC have significant positive effects on the development of inclusive finance.URI and EPL have negative correlation with the development level of inclusive finance,while FEOE has no significant effect on the development of inclusive finance.4.The influence of different factors on inclusive finance varies from locus to locus.Finally,some suggestions are put forward from four aspects: constructing multi-level financial service system,strengthening the coordinated development of regional economy,relying on the Internet to develop inclusive finance and strengthening the popularization of financial knowledge.