Research On The Influence Of Inclusive Financial Development On The Income Gap Between Urban And Rural Areas

Since the reform and opening up,China's social aspects have undergone changes in turn the world upside down to achieve the economic take-off,the financial industry,Shirupozhu under the economic environment of prosperity and rapid development.Along with the development is the inherent defects of China's financial system gradually exposed,the rich are getting richer and the poor poorer,the widening gap between rich and poor,developed areas and poor areas compared with more developed and more backward,the regional development level gap,the financial system needs reform as one falls,another rises.At the same time,a long time,our country allows the first drive after the rich eventually realize common prosperity and development mode,has caused large income gap between regions,between man and society in our country and the financial area,low efficiency of resource allocation,financial development leads to the imbalance between the formation of this vicious spiral,the adverse consequences of income gap widening.Based on the concept of financial inclusion in the United Nations,in order to overcome a series of problems caused by the unbalanced development,China has also joined the construction of inclusive financial system of the international tide,hoping to expand the coverage of financial services,ensure financial services can benefit the social groups involved in most economic activities,and then gradually reducing poverty,promoting balanced economic development between regions between urban and rural areas,improving the status of income gap between urban and rural areas gradually expand.Under this background,in order to promote China's financial inclusion rapidly improve,promote financial development in rural areas,improve the rural development speed as much as possible after the development of towns,finally realize the coordinated development of society,it is necessary to conduct in-depth study on the impact of China's inclusive financial development level on Urban-Rural income gap.This paper describes the process of Inclusive Finance as the forerunner,analyzes the status quo of China's inclusive financial development so far,and the income gap between urban and rural areas evolution process since the reform and opening up,accordingly by focusing on the theoretical and empirical method to discuss the influence of our inclusive financial development on the income gap between urban and rural areas.First,starting from the theoretical level,improve the income gap between urban and rural development of Inclusive Finance can play a substantial role in academic field and reference existing inclusive financial development index system,established by the geographical penetration,service availability and utility of 3 dimensions of the inclusive financial development level index system.Using the established index system to calculate the 31 provinces 2007-2016 years inclusive financial development level index.The result shows that the general trend of the general financial development level in China is increasing year by year.Secondly,this paper introduces 31 provinces in China during the 2007-2016 years of data to construct a panel vector autoregressive model,to explore the impact of China's inclusive financial development on the urban-rural income gap,qualitative measure to test the direction and extent of the effect,the empirical results show that: the development of high speed of our country has positive financial inclusion effect of narrowing the urban-rural income gap.