Research On The Effect Of Poverty Alleviation Of Financial Development In The Gansu Province

In the report of the Nineteenth National Congress of the Communist Party of China,it was clearly pointed out that winning the fight against poverty is a hard task that must be accomplished.Finance is the core link of modern economy.To build a well-off society in an all-round way can not be separated from the support of financial system.As the core of the national anti-poverty strategy,financial poverty alleviation can not only effectively promote the improvement of farmers' income level,continuously enhance the agricultural-related output value and the coordinated economic and financial development of poor areas,but also play an irreplaceable key role in reducing the incidence of poverty.To make clear the relationship between financial development and poverty alleviation,and give better play to the poverty reduction effect of financial development.First of all,it has a very significant role in helping to implement the national poverty alleviation strategy,and at the same time,it is also conducive to the government's poverty alleviation command department to make more appropriate guidance arrangements in the new period of financial poverty alleviation,so as to formulate poverty alleviation policy measures in line with the financial work priorities according to the actual situation,it is of great practical significance to win the fight against poverty.Therefore,this article summarizes the existing literature on financial development,poverty alleviation and the differentiation of financial development and financial poverty alleviation measures,to explore the impact of financial development on poverty alleviation through which way.Under the guidance of theory,this paper expounds and analyzes the current situation of poverty districts in Gansu Province and the achievements of financial poverty reduction practice,and obtains thepractical ways of financial development in reducing the incidence of poverty.Combining theory with practice,this paper uses dynamic panel data of 43 state-level poverty counties in Gansu Province to construct the econometric model suitable for research,and makes an empirical model analysis of the relationship between financial development and poverty alleviation in poverty-stricken districts in Gansu Province by using the systematic GMM estimation method.After obtaining the expected function relationship between the two,this paper continues to select the economic growth data as samples,and further construct the threshold regression model to verify the existence of nonlinear threshold effect between the two.The empirical research shows that the financial development of poverty-stricken districts in Gansu Province will significantly and positively affect poverty alleviation,and the persistence of poverty in the sample area will lead to the difficulty of poverty alleviation in poverty-stricken areas,and the role of economic growth and income distribution in poverty alleviation is more obvious,which provides a realistic choice for poverty reduction in poverty-stricken areas.At the same time,the role of financial development on poverty alleviation will have a G-J effect.Under different levels of economic growth,there are significant differences in the role of financial development on poverty alleviation.In view of the research conclusion of this paper and the actual situation of poverty-stricken areas in Gansu Province,this article form seven aspects,which include accelerating the improvement of the financial market service system,effectively promoting the coordinated development of economy and finance,effectively exerting the synergy effect of finance and finance,deepening the reform of rural financial institutions,continuously optimizing the rural credit evaluation system,strengthening the popularization of financial knowledge inpoverty-stricken areas,and exploring the establishment of a long-term anti-poverty mechanism,to put forward the policy of financial development to play the role of poverty alleviation.