| Since the reform and opening up,China's economic development has made great achievements.Under the continuous efforts of the government,the poverty alleviation and development work has achieved remarkable results,and the population of poor and the incidence of poverty has fallen sharply.The No.1 Document of the Central Committee in 2019 points out that this year and next year is the decisive period for the comprehensive construction of a well-off society.It is necessary to focus on precise policy,decisive battles to overcome poverty and difficulties,promote rural revitalization,and complete the task of poverty alleviation for the poor under the current standards.By 2020,the poverty-stricken population will be lifted out of poverty under the current standards,and all the poverty-stricken counties will be removed to solve the regional overall poverty.At present,China's poverty situation and causes are still diversified,and the issue of financing constraints has become one of the main obstacles to deepening poverty reduction.Since the concept of inclusive finance was put forward in 2005,the development of inclusive finance has been considered as an effective way to alleviate this constraint and solve the problem of poverty.Most of the existing researches on the relationship between inclusive financial development and poverty alleviation focus on national and provincial level,and there are few studies focusing on the county within a certain province.Therefore,this paper takes 61 counties in Anhui Province as the research object,and deeply analyzes the impact of inclusive financial development on poverty alleviation.Which not only enriches relevant research,but also promotes the development of inclusive finance in Anhui Province and puts forward the targeted recommendations for better playing the role of financial poverty reduction.Firstly,this paper sorts out related literatures at home and abroad,defines the concept of poverty and inclusive finance and introduces the basic theory of the impact of financial development on poverty alleviation.On this basis,it focuses on the direct and indirect mechanisms of the impact of inclusive financial development on poverty alleviation.Secondly,according to the data provided by Hefei Central Sub-branch of the People's Bank of China,33 indicators are selected from the three dimensions: the availability,use and quality of financial services.Then the development level of inclusive finance in Anhui Province is measured.Thirdly,basing on cross-section data of 61 counties in 2017 in Anhui Province and considering the spatial dependence of variables in adjacent counties,this paper uses SAR and SEM model to empirically analyze the direct effect of inclusive financial development on poverty alleviation.What's more,it verifies the indirect role of inclusive financial development in alleviating poverty through economic growth and income distribution channels.Through theoretical and empirical analysis,the paper draws the following conclusions: First,the overall development level of inclusive finance in Anhui Province is not high,and the ranking from high to low is south,north,center.And exhibit the characteristics of high(low)value and high(low)value aggregation.Second,inclusive financial development level and poverty level have significant positive spatial autocorrelation in Anhui Province.Inclusive financial development plays a significant role in directly alleviating poverty through financial services such as credit,savings,insurance,etc.,but it is less effective than economic development and income distribution.Third,the development level of inclusive finance and economic growth show a U-shaped relationship.Only when inclusive finance develops to a certain level will it promote economic growth and alleviate poverty.However,the poverty alleviation effect of inclusive financial development through income distribution channels has not been verified.Finally,based on research results of this paper,relevant suggestions are put forward. |
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