Research On The Effect Of Farmers' Income Increase In The Development Of Inclusive Finance

The development of inclusive finance is an important strategic goal of the 13 th Five-Year Plan.At this stage,China has entered the stage of poverty alleviation and decisiveness,and inclusive finance has broadened the path of poverty alleviation.This paper studies the impact mechanism of inclusive financial development on farmers' income,draws on other scholars' research methods and appropriately innovates,and empirically analyzes the relationship between rural inclusive financial development and farmers' income increase.Firstly,this paper selects 9 indicators from two dimensions to construct a rural inclusive financial development level measurement system,and calculates the 2009-2017 inclusive financial index of rural areas in each province.The calculation results show that the rural inclusive financial development level of each province keeps rising continuously.However,the development of rural inclusive finance is still at a backward level,and the economically developed provinces have higher levels of inclusive finance,the second highest in developed provinces,and the lowest in underdeveloped provinces.The level of inclusive financial development is positively related to regional economic development.The construction system of this paper selects rural related indicators,and strives to eliminate the influence of relevant urban factors in the process of measurement.The measured inclusive financial index is lower than the measured value of the predecessors.After the calculation is completed,a comparative analysis of the rural inclusive finance in each province is carried out,and 29 provinces are divided into three regions: a higher level area,a medium level area,and a low level area.Secondly,after the inclusive financial index is obtained,the peasant income is taken as the explanatory variable,the inclusive financial development is taken as the core explanatory variable,and the other four control variables that may affect the peasant income are gradually introduced,and the regression analysis is performed using the fixed effect panel data model.First,we will not distinguish the provinces from the regression,and then carry out the regression according to the three regions divided by this paper,analyze the effect of the development level of inclusive finance on the increase of farmers' income,and find that in the case of no distinction between regions,the development of inclusive finance has significant farmers.The effect of income growth,after the sub-region,found that the level of inclusive financial development in the higher level region has an obvious effect on farmers' income increase,followed by the medium-level development level.In the low-level region,inclusive financial development contributes less to farmers' incomeincreasing effect and does its effect is not significant enough.Finally,based on the measurement and empirical results of the development level of inclusive finance in various provinces,this paper puts forward relevant countermeasures and suggestions.