An Analysis Of Regional Differences Of Economic Effects Of Inclusive Finance In China

Since the concept of inclusive finance was put forward in the year of microfinance in 2005,it has attracted great attention from governments all over the world.The Chinese government has now elevated inclusive finance into a national strategy,and strengthening the development of inclusive finance is of great significance for improving China's economic growth.So far,China has implemented the inclusive financial policy for more than 10 years,and the top-level design is becoming more and more perfect.So far,what is the development of inclusive finance in China? How to measure its development level more accurately? What are the regional differences in the utility of inclusive finance? Academic and political circles have been paying close attention to this series of issues.This paper tries to analyze these problems from the perspective of theory and demonstration,so as to make Suggestions for the rapid development of inclusive finance in China.First of all,this paper in-depth analysis of the classic literature at home and abroad,and then find the focus and foothold of the writing of this paper,and put forward the detailed research objectives and content.Secondly,a profound conceptual and theoretical analysis is made to find out the mechanism of the influence of inclusive finance on the utility of different regions.Thirdly,it comprehensively analyzes and measures the development of inclusive finance in 31 provinces from 2006 to 2015.The comparative analysis of the eastern and western regions shows that,in general,the development of inclusive finance in the eastern part of China is superior to that in the central part of China,and the development in the central part of China is very slow.On this basis,the paper empirically tests the inter-provincial panel data of China from 2006 to 2015 by establishing the individual and time double fixed effect model,and finds that inclusive finance can significantly promote economic growth,but there is threshold effect for the central region,that is,there is an optimal value.Furthermore,this paper also studies the influence of inclusive finance on industrial structure adjustment,and concludes that it is necessary to strengthen the development of the tertiary industry,such as accelerating the rapid development of financial insurance,real estate,information consulting,e-commerce,modern logistics,tourism and other modern tertiary industries.Finally,summarize the above research results,draw the following conclusions: The financial system internal structure and development space structure of the regional gap is obvious;The influencing factors of regional difference in the utility of inclusive finance in China are diverse.On the basis of the above analysis and empirical test,this paper comes to the following policy recommendations: The essay encourages and supports traditional financial institution stoparticipate in inclusive finance;establish the index database covering financial indicators;In addition to promote inclusive finance in the national development,coordinate the balanced development of different regions.