Research On The Poverty Alleviation Effect Of Rural Inclusive Finance In China

In the past 40 years of reform and opening up,China's rural poverty alleviation has made great achievements.However,due to the poverty level of the poor and the poor effectiveness of traditional poverty alleviation methods,China's poverty alleviation situation is still grim.Exploring more effective poverty management tools has become a top priority for rural poverty alleviation.With the innovation of rural financial products and service methods,financial poverty alleviation methods have gradually been recognized by people.China has tried to regulate the distribution of urban and rural financial resources by developing inclusive finance,thereby promoting rural economic development and improving farmers' lives.Inclusive finance has gradually become an important way for China to promote rural poverty alleviation and rural revitalization.In this context,for guiding rural financial development and formulating financial poverty alleviation policies,it is of great significance to explore the role of rural inclusive financial development in mitigating rural poverty.Based on the analysis of inclusive financial theory and the analysis of rural inclusive financial poverty reduction mechanism,this paper measures the development of rural inclusive finance and rural multidimensional poverty in various regions of China based on the provincial panel data from 2009 to 2016.The calculation results show that during the inspection period,the development level of rural inclusive finance in China has been rising,but the regional development is extremely uneven,and the east is far ahead of the central and western regions;In the past eight years,the multi-dimensional poverty situation in rural areas has also been greatly improved.The rural multi-dimensional poverty shows the highest level of poverty in the west,the second in the central region,and the lowest in the east.In the empirical analysis part,this paper uses a panel threshold model to examine the poverty alleviation effect of China's rural inclusive finance from the perspective of livelihood capital,and further analyzes its regional differences.The study found that at the national level,the effect of rural inclusive finance on poverty alleviation presents a significant single threshold.Before crossing the threshold,rural finance is more effective in promoting the reduction of multidimensional poverty in rural areas.Once the threshold is exceeded,this promotion will be weakened,that is,the marginal poverty alleviation effect of rural inclusive finance will diminish gradually.At the regional level,the effect of poverty alleviation in the rural and western regions of the region is far greater than that of the eastern region.This indicates that in regions with lower levels of economic and financial development,the effect of rural finance in reducing poverty is better.Finally,in order to promote the role of poverty reduction finance in rural areas in China,the article combines the reality of rural financial poverty reduction in China,and proposes policy recommendations from the establishment and improvement of rural inclusive financial system,differential formulation of rural financial poverty alleviation policies and optimization of rural financial ecological environment.