The Research On The Impact Of Digital Inclusive Finance On Poverty Alleviation Based On Global Perspective

Poverty is not only a problem in developing country,but also an important barrier to overcome to the global all the time.It not only damages the normal life power of some people,but is also likely to be intensified into a hidden danger that affects social stability and the steady development of the national economy.The United Nations proposed the Millennium Plan in the 1990 s and hoped that all countries could work together to fight with poverty.However,because the poor people themselves have the characteristics of dual division with traditional financial markets,it is often difficult to meet the threshold of financial services,resulting in financial exclusion,making it difficult for them to obtain sufficient production factors(capital)to achieve poverty alleviation through productive labor.Inclusive finance is proposed in this context.It will focus on providing financial services to the poor and small and micro enterprises,helping them to achieve income growth and poverty.The 2016 G20 Summit proposed to promote the role of digital inclusive finance in poverty alleviation and economic growth on the basis of traditional inclusive finance.The essence of digital inclusive finance is to promote the development of inclusive finance through digital technology.Compared with traditional inclusive finance,it can cover more people from all walks of life at a lower cost and in a shorter time,thus achieving tolerance.Sexual growth,increase the income of the poor and achieve poverty reduction.The scientific issues studied in this paper focus on the poverty alleviation effect of digital inclusive finance.To this end,this paper follows the research ideas of asking questions → theoretical analysis → empirical research → policy recommendations.In the theoretical analysis,this paper firstly determines the absolute poverty alleviation as the main research goal of this paper,and studies the conduction path of digital inclusive financial impact on poverty reduction based on the theory of endogenous growth,incomplete market competition theory and inclusive financial theory.: Providing financial services directly to the poor to reduce poverty and indirectly reducing poverty through economic growth and improved income distribution.Subsequently,this paper selects the digital inclusive financial related indicators of 78 countries from 2013 to 2017,establishes a digital inclusive financial index that can represent its development level,and adopts the fixed effect model estimation method,from the overall and national grouping.To conduct an empirical test.It is found that(1)the development of digital inclusive finance can positively affect the slowdown of absolute poverty,and its effect on the reduction of absolute poverty and the national income level have a “U”-shaped structure,ie,reduction in low-and middle-income countries.The poverty effect is much higher than that of low-income,middle-income and high-income countries;(2)digital inclusive finance can improve relative poverty,and relative poverty can be improved with the development of digital inclusive finance;(3)Digital inclusive finance can indirectly affect poverty reduction by regulating income structure and promoting economic growth,but the effect is not obvious in high-income countries.Based on this,the policy recommendations proposed in this paper include:(1)increasing the improvement of digital inclusive financial technology infrastructure in remote and poor areas;(2)strengthening policy support for digital technology innovation,relaxing access restrictions,and allowing more Capital participates in the development of digital inclusive finance;(3)Establishing an effective credit evaluation mechanism and vigorously developing credit business.