An Empirical Study On The Impact Of Guangdong Inclusive Finance On Rural Poverty Reduction

As a leading economic province and a leader in reform and opening up,Guangdong Province has a leading position in the country for its long-term GDP and economic aggregate.However,compared with the high-speed economic development and high-level quality of life in some developed areas of Guangdong Province,especially in the Pearl River Delta region,most rural areas are still in poverty.The biggest difficulty for the poor to achieve poverty reduction lies in the shortage of funds.Since the introduction of the concept of inclusive finance to China,it has been highly concerned by the government and the public because of its role in promoting poverty alleviation.Based on the principle of combining mechanism analysis with actual situation,this paper takes Guangdong Province as the research subject and conducts an in-depth study on whether the development of inclusive finance in Guangdong Province has a positive impact on rural poverty alleviation.This paper first summarizes and expounds the concepts of poverty,poverty alleviation,inclusive finance and the results of past literature research.A large number of literature studies show that the development of inclusive finance is conducive to the realization of poverty alleviation,and inclusive financial services guarantee all groups.The demand for financial services is effectively met.Then it analyzes the mechanism of inclusive financial development that is conducive to poverty alleviation,including the advantages of inclusive finance relative to traditional finance.On the theoretical level,it analyzes how inclusive finance can achieve poverty alleviation through three channels: credit,savings and insurance.Analyze the role of inclusive finance in poverty reduction from the aspects of economic development,social equity and ecological civilization.On the basis of theoretical analysis,this paper studies and analyzes the current development of rural areas in Guangdong Province,the current situation of rural poverty,the development status of inclusive finance in Guangdong Province and its existing problems.In terms of empirical research,this paper selects data from various cities in Guangdong Province from 2005 to 2017 to construct a panel data model,and empirically examines and analyzes whether the development of inclusive finance in Guangdong Province is beneficial to poverty alleviation in rural areas.The empirical results show that inclusive finance plays a role in promoting the poverty reduction effect in rural areas of Guangdong Province,especially for the poverty reduction in the Pearl River Delta region.However,the poverty reductioneffect in the eastern Guangdong,western Guangdong and northern Guangdong regions is relatively weak..Finally,combined with the current development status of Guangdong Province,on the two levels of government and financial institutions,in order to further play the role of inclusive finance,we propose reasonable countermeasures and suggestions.