Study On The Impact Of Financial Development On Poverty Alleviation In Regions

With the continuous growth of people's income level in the past 40 years of reform and opening up,poverty has gradually improved,but there is still a long way to go before poverty can be completely eliminated.The report of the Nineteenth National Congress put forward that a well-off society should be built in an all-round way by 2020,and all the existing poor people should be lifted out of poverty.Guangxi,located in the underdeveloped areas of Southwest China,has been facing serious poverty problems.With the deepening of the reform of rural economic system,poverty alleviation in Guangxi has made a series of achievements.However,the widespread coverage of poor people and the large fund gap of poverty alleviation projects have seriously hindered the further promotion of poverty alleviation.Financial development,as an important driving force of economic growth and poverty alleviation,studies the relationship between financial development and poverty alleviation in rural areas of Guangxi,and deeply analyses the impact of rural financial development on poverty alleviation in rural areas,which plays a positive role in poverty alleviation in Guangxi.The relationship between financial development and economic growth has always been the focus of research.Through literature research methods,this paper combs the literature of poverty alleviation of financial development at home and abroad,classifies the relationship between financial development and poverty alleviation,and draws three effects of financial development on poverty: financial development alleviates poverty,financial development aggravates poverty,and financial development promotes poverty.Poverty has an inverted "U" relationship,which increases first and then slows down.This paper briefly reviews the financial development theory,poverty and poverty alleviation theory,clarifies the two mechanisms of financial development affecting poverty,discusses the ways in which each mechanism affects poverty alleviation,and clarifies the impact path of financial development on poverty alleviation.The research on the relationship between financial development and poverty alleviation in Guangxi is based on the comprehensive application of Malthus' s poverty theory,Nelson's poverty theory,financial deepening theory,financial structure theory,endogenous and exogenous financial theory.In the process of financial development,the use of financial deepening theory and financial structure theory to guide the planning and layout of financial development is conducive to the optimization of financial development in Guangxi;the use of Malthusian poverty theory,Nelson's poverty theory,endogenous and exogenous financial theory to conduct a comprehensive evaluation of the operational efficiency of financial poverty alleviation model is conducive to the development of financial poverty alleviation in Guangxi.The model provides reference.By using statistical analysis method,the explanatory variables such as financial development scale,financial development efficiency,income difference between urban and rural areas and per capita GDP are analyzed in detail;through empirical research method,the provincial panel data of Guangxi are selected,through the construction of regression model,using Eviews econometric analysis software platform,the financial development level,financial development scale and Finance of Guangxi are empirically tested.The mechanism of the effect of development efficiency on the per capita net income of poor households is discussed.It is concluded that the expansion of financial scale can effectively alleviate regional poverty.The development of financial efficiency is not conducive to poverty alleviation in the initial stage.In the long run,the improvement of financial efficiency can promote poverty alleviation.Through the study of the most representative financial poverty alleviation development model at home and abroad,it is found that there are advantages in constructing the financial poverty alleviation development model,such as lowering the threshold of financial services in Bangladesh,innovating to drive inclusive finance,guiding financial development by the Indian government,improving the financial service system,strengthening financial policy support in Brazil and strengthening the construction of rural financial organization system.Guiding Guangxi's financial development and poverty alleviation planning has important reference value.On the basis of highlighting the individuality and commonness of regional financial poverty alleviation development model,it is necessary to explore and establish a development model suitable for financial poverty alleviation in Guangxi from the perspective of theoretical and empirical research.It can be seen that in order to promote the sustainable and healthy development of Guangxi's financial poverty alleviation model,we should improve the system of inclusive financial laws and regulations,expand the breadth and depth of rural financial services,standardize the development of new types of financial institutions,accelerate the construction of financial infrastructure,strengthen the role of policy-based financial institutions in poverty alleviation,strengthen the popularization of financial knowledge and other measures,and through collective efforts,To explore more effective strategies to guide the development and planning of financial poverty alleviation.