| Since the reform and opening up,China's economy has developed steadily and continuously.As the core of modern economy,financial industry has made great progress in recent decades.However,the inherent defects of China's current financial system also expose many problems,such as regional differences in the level of financial development,the long-standing difficulties of financing for small and medium-sized enterprises,and the widening income gap between urban and rural residents.These problems show that the existing system of traditional finance can no longer meet the development requirements of the times and the environment,making the financial system in urgent need of reform.The sound is rising.At the same time,due to the ubiquitous dual structure of urban and rural areas,the unequal allocation of financial resources,and the desertification of some regional finance,the income gap between urban and rural residents in China as a whole is widening.The income distribution gap between urban and rural areas has always been a prominent contradiction and focus of attention in the process of economic and social development in China.In order to solve these problems existing in the traditional financial system,inclusive finance,which can provide appropriate and effective financial services for all social strata and groups with financial services needs,emerged at the historic moment.This concept was put forward by the United Nations at the 2005 International Annual Conference on Microfinance,and its concept and practice have developed rapidly.On November 15,2013,the Third Plenary Session of the Eighteenth Central Committee of the CPC clearly pointed out that the development of Inclusive Finance is the direction of deepening financial reform in China.In recent years,China has proposed to build an inclusive financial system,which also hopes to expand the coverage of financial services to ensure that all people with financial services needs can enjoy safe and convenient financial services,so as to eliminate poverty,narrow the income gap between urban and rural residents,and promote the stable growth of urban and rural economy.Based on this,it is of far-reaching significance to study how to measure the development level of Inclusive Finance in China and how inclusive finance affects the income of urban and rural residents,so as to promote the construction of inclusive financial system,realize the coordinated development of urban and rural regional economy,and explore effective measures to narrow the income gap between urban and rural residents.This paper is divided into five parts.The first part elaborates the background,purpose and significance of the research.The second part is mainly about the literature review of Inclusive Finance at home and abroad.Through consulting the existing literature,we have a thorough and comprehensive understanding of Inclusive Finance and its impact on urban-rural income gap from different perspectives.The third part tries to explore the influence mechanism of Inclusive Financial Development on income gap between urban and rural residents from the theoretical level.The fourth part constructs the index system of inclusive financial development,and uses the index system to measure the inclusive financial development index of 11 provinces in the western region from 2008 to 2017,then uses the panel data to construct panel vector autoregressive model to analyze the relationship between Inclusive Finance and urban and rural residents' income.The conclusion is that there are obvious differences in the level of inclusive financial development between different provinces,cities and autonomous regions,and the impact on urban-rural income gap is also very different.The fifth part,on the basis of empirical analysis,points out the existing problems of financial development and puts forward macro and micro-level policy suggestions according to the current situation of Inclusive Finance Development in China and the specific situation of the western region. |
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