| Inclusive financial development was first proposed in 2005 when the United Nations promoted microfinance,referring to ensuring diversified finance and credit support for low-and middle-income people or underdeveloped regions through sound financial infrastructure while affordable.It can be seen from this expression that the main service targets for inclusive financial development are poor people and low-income people who are excluded from traditional financial services.The main service areas are economically underdeveloped areas.By the end of 2018,China still has 16.6 million rural poor,with a poverty rate of 1.7%,and the per capita disposable income of rural poor residents is only 10,371 yuan.Therefore,how to improve the financial service support level of rural areas and rural residents in China is the main content of inclusive financial development,and it is also the purpose of this paper.However,while studying this issue,the key to poverty alleviation in rural areas is the improvement of the knowledge level of laborers.Therefore,this paper takes human capital as a research perspective,and studies the rural poverty alleviation effect of China’s inclusive financial development through relevant theories and empirical analysis.Whether the inclusive financial development can significantly reduce the level of poverty in rural areas of China,and whether human capital can play a role in it,the academic community has different views on this.Based on the existing academic achievements and the research of inclusive financial development theory and human capital theory,this paper analyzes the theoretical and factual basis of China’s inclusive financial development and rural poverty from the perspective of human capital,and based on this,From 2006 to 2016,the panel data of 31 provinces and cities nationwide selected rural residents’ Engel coefficient,inclusive financial development index and average years of education as key indicators to comprehensively measure the level of provincial-level inclusive financial development;And construct a mediation effect model to estimate,empirically analyze the relationship between inclusive financial development and poverty alleviation in rural areas,and test the role of human capital in poverty reduction.The results show that there is a positive correlation between inclusive financial development and poverty alleviation.Moreover,human capital can promote poverty alleviation.That is to say,inclusive financial development can achieve the purpose of poverty reduction through human capital.Based on the research conclusions,This paper puts forward relevant suggestions from the two aspects of inclusive financial development and human capital.Namely:improve the inclusive financial development system,accelerate the transformation of financial institutions,promote financial product innovation,increase investment in rural education and skills training for rural residents. |
