Study On Regional Differences Of Rural Inclusive Financial Development And Its Effects On Income Increasing Of Farmers

Solve the problems of agriculture,rural areas and rural residents are the basis of achieving other aims in the process of China's economic development.Only if we raise the income level of farmers and narrow the gap between urban and rural areas,can we achieve the grand goal of building a well-off society totally.China's inclusive financial development has provided strong power to rural economic development.In order to give full play to the role of inclusive finance in rural areas,it is necessary to make a detailed study on the impact of rural inclusive finance development on rural residents' income level.At the same time,we should pay attention to the differences of rural inclusive financial development and the influence to rural residents' income among different regions.Then take corresponding measures to solve these differences.It's very helpful to achieve the regional balanced development of rural areas in China.This paper sorts out the literature of inclusive finance and its role of poverty reduction firstly,and expoumds the theoretical basis of the research and the mechanism of rural inclusive finance development to promote the increase of farmers' income level.Based on these,the paper analyzes the current situation of rural inclusive finance development and the status quo of farmers' income level in 30 provinces and four regions of China.Then,it selects 3 dimensions,including permeability,availability and usability,to construct rural Index of Inclusive Finance(IFI)that reflects the development level of rural inclusive finance.The development level of rural inclusive finance in 30 provinces and four regions of China are measured by IFI in order to analyze the differences between regions.Based on these,the fixed effect variable intercept model,fixed effect variable coefficient model and mixed model are respectively used to study the east and central region,the western region and the northeast area so as to analyze the difference of the influence of rural inclusive financial development to farmers' income level among different regions.According to the analysis results,the following conclusions are obtained:Rural inclusive finance has the highest degree of development in the east of China's four regions,the central region is the second,and the west and northeast area left behind.The development of rural inclusive finance has the greatest effect on the improvement of rural residents' income level in the west area,and then central area,northeast area and east area.Considering the basic effect of intercept items,the level of rural inclusive financial development and rural residents' income level in various regions are basically matched.Based on the conclusion of the study,this paper puts forward some suggestions for the government and financial institutions,such as increasing the breadth and depth of rural inclusive financial services,implementing the different policy in view of the unbalanced development of different areas and strengthening the effect that the development of rural inclusive finance increases rural residents' income.