The Study On The Influence Of Inclusive Finance Development To Urban-rural Residents' Income GAP

The objectives of the balance between economic and social development of urban and rural areas set in the Sixteenth CPC National Congress,the strategic mission of the promotion to the integration of urban and rural areas designed in the Eighteenth CPC National Congress and the clear-cut deployment of the mechanism to improve the integration of urban and rural development,these three reflect that important role the elimination of the huge disparity between urban and rural areas beneficial to the harmonious development plays in the comprehensive implementation of the Four Projects.How to narrow the internal income gap between the urban and rural citizens remains one of the most important problems for us to construct the economy.Meanwhile,China initiated the inclusive finance system in 2006,aimed to expand and extent the financial service,striving to alleviate the financial exclusion,seeking to narrow the income gap between the urban and rural areas and ultimately achieving common prosperity.According to the background information,the research on the influence of Chinese inclusive finance system on the effectiveness of narrowing the gap between urban and rural areas leading to promote the harmonious development of urban and rural areas is of great importance and necessity.This paper begins with the analysis of the influence of the inclusive financial system on the income gap between the urban and rural areas from several angles such as opportunity effect,economic gain effect,psychological effect and cost effect,based on the explanation of the relative definition of the inclusive financial system.Next,it constructs the financial index system of the inclusive finance included by three dimensions-the coverage,the utility and the extensiveness of the financial service through the analysis of current domestic financial index system.Moreover,it comprehensively evaluates the implementation degree of financial inclusion with the reference of the hierarchical factor analysis mode of panel data.In conclusion,itmanifests poor performance of the development of Chinese financial inclusion and lower developmental level of the financial in most provinces than the national average.It further demonstrates the regional distinctions of the developmental level among different provinces.Furthermore,the paper shows the quantitative analysis the influence of the inclusive financial system on the income gap between the urban and rural areas on a national and regional basis utilizing the model of panel data regression skill constructed in 31 provinces from 2006 to 2015.According to the empirical results,the development of Chinese inclusive financial system can accelerate the pace of narrowing the income gap between the urban and rural areas.Nevertheless,for the regional distinctions,the pace of the development in the eastern part keeps abreast of the one nationwide while the financial inclusion has the positive effect on the pace of the development in the central part.Although in the western part,it showcases the negative effect,it is not pivotal for the development.Based on the research conclusions,the fifth chapter puts forward relevant suggestions from the aspects of implementing a diversified development strategy,improving overall development performance,optimizing the financial development environment,improving the supervision and management system,and adopting an information technology platform to achieve sustainable development.