The Impact Of Inclusive Finance On The Urban-Rural Income Gap In Gansu Province

Since the reform and opening up,people's living standards in Gansu have been continuously improved,but at the same time,the urban-rural income gap has become a stumbling block to hinder Gansu's economic development,affecting the healthy development of society.Inclusive Finance focuses on solving the problem of financial exclusion,serving the disadvantaged groups in rural areas and increasing the income of the disadvantaged groups.Therefore,local governments attach great importance to the development of inclusive finance.The article takes Gansu Province as the research object,assuming that inclusive finance can narrow the urban-rural income gap,and conducts empirical research to provide an empirical basis for the development of inclusive finance.The article begins with a review of domestic and foreign literature on inclusive finance,urban-rural income gap,and the relationship between inclusive finance and urban-rural income gap.It introduces relevant concepts of inclusive finance and the impact of inclusive finance on urban-rural income gap mechanism.Secondly,it analyzes the current situation of inclusive finance in Gansu Province,and refers to the practice of relevant scholars.Based on the Peking University Digital Inclusive Finance Index,according to the three dimensions of financial service availability,financial service use,and digital financial use,nine are selected.The index,through the coefficient of variation method,measures the inclusive financial index of 60 counties in Gansu Province,and then uses the Theil index to calculate the urban-rural income gap index of 60 counties in Gansu Province.Finally,the regression model is selected by F test and Hausman test,proving that inclusive finance can narrow the urban-rural income gap.And summarize the conclusions and put forward relevant policy recommendations.Through the study of the article,the main conclusions are as follows:First,the level of inclusive finance in all counties of Gansu Province has increased in recent years,but the overall level is relatively low and growable.Second,The urban-rural income gap between the counties in Gansu Province is generally narrowing.Third.Regardless of the overall scope or sub-region of Gansu Province,inclusive finance can reduce the urban-rural income gap.Fouth,The level of employment,the structure of rural employment,and the level of rural mechanization have different effects on the urban-rural income gap.Finally,this article puts forward relevant policy recommendations in terms of strengthening the top-level design of inclusive finance,accelerating the construction of credit reporting system,and promoting the use of digital finance.