Research On The Influence Of Regional Financial Inclusion And Urban-rural Income Gap

Since the reform and development,China's economy has changed from a high-speed growth trend to a high-quality development trend,and the development of the financial sector has made remarkable progress.The China's financial system is not yet perfect,and there are many defects,such as region differences in local financial development,financing difficulties for small and micro enterprises,and other problems,while there are remote poor areas,vulnerable groups received financial exclusion,unable to access to effective financial services through formal channels,resulting in the aggravation of the urban-rural income gap in China.Therefore,our country must carry on the reform of the financial system,eliminate the existence of the financial exclusion phenomenon in the poor area.China's urban and rural economy is characterized by dual structure and market resources cannot be reasonably allocated.Financial services in the western region of China are not universal,or even never go to the countryside,so that the people in need enjoy the due services,so that the gap between the rich and the poor in China shows regional differentiation.The urban-rural income gap has become a stumbling block on the road to China's economic development.The term "financial inclusion" was formally introduced in 2005 to eliminate financial exclusion by providing credit and diversified financial services to low-income people at an affordable cost.The widening urban-rural income gap has become the main contradiction in China's efforts to achieve targeted poverty alleviation,stabilize economic development and build a harmonious society.It is an urgent need to develop inclusive finance,lower financial thresholds and transaction costs,ease credit constraints in poor areas,and narrow the income gap to achieve high-quality economic development.Regional development imbalance has become a prominent problem,including regional financial development and regional financial inclusion development level imbalance,which seriously restricts the pace of the broad masses of people to pursue a better life.Therefore,based on constructing the evaluation index system of inclusive finance development,entropy weight method is used to measure the development level of inclusive finance in 31 provinces from 2008 to 2017.This paper analyzes the relationship between regional inclusive finance and the income gap between urban and rural residents respectively from the three major economic zones and eight major comprehensive economic zones,and proves that inclusive finance can significantly inhibit the expansion of the income gap,and the inhibitory effect is not linear.Therefore,vigorously develop regional financial,construction of the rural poor areas regional financial internal and external development environment,give full play to the government guiding,speed up the financial development of backward areas inclusive Finance,vigorously develops the Regional financial,improve the regional inclusive financial ecological environment,promote regional financial literacy,etc.,to alleviate the income gap in our country the status quo of far-reaching significance.