Research On Poverty Reduction Effect Of Inclusive Financial Development In China

2020 is the year of resolute victory over all-round poverty reduction.By the end of 2018,there are still about 16.6 million poor people in rural areas across the country,and the current pressure to reduce poverty is still high.Financial assistance for poverty alleviation and poverty alleviation is an important measure adopted by the country to win the battle against poverty.It is of great benefit to alleviating the gap between the rich and the poor and improving people's livelihood.The development of inclusive finance has pushed its effectiveness to the extreme.Inclusive finance is based on the principle of equal opportunity,regardless of whether it is expensive or not,is willing and able to provide effective financial services to various groups,so that financial exclusion can be alleviated,financial resources can be allocated fairly,and the universal benefits of finance itself have been greatly improved.It is conducive to promoting the coordinated and sustainable development of society and the economy,achieving inclusive growth of the entire society,and then fundamentally solving the problem of poverty.But in terms of actual poverty reduction effects,different countries have different effects on different groups at different stages.This article draws on previous research results.First,the inclusive financial depth,breadth,and sustainability are incorporated into the same framework system.From these three dimensions,a more comprehensive and three-dimensional construct of the inclusive financial indicator system of this paper is made,which makes the measured universal The level of benefit financial development is closer to reality and more representative;secondly,in order to avoid personal subjective bias,this article uses the entropy weight method to objectively assign the weight of each indicator in the indicator system to measure the actual level of inclusive finance in China's provinces,autonomous regions and municipalities.Then,the dynamic panel model is used to conduct an empirical test on the mechanism of the impact of inclusive financial development on poverty alleviation to verify its feasibility in China.Finally,based on the panel data of provinces,municipalities,and cities in China,a threshold model and a spatial model are introduced to study Threshold characteristics and spatial spillover effects of inclusive financial poverty reduction effects,enrich the research on the characteristics of inclusive financial poverty reduction effects,and provide empirical evidence for its further exploration.The following conclusions are obtained through analysis:(1)With the evolution of time,the development of inclusive finance in China's provinces and regions has steadily increased,but the development between regions has been uneven,and the eastern region is superior to the central and western regions.Guangxi is the most backward.(2)It is estimated that the development of inclusive finance in China can affect 23.046% of poverty reduction.(3)The poverty reduction effect of inclusive financial development has obvious space spillover characteristics and exhibits a nonlinear "inverted U" shape.(4)The poverty reduction effect of inclusive financial development also has obvious threshold characteristics.When the level of inclusive finance development is low,the development of inclusive finance inhibits the reduction of social poverty.Only when it crosses its low level threshold(0.0822)can the development of inclusive finance effectively promote the reduction of social poverty;when the economy When the level of development is high,along with economic growth,the promotion of inclusive financial development on poverty alleviation has been weakened,showing a trend of decreasing margins.Based on the above analysis,this article proposes policy implications for the balanced promotion of the level of inclusive financial development in various regions,the effective use of the regional radiation effect of inclusive financial development,and the promotion of the development of "digital + inclusive finance".