| Inclusive finance was first proposed by the United Nations in 2005.Because of its supporting role in the development of small and micro enterprises and social marginal groups,it is defined as a scientific financial service system for all sectors of society.The Third Plenary Session of the 18 th Central Committee of the Communist Party of China first put forward the view that China should vigorously develop inclusive finance to give full play to its employment effects.In 2015,the State Council further clarified the relationship between inclusive finance and entrepreneurship and innovation,and emphasized the importance of inclusive finance to employment.In recent years,the scale of employment in China has continued to expand,but the rate of employment growth has been declining,and there is still a phenomenon of underemployment.In the social environment with financial repression,due to the lack of financial support for small and micro enterprises,the competitiveness of small and micro enterprises decreases,the scale of employment cannot be expanded,and the employment problem cannot be solved.The concept of inclusive finance just provides a new idea for solving the problem of employment difficulties.Through high-quality financial services,inclusive finance improves the utilization of financial resources,transfers the diversified financing needs of enterprises,reduces financing constraints,and thus promotes employment.How to create more jobs through the adjustment of inclusive finance has become a research hotspot in economic construction.Scholars generally believe that the development of inclusive finance can alleviate financial exclusion and promote employment.Compared with the existing research,this paper chooses the coefficient of variation method to set different weights according to various indicators,and conducts an empirical test on the employment effect of inclusive finance through the panel threshold model.With the progress of society,the level of development of inclusive finance in China is constantly improving,but there is still a certain gap compared with developed countries,and the development of regions is relatively unbalanced.The level of development of inclusive finance in the eastern region is significantly higher than that in the central and western regions.Based on the regression results of the provincial panels in 31 regions of China from 2007 to 2019,this paper shows that inclusive finance can directly promote the increase in employment of urban residents in China,but the impact on different regions and industries is heterogeneous.According to the promotion effect of inclusive finance on different regions,they are sorted into eastern,western,and central regions in descending order.The effect of inclusive finance on the employment of urban residents in the primary industry is not obvious,but the effect of promoting the employment of urban residents in the tertiary industry is the most significant.Economic growth and industrial structure optimization play an important media role in promoting residents’ employment in my country’s inclusive finance.With the continuous improvement of the level of economic development,the promotion effect of inclusive finance on the employment of urban residents in my country has been increasing,and the impact on the employment of the secondary industry has shown an inverted U-shaped characteristic.The role of inclusive finance in promoting employment of urban residents has a significant threshold phenomenon.Before the threshold,employment is clearly shifted from the primary industry to the secondary industry;after the threshold,employment is significantly shifted to the tertiary industry.In view of the current actual situation in our country,finally this article proposes that we should formulate differentiated policies based on regional differences and pay attention to the employment guidance role of the tertiary industry,so as to more effectively achieve the goal of promoting employment in our country. |
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