Research On The Spatial Effect Of Inclusive Finance In China And Its Imbalance Measurement

Inclusive finance is a comprehensive financial concept designed to meet the financial needs of different groups of people and at different levels at a reasonable cost.This paper analyzes the development status and trends of the financial industry in different dimensions,and refers to the International Monetary Fund(IMF)’s inclusive financial development level indicators to construct my country’s inclusive financial index system.The principal component analysis method is used to measure the development level of inclusive finance in China.On this basis,the spatial econometric method is used to construct a spatial panel regression model for panel data of 31 provinces and municipalities in China from 2012 to 2019,and the spatial effect of the influencing factors of inclusive finance was analyzed.In addition,empirical research was conducted on the uneven development of inclusive finance based on the measurement of the Zenga index..After research,this paper draws the following conclusions: First,according to the analysis results of spatial effects,we found that the level of urbanization development,education level and financial efficiency have very important spatial correlations for the development of inclusive finance.Specifically,a higher level of urbanization in a region may have a negative impact on surrounding areas,while the improvement of education level and financial efficiency may have a positive impact on the development of inclusive finance in surrounding areas.Therefore,in order to achieve a more balanced long-term development of national inclusive finance,it is necessary to give full play to the financial advantages of a certain region and promote the development of inclusive finance in surrounding areas.Second,there is an imbalance in the development of China’s inclusive finance.Judging from the changing trend of the Singer Index,the unbalanced development of inclusive finance in China has been on the rise from 2012 to 2019,which shows that with the development of the economy,the unbalanced development of inclusive finance has also been intensified.From the perspective of point quantiles in different regions,the values of the point Singer index are larger in regions with high or low levels of inclusive finance,indicating that there are obvious differences in the development level of inclusive finance in regions with high and low levels of development.Equilibrium phenomenon.The point Zenga index value is the largest in Guangdong Province with a higher level of development and Tibet Autonomous Region with a lower level of development.