Study On The Impact Of Inclusive Finance Development On The Income Gap Between Urban And Rural Residents In Shandong Province

To eradicate poverty,realize social justice and common prosperity,and allow everyone to obtain appropriate financial services in a convenient way within the acceptable cost range,inclusive finance came into being.It was described by the United Nations in 2005,and has since begun to enter people’s field of vision.Its emergence gives disadvantaged individuals a fair chance to access financial assistance,offers effective methods for companies with development difficulties to deal with the ancient trouble with financing,and benefits more groups.As a responsible and people-centered country,China is striving to promote the development of inclusive finance,so that more people can get the resources they need through the convenience of financial services.Shandong,which attaches the north and the south and runs through the east and west,is also an important birthplace of ancient Chinese culture.It has unique resource advantages in terms of humanities,transportation and geographical location,which also makes it full of development momentum.As a major agricultural province in China,Shandong Province has been making great efforts to promote the reform and devoting all its efforts to this work in the implementation of the strategy of inclusive finance.Although satisfactory results have been obtained,the situation of uneven development between regions has always existed,and the urban-rural income gap has also become the focus of Shandong Province.Therefore,discussing the relevance between inclusive finance and the urban-rural income gap in Shandong Province will not only be of great benefit to lessening the rich-poor gap,but also play an important role in China’s future inclusive financial development and promoting the high-quality improvement of the overall economy.Referring to the relevant research of scholars at home and abroad on inclusive finance,this article collations and inductions various literatures about inclusive finance,and discusses the influence of inclusive finance on the urban-rural income gap in Shandong Province from both theoretical and empirical levels.Because Lai wu was merged into Ji nan after 2018,this article relys on the data of 17 cities in Shandong Province from 2010 to 2018.Firstly,analyze the current situation of the urban-rural income gap in Shandong Province,and select 8 indicators from three dimensions to construct an evaluation system for inclusive finance,and use the improved entropy weight method to measure the extent of inclusive finance.Secondly,using the fixed effect model to conduct empirical research,it is concluded that the implementation of the financial inclusion strategy in Shandong Province can help lessen the urban-rural income gap.Finally,combined with the relevant theoretical and empirical test results,targeted advice is given to push forward the implementation of the inclusive finance strategy in Shandong Province to benefit more people,lessen the urban-rural income gap,and improve inclusive economic growth.