Research On The Impact Of Digital Inclusive Finance On Poverty Reduction Effect

By the end of 2020,China has achieved the goal of poverty alleviation for all rural poor under the current standards,but returning to poverty after poverty alleviation is still a problem that needs continuous attention and solution.Therefore,poverty reduction is still a long-term task.Poverty alleviation and poverty reduction are inseparable from the support and implementation of a series of policies.Today,with the rapid development of the Internet,people can have more convenient access to financial products.Digital inclusive finance promotes the ability of residents to increase income by diversifying financial services.Under the background of reducing the gap between the rich and the poor and rural revitalization,it is of practical significance to study the poverty reduction effect of digital inclusive finance.This paper empirically studies the poverty reduction effect of digital inclusive finance from the micro and macro levels.The first is to analyze from the micro level of family as a unit,mainly based on the data of China Family Panel Studies(CFPS),that is,the panel data of five double-year tracking surveys from 2010 to 2018;the second is to analyze from the macro level of provinces,mainly based on the relevant annual economic data of each province.The empirical method mainly uses the panel data logit model and the panel data tobit model,and examines the robustness of the empirical method and the applicability of the test model.In addition,the poverty reduction effect on regional,urban and rural areas and education background for heterogeneous analysis.When examining the effect of poverty reduction,we should pay attention to both the incidence of poverty and the degree of poverty,so as to reflect the effect of poverty reduction more comprehensively.The empirical results show that digital inclusive finance has a significant positive effect on reducing the incidence of family poverty and reducing the degree of family poverty.In terms of regions,the effect of digital inclusive finance on poverty reduction is the largest in the western region,followed by the northeast and central regions,and the smallest in the eastern region.In terms of urban and rural areas,rural poverty reduction is better than urban poverty reduction.In terms of educational background,people with junior high school and below benefit more from digital inclusive financial poverty reduction than people with high school and above.Finally,this paper puts forward some policy suggestions,and believes that the sustainable development of local economy can be promoted by strengthening financial subsidies for poor areas,publicity and education of digital inclusive financial products and supporting local enterprises.At the same time,local governments should also improve the credit system and strengthen the supervision of digital inclusive finance to create a healthy network environment for digital inclusive finance.