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

Inclusive finance in Shandong Province shows a trend of rapid development and involves a wide range of fields,but the reality is that the gap between the rich and the poor of urban and rural residents in various cities is still increasing.Therefore,it is of great significance to study the impact of the income gap between urban and rural residents,which is conducive to tap the potential of inclusive finance to improve the income balance of urban and rural residents and to promote the balanced development of urban and rural economy.This article is summarized through the existing literature,Analyze the influence mechanism of inclusive finance on the income gap between urban and rural residents,Then analyze the development status of inclusive finance and the basic situation of income gap between urban and rural residents in 16 cities in Shandong Province,Choose the Mandira Sarma financial inclusion index measurement method,Building the index system from three dimensions of geographical penetration of financial services,accessibility of financial services and use efficiency of financial services,Calculate the IFI of Shandong Province Inclusive Finance Development Index in 2014-2021,The results found that the overall level of inclusive finance in Shandong Province has been greatly improved,Memean increased from 0.2112 to 0.3074,The IFI index of Qingdao and Jinan increased by 0.2854 and 0.2557,respectively,The increase range is relatively large.In the results of IFI index in 2021,a total of 6 cities were at the medium level of inclusive finance,namely Zibo,Dongying,Jining,Weihai and Liaocheng.The IFI index of Yantai city reached0.2913 in 2021,close to the medium level,and there is great potential for improvement in the future.The IFI index of Heze,Zaozhuang,Dezhou and Weifang is at a low level,and the development is slow,and the index growth rate is small.NSubsequently,in Shandong province in 2014-202116 cities urban and rural residents family per capita income gap tel TI index as explained variable,IFI index as the explanatory variable,select the economic development level PGDP,urbanization rate UR,government intervention degree TAX and industrial structure IS index as the control variable,through the panel unit root test,cointegration test and multiple linear test.And to construct a random-effects panel model,The regression results found that the IFI of FI was significantly negative at the 1% level,It can effectively promote the narrowing of the income gap between urban and rural residents in Shandong Province;The urbanization rate UR is also significantly negative at the 1% level,Is an important factor affecting the narrowing of the urban-rural income gap,The improvement of the urbanization level in the cities around Shandong Province,To promote the development of the agricultural economy,To increase farmers’ income,Reduce the income gap between urban and rural residents;At the same time,the degree of government intervention TAX and IS of industrial structure are significantly negative at the 5% level,It can actively promote the narrowing of the income gap between urban and rural residents in Shandong Province to a certain extent.Therefore,it is proposed to improve the rural financial infrastructure,strengthen the publicity of rural inclusive finance knowledge,accelerate the urbanization process,increase the government financial expenditure,help the development of agriculture,rural areas and farmers,give full play to the positive impact of the development of inclusive finance on the narrowing of the income gap between urban and rural residents,and promote the overall economic development of Shandong Province.