Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China

Qinman Li

doi:doi:10.11648/j.ijfbr.20190506.18

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Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China

Qinman Li

Published in International Journal of Finance and Banking Research (Volume 5, Issue 6)

Received: 8 December 2019 Accepted: 17 December 2019 Published: 26 December 2019

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Abstract

Current problem of tackling poverty in China has been effectively solved, and the scale of the poor has been greatly reduced. However, the task of achieving comprehensive poverty alleviation across the country in 2020 remains daunting. Financial poverty alleviation strategies, especially vigorously developing inclusive finance is one of the effective ways to achieve comprehensive poverty alleviation. This paper aims to test whether inclusive finance policies has positive effects on our poverty alleviation work. We select nine provinces panel data, constructing the inclusive financial index in three dimensions: financial support, permeability, and accessibility. Based on the calculated inclusive financial index, this paper establishes a regression with income poverty, educational poverty and medical poverty as explained variables, inclusive financial index as explanatory variable, and control variables such as economic growth, local education level, and local medical level. The results show that the level of inclusive financial development has a significant positive impact on the income poverty. However, when it comes to educational and medical poverty alleviation, the improvement of the inclusive financial level in a short period does not reflect obvious promotion effects, but has negative impacts. Finally, we suggest the government that continuously improve the accessibility of inclusive financial services; increase the distribution of outlets of inclusive financial institutions, specifically by adding inclusive financial institutions, ATMs, financial poverty alleviation service stations, etc.; and constantly improve financial infrastructure to better provide financial services and improve the availability of inclusive financial services.

Published in	International Journal of Finance and Banking Research (Volume 5, Issue 6)
DOI	10.11648/j.ijfbr.20190506.18
Page(s)	188-193
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Inclusive Finance, Inclusive Financial Index, Poverty Alleviation

References

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APA Style

Qinman Li. (2019). Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China. International Journal of Finance and Banking Research, 5(6), 188-193. https://doi.org/10.11648/j.ijfbr.20190506.18

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ACS Style

Qinman Li. Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China. Int. J. Finance Bank. Res. 2019, 5(6), 188-193. doi: 10.11648/j.ijfbr.20190506.18

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AMA Style

Qinman Li. Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China. Int J Finance Bank Res. 2019;5(6):188-193. doi: 10.11648/j.ijfbr.20190506.18

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@article{10.11648/j.ijfbr.20190506.18,
  author = {Qinman Li},
  title = {Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China},
  journal = {International Journal of Finance and Banking Research},
  volume = {5},
  number = {6},
  pages = {188-193},
  doi = {10.11648/j.ijfbr.20190506.18},
  url = {https://doi.org/10.11648/j.ijfbr.20190506.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20190506.18},
  abstract = {Current problem of tackling poverty in China has been effectively solved, and the scale of the poor has been greatly reduced. However, the task of achieving comprehensive poverty alleviation across the country in 2020 remains daunting. Financial poverty alleviation strategies, especially vigorously developing inclusive finance is one of the effective ways to achieve comprehensive poverty alleviation. This paper aims to test whether inclusive finance policies has positive effects on our poverty alleviation work. We select nine provinces panel data, constructing the inclusive financial index in three dimensions: financial support, permeability, and accessibility. Based on the calculated inclusive financial index, this paper establishes a regression with income poverty, educational poverty and medical poverty as explained variables, inclusive financial index as explanatory variable, and control variables such as economic growth, local education level, and local medical level. The results show that the level of inclusive financial development has a significant positive impact on the income poverty. However, when it comes to educational and medical poverty alleviation, the improvement of the inclusive financial level in a short period does not reflect obvious promotion effects, but has negative impacts. Finally, we suggest the government that continuously improve the accessibility of inclusive financial services; increase the distribution of outlets of inclusive financial institutions, specifically by adding inclusive financial institutions, ATMs, financial poverty alleviation service stations, etc.; and constantly improve financial infrastructure to better provide financial services and improve the availability of inclusive financial services.},
 year = {2019}
}

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TY  - JOUR
T1  - Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China
AU  - Qinman Li
Y1  - 2019/12/26
PY  - 2019
N1  - https://doi.org/10.11648/j.ijfbr.20190506.18
DO  - 10.11648/j.ijfbr.20190506.18
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 188
EP  - 193
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20190506.18
AB  - Current problem of tackling poverty in China has been effectively solved, and the scale of the poor has been greatly reduced. However, the task of achieving comprehensive poverty alleviation across the country in 2020 remains daunting. Financial poverty alleviation strategies, especially vigorously developing inclusive finance is one of the effective ways to achieve comprehensive poverty alleviation. This paper aims to test whether inclusive finance policies has positive effects on our poverty alleviation work. We select nine provinces panel data, constructing the inclusive financial index in three dimensions: financial support, permeability, and accessibility. Based on the calculated inclusive financial index, this paper establishes a regression with income poverty, educational poverty and medical poverty as explained variables, inclusive financial index as explanatory variable, and control variables such as economic growth, local education level, and local medical level. The results show that the level of inclusive financial development has a significant positive impact on the income poverty. However, when it comes to educational and medical poverty alleviation, the improvement of the inclusive financial level in a short period does not reflect obvious promotion effects, but has negative impacts. Finally, we suggest the government that continuously improve the accessibility of inclusive financial services; increase the distribution of outlets of inclusive financial institutions, specifically by adding inclusive financial institutions, ATMs, financial poverty alleviation service stations, etc.; and constantly improve financial infrastructure to better provide financial services and improve the availability of inclusive financial services.
VL  - 5
IS  - 6
ER  -

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Author Information

Qinman Li

The School of Public Finance and Taxation, Central University of Finance and Economics, Beijing, P. R. China

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Plain Text BibTeX RIS

APA Style

Qinman Li. (2019). Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China. International Journal of Finance and Banking Research, 5(6), 188-193. https://doi.org/10.11648/j.ijfbr.20190506.18

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ACS Style

Qinman Li. Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China. Int. J. Finance Bank. Res. 2019, 5(6), 188-193. doi: 10.11648/j.ijfbr.20190506.18

Copy | Download

AMA Style

Qinman Li. Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China. Int J Finance Bank Res. 2019;5(6):188-193. doi: 10.11648/j.ijfbr.20190506.18

Copy | Download

@article{10.11648/j.ijfbr.20190506.18,
  author = {Qinman Li},
  title = {Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China},
  journal = {International Journal of Finance and Banking Research},
  volume = {5},
  number = {6},
  pages = {188-193},
  doi = {10.11648/j.ijfbr.20190506.18},
  url = {https://doi.org/10.11648/j.ijfbr.20190506.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20190506.18},
  abstract = {Current problem of tackling poverty in China has been effectively solved, and the scale of the poor has been greatly reduced. However, the task of achieving comprehensive poverty alleviation across the country in 2020 remains daunting. Financial poverty alleviation strategies, especially vigorously developing inclusive finance is one of the effective ways to achieve comprehensive poverty alleviation. This paper aims to test whether inclusive finance policies has positive effects on our poverty alleviation work. We select nine provinces panel data, constructing the inclusive financial index in three dimensions: financial support, permeability, and accessibility. Based on the calculated inclusive financial index, this paper establishes a regression with income poverty, educational poverty and medical poverty as explained variables, inclusive financial index as explanatory variable, and control variables such as economic growth, local education level, and local medical level. The results show that the level of inclusive financial development has a significant positive impact on the income poverty. However, when it comes to educational and medical poverty alleviation, the improvement of the inclusive financial level in a short period does not reflect obvious promotion effects, but has negative impacts. Finally, we suggest the government that continuously improve the accessibility of inclusive financial services; increase the distribution of outlets of inclusive financial institutions, specifically by adding inclusive financial institutions, ATMs, financial poverty alleviation service stations, etc.; and constantly improve financial infrastructure to better provide financial services and improve the availability of inclusive financial services.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China
AU  - Qinman Li
Y1  - 2019/12/26
PY  - 2019
N1  - https://doi.org/10.11648/j.ijfbr.20190506.18
DO  - 10.11648/j.ijfbr.20190506.18
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 188
EP  - 193
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20190506.18
AB  - Current problem of tackling poverty in China has been effectively solved, and the scale of the poor has been greatly reduced. However, the task of achieving comprehensive poverty alleviation across the country in 2020 remains daunting. Financial poverty alleviation strategies, especially vigorously developing inclusive finance is one of the effective ways to achieve comprehensive poverty alleviation. This paper aims to test whether inclusive finance policies has positive effects on our poverty alleviation work. We select nine provinces panel data, constructing the inclusive financial index in three dimensions: financial support, permeability, and accessibility. Based on the calculated inclusive financial index, this paper establishes a regression with income poverty, educational poverty and medical poverty as explained variables, inclusive financial index as explanatory variable, and control variables such as economic growth, local education level, and local medical level. The results show that the level of inclusive financial development has a significant positive impact on the income poverty. However, when it comes to educational and medical poverty alleviation, the improvement of the inclusive financial level in a short period does not reflect obvious promotion effects, but has negative impacts. Finally, we suggest the government that continuously improve the accessibility of inclusive financial services; increase the distribution of outlets of inclusive financial institutions, specifically by adding inclusive financial institutions, ATMs, financial poverty alleviation service stations, etc.; and constantly improve financial infrastructure to better provide financial services and improve the availability of inclusive financial services.
VL  - 5
IS  - 6
ER  -

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