Research on Current Situation, Measurement and Countermeasures of Inclusive Finance Promoting Economic Development in Yangtze River Delta of China

International Journal of Economics and Management Studies

© 2021 by SSRG - IJEMS Journal

Volume 8 Issue 5

Year of Publication : 2021

Authors : Jiaxin Yan, Xuefeng Zhang, Yawen Zhan, Xuewei Xu, Keyue He

10.14445/23939125/IJEMS-V8I5P107

How to Cite?

Jiaxin Yan, Xuefeng Zhang, Yawen Zhan, Xuewei Xu, Keyue He, "Research on Current Situation, Measurement and Countermeasures of Inclusive Finance Promoting Economic Development in Yangtze River Delta of China," SSRG International Journal of Economics and Management Studies, vol. 8,  no. 5, pp. 60-66, 2021. Crossref, https://doi.org/10.14445/23939125/IJEMS-V8I5P107

Abstract:

The development and innovation of inclusive finance not only promotes the free flow of financial resources in the Yangtze River Delta of China but also helps to promote the integration process of the Yangtze River Delta and improve its economic competitiveness. Based on this background, this paper firstly sorts out relevant literature at home and abroad，This paper studies the relationship between inclusive finance and regional economic development in the Yangtze River Delta of China from a new perspective. Secondly, with Shanghai and Jiaxing as the key objects, this paper illustrates the current situation of inclusive finance promoting regional economic development in the Yangtze River Delta of China through intuitive charts. At the same time, the panel regression analysis method is used to calculate and study the impact of inclusive finance on regional economic development in the Yangtze River Delta of China according to the statistical yearbook reports of the two cities each year. The empirical results show that the development of inclusive finance can promote the regional economic development of the Yangtze River Delta of China on the whole, but there are some problems in the development of inclusive finance in the Yangtze River Delta of China, such as unbalanced regional development, unreasonable allocation of financial resources between urban and rural areas, and insufficient financial supervision. In this paper, it is suggested to build a development platform and strengthen the construction of financial infrastructure in an overall plan so as to alleviate the unbalanced development of inclusive finance in the region and promote the formation of a sufficient and independent inclusive financial market environment.

Keywords:

Inclusive Finance, The Economic Development, Yangtze River Delta of China, Financial resources, resident income

References:

[1] Lorenz Edward,Pommet Sophie. Mobile money, inclusive finance and enterprise innovativeness: an analysis of East African nations. Industry and Innovation.28(2)(2021).
[2] Vera Ogeh Lassey Fiador, Mohammed Amidu. Inclusive finance, bank pricing behavior, and livelihood activities of households in Ghana. SN Business & Economics. 1(1)(2021).
[3] Jin Faqi, Huang Jing, Wu Qingtian. Research on the efficiency and influencing factors of digital Inclusive Finance in adjusting the welfare difference between urban and rural residents—Based on DEA Malmquist Tobit model. Financial theory and practice. (3)(2021)14-22.
[4] A Yong. Research on the development of rural Inclusive Finance under the background of Internet finance. China Civil and commercial journal. (3)(2021) 19-20.
[5] Md.Morshadul Hasan,Lu Yajuan,Appel Mahmud. Regional Development of China’s Inclusive Finance Through Financial Technology. SAGE Open. 10(1)(2020).
[6] Grace,Ofori-Abebrese,Samuel. Estimating the effects of financial inclusion on welfare in sub-Saharan Africa.Cogent Business & Management.7(1)( 2020).
[7] Abdul, Ganiyu, Iddrisu. Political business cycles, bank pricing behavior, and financial inclusion in Africa.Cogent Economics & Finance. 8(1)(2020).
[8] Jianti Zheng, Zhizhong Xie. Research on Innovative Development of Rural Area Microfinance under the Background of Inclusive Finance. World Scientific Research Journal.6(5)(2020).
[9] Jianti Zheng, Zhizhong Xie. Research on the Development Level and Policy Innovation of Inclusive Finance in Fujian Province. International Journal of Social Science and Education Research. 2(12)(2020).
[10] Wang Zhen. Economic development report of the Yangtze River Delta region 2018-2019. Social science literature press. (2020).
[11] Yaning, Li, Yi.Study on Sustainable Development of Microfinance Institutions from the Perspective of Inclusive Finance—Based on MFI Data in Countries along the Belt and Road.Emerging Markets Finance & Trade. 56(13)(2020)3205-3216.
[12] Hasan, Md.Regional Development of China's Inclusive Finance Through Financial Technology.SAGE Open.10(1)(2020).
[13] Chen Yanjun. Review on Inclusive Finance promoting rural economic revitalization. Modern agriculture research. 26 (6)(2020) 22-23.
[14] Cai Ping, Wang Wenhao. Analysis of Inclusive Finance to increase consumption of residents based on Chinese experience. Journal of Shandong Normal University: Natural Science Edition.35 (4) (2020) 440-448.
[15] Akilu, Aliyu, Shinkafi. Realizing financial inclusion in Islamic finance. Journal of Islamic Marketing. 11(1)(2019)143-160.
[16] Li Xiaomeng. Research on the Impact of Inclusive Finance Development on Regional Economic Development in Beijing, Tianjin, and Hebei. Tianjin University of Finance and Economics. (2019).
[17] Aisaiti, Gulizhaer.An empirical analysis of rural farmers' financing intention of inclusive finance in China The moderating role of digital finance and social enterprise embeddedness.Industrial Management and Data Systems.119(7)(2019)1535-1563.
[18] Rabia, Rasheed, Sulaman.Attitude for inclusive finance: influence of owner-managers and firms’ characteristics on SMEs financial decision making.Journal of economic and administrative sciences.35(3)(2019)158-171.
[19] Gulizhaer,Aisaiti,Luhao.An empirical analysis of rural farmers’ financing intention of inclusive finance in China.Industrial Management and Data Systems.119(7)(2019)1535-1563.
[20] Harper, Malcolm.Inclusive Finance India Report 2018.Enterprise Development and Microfinance. 30(1)(2019)69-71.
[21] Akilu, Aliyu, Shinkafi.Realizing financial inclusion in Islamic finance. Journal of Islamic Marketing.11(1)(2019)143-160.
[22] Lei Hanyun, he Qingqing. The path of Inclusive Finance to promote
shared development -- from the perspective of three dimensions of Inclusive Finance. Xinjiang Finance and economics. (5)(2019) 28-37.
[23] Zhao Shuang. Research on the Impact of Inclusive Finance Development on the Urban-rural Income Gap in the Yangtze River Delta of China. Southeast University. (2018).
[24] Wellen, Lukas.Frugal financial innovations for inclusive finance: the experience with customer care at M-Pesa in Kenya.Enterprise Development and Microfinance.29(3)(2018)262-275.
[25] Anand S.K. and Chhikara K.S.A Theoretical and Quantitative Analysis of FinancialInclusion and Economic Growth. Management and Labour Studies. (02)(2012)103-133.