Study on the Influence of Inclusive Finance Development Level on Urban-Rural Income Gap in Guizhou Province

摘要

The relationship between inclusive finance and urban-rural income gap has become a social concern. In this paper, VAR vector autologous regression model was adopted to construct the inclusive finance index system. Data from Guizhou Province from 2007 to 2017 were selected to analyze the relationship between inclusive finance and urban-rural income gap in Guizhou through Granger test, Impulse response and Variance decomposition. The results showed that the development level of inclusive finance in Guizhou Province improved year by year, but the development level was not high and the development was not sTABLE. Inclusive finance is a One-way causal relationship between urban and rural income gap; in the fourth order of the optimal lag order, inclusive finance has a negative impact on the urban-rural income gap. At the same time, when the urban-rural income gap lags for four periods, it falls under its own influence and rises under the influence of inclusive finance.