Abstract
Based on the calculation of the inclusive financial development level of 22 provinces and 4 municipalities in China from 2004 to 2017, this paper uses the Kernel density estimation method to further analyze the evolution of the inclusive financial index. Based on the above analysis, we make empirical analysis of the impact of China's inclusive financial inclusion development index on farmers' entrepreneurship using static panel and dynamic panel estimation method. The empirical conclusions show that there are certain differences in inclusive financial inclusion development level in various provinces in China. Improving the inclusion development level of inclusive finance can better promote farmers' entrepreneurship. Urbanization level, economic openness and regional economic development level have a significant positive effect on farmers' entrepreneurship, while farmers' income and education level have a significant negative effect on farmers' entrepreneurship. It is possible to promote farmers' entrepreneurship by improving the inclusive development level of inclusive finance, combining urbanization, increasing government investment in productive fixed assets, increasing economic openness and improving regional economic development.
Highlights
Since the “2005 International Year of Microcredit” first proposed inclusive finance, inclusive finance has been widely recognized as a financial development strategy by all countries in the world[1]
The government can make more emphasis on “blind spots” that farmers have difficulty covering in the past by promoting inclusive finance, which is beneficial to the promotion of farmers’ entrepreneurship and is beneficial to the development of rural economy
Kernel density estimation is a non-parametric estimation method that can analyze the trend of the distribution pattern of the research object with respect to time
Summary
Since the “2005 International Year of Microcredit” first proposed inclusive finance, inclusive finance has been widely recognized as a financial development strategy by all countries in the world[1]. In 2016, the State Council of China issued the “Promoting Inclusive Financial Development Plan (2016–2020)”, which proposed the overall goal of China’s development of inclusive finance. One of the main problems faced by farmers in the process of entrepreneurship is financing constraints. Under this circumstance, the government can make more emphasis on “blind spots” that farmers have difficulty covering in the past by promoting inclusive finance, which is beneficial to the promotion of farmers’ entrepreneurship and is beneficial to the development of rural economy.
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