具有普惠金融内涵的金融发展与城乡收入分配的失衡调整——基于VEC模型的实证研究

Financial Development with Inclusive Financial Connotation and the Adjustment of Urban-Rural Income Distribution Imbalance——An Empirical Study Based on VEC Model

利用2004-2013年的相关数据,测算了中国的普惠金融发展指数,并在此基础上建立了VEC模型及脉冲响应函数,得到以下结论：普惠金融发展程度与中国城乡居民收入分配差距之间存在着长期均衡关系,金融普惠特别是农村金融普惠程度的提高对降低城乡收入比,改善城乡收入分配状况发挥显著的正向作用,金融服务范围维度在现阶段中国普惠金融的发展中更能起到主导效应。要改善目前城乡收入分配失衡的状况,必须促进具有普惠金融内涵的金融发展,尤其要创建农村普惠性金融体系。

By using the related data from 2004 to 2013,the article estimates the inclusive financial development index of China,and based on this,a VEC model and impulse response function are constructed. The conclusions are： there is a long-term equilibrium relationship between the inclusive financial development degree and the income distribution gap of urban and rural residents. The improvement of inclusive finance,especially the rural inclusive finance plays a significant positive role in reducing urban-rural income ratio and improving income distribution in urban and rural areas; the dimension of financial service range plays a dominant part in the development of China＇s inclusive finance at present stage. To improve the urban-rural income distribution imbalance,China should promote the financial development with inclusive financial connotation,especially the creation of a rural inclusive financial system.