Based on the Thousands Villages Investigation of 2015 by Shanghai University of Finance and Economics, and from a perspective of the large concept of inclusive finance, this paper measures inclusive finance by penetration, usage and effectiveness, and takes policy support, grass-roots work and infrastructures to measure active government. Then it analyzes the effect of the active governments on inclusive finance and regional differences, and arrives at the results as follows:firstly, the development of rural inclusive finance is the best in East China, and the governments in West China are the most active ones; secondly, the core of inclusive finance is to improve the usage of finance services, especially the usage of banking services; thirdly, but as an active government, it should be active comprehensively; fourthly, the active governments can be useful to enhance the inclusive finance significantly, but government support mainly in the way of subsidies with a threshold does not always promote the development of inclusive finance and should be used cautiously; fifthly, in the development of inclusive finance, West China should increase the construction of financial infrastructures and improve the policy support, and East China should strengthen the work of the grassroots governments.
"Active Government" and the Development of Rural Inclusive Finance: Based on "Thousands Villages Investigation" of SUFE 2015
Journal of Finance and Economics Vol. 42, Issue 12, pp. 72 - 83 (2016) DOI:10.16538/j.cnki.jfe.2016.12.007
Cite this article
Su Fang, Fang Lei. "Active Government" and the Development of Rural Inclusive Finance: Based on "Thousands Villages Investigation" of SUFE 2015[J]. Journal of Finance and Economics, 2016, 42(12): 72–83.