Author(s)

Jianqiong Peng, Zhoubo Wang

Corresponding Author

Jianqiong Peng

Abstract

Using the panel data from 2000 to 2016, this paper analyzes the relationship between financial development efficiency, scale and poverty reduction in ethnic areas of China. It is found that the scale of financial development is positively correlated with poverty reduction, while financial development efficiency is negatively correlated with it. Economic growth, industrial structure, urbanization level, fixed asset investment and poverty alleviation are significantly positively correlated. It is proposed that financial institutions should adjust their business models, innovate financial products, and increase their support for regional industries.

Keywords

Financial Development Scale, Efficiency, Poverty Reduction, Ethnic Areas