The Research of Internet Finance Supporting Targeted Poverty Alleviation Innovation Model

Juan Shang, Huangrui Du

Abstract: the targeted poverty alleviation is the important strategy of poverty alleviation in our country on present stage. Internet financial is emerging in the financial strength, and it has great potential to support the targeted poverty alleviation. Reference related theory research, this paper analyzes on the advantages of the Internet financial supporting targeted poverty alleviation. connecting with the Internet financial impact on rural finance, the paper use EViews9.0 software to build VAR model and impulse response function analysis of rural financial poverty relief effect. Results show that Internet financial by expanding farmers loan scale and improve financial efficiency has a positive effect on poverty alleviation work, but the existing Internet financial poverty alleviation have limitations hindered its effect on precision of poverty alleviation. To overcome the limitations, and give full play to its advantages, this paper suggests a model of Internet financial support precision for innovation, make it as accurate provide strong financial support for poverty alleviation.

Keywords: Internet finance, Targeted poverty alleviation, VAR model, Impulse response function, Innovation mode