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Table 1.

Descriptive statistics of household poverty and vulnerability.

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Table 2.

Results of factor analysis.

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Table 3.

Descriptive statistics of variables.

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Table 4.

Primary estimation results of financial inclusion on household poverty and vulnerability.

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Table 5.

Estimation results of instrumental variables.

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Table 6.

Whether financial inclusion is a " more flowers on the brocade" or " fuel in snowy weather" (2SLS estimates).

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Table 7.

Tests on the mechanism of the impact of financial inclusion on household poverty (2SLS estimates).

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Table 8.

Tests on the mechanism of the impact of financial inclusion on vulnerability (2SLS estimates).

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Table 9.

Financial inclusion and precision poverty reduction (2SLS estimates).

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Table 10.

Impact of financial inclusion on vulnerability to community shocks.

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