Analysis of the impact and mechanism of digital finance on common prosperity
Based on the panel data of 31 provinces(excluding Hong Kong,Macao and Taiwan)in China from 2013 to 2022,this paper uses the two-way fixed effects model,mediating effect model and threshold effect model to analyze the impact of digital finance on common prosperity.The findings show that digital finance can significantly improve the level of common prosperity.In the process of digital finance promoting common prosperity,both the upgrading of industrial structure and tax level play significantly mediating effects.Compared with the central and western regions,digital finance has a stronger role in promoting common prosperity in the eastern region.From the three dimensions of digital finance,the depth of use has the greatest effect on promoting common prosperity,followed by the breadth of coverage,and the degree of digitalization is the least.Digital finance,innovation factor clustering and opening to the outside world have a threshold effect on common prosperity.According to the findings,suggestions are put forward to further increase the development of digital finance,accelerate the optimization and upgrading of industrial structure,and formulate reasonable tax policies and differentiated digital finance development strategies,so as to promote the development of common prosperity.
common prosperitydigital financeupgrading of industrial structure
万方数据
