摘要
共同富裕是中国式现代化的本质要求,作为金融发展的新业态,融合了数字性和普惠性的数字普惠金融发展能否为共同富裕的实现提供抓手,值得高度关注.利用2013-2019年面板数据,基于发展与共享的核心内涵构建的指标体系测度了地级市共同富裕水平,对数字普惠金融的共同富裕效应进行了检验.基准检验发现,数字普惠金融能够促进共同富裕,且这种效应在城市群地区更加明显,在缓解内生性、变换样本、调整变量及更换实证模型重新检验后,该结果依然稳健.机制分析表明,城市群内部主要通过降低来自地理距离、文化距离的交易成本增强数字普惠金融的共同富裕效应.异质性分析显示,数字普惠金融的共同富裕效应在成熟型城市群、多中心城市群、东部城市群更加明显.分维度回归揭示,城市群政策主要激活了数字普惠金融使用深度、数字化程度对共同富裕的作用.最后,从推进数字普惠金融发展、加快城市群建设、结合城市群发展特征制定政策、激活金融行业数据要素市场等方面,提出增强数字普惠金融共同富裕效应的有效路径.
Abstract
Common prosperity is the essential requirement of Chinese modernization.As a new form of financial development,whether the development of digital inclusive finance,which integrates digital and inclusive,can provide a starting point for the realization of common prosperity,deserves great attention.For this purpose,the paper first constructs a two-sector model including institutional factors for analysis,and puts forward relevant research hypotheses.Then,using the panel data from 2013 to 2019,based on the core connotation of development and sharing,the index system is constructed to measure the common prosperity level of prefecture-level cities,and the common prosperity effect of digital inclusive finance is tested.The benchmark test found that digital financial inclusion can promote common prosperity,and this effect is more obvious in urban agglomeration areas,and the result is still robust after easing endogeneity,transforming samples,adjusting variables and replacing empirical models for regression.The mechanism analysis shows that the common prosperity effect of digital inclusive finance is enhanced mainly by reducing transaction costs from geographical distance and cultural distance within urban agglomerations.Heterogeneity analysis shows that the common prosperity effect of digital inclusive finance is more obvious in mature urban agglomerations,multi-center urban agglomerations and eastern urban agglomerations.The fractal regression reveals that urban agglomeration policies mainly activate the effects of the depth of digital inclusive finance use and the degree of digitalization on common prosperity.Finally,from the aspects of promoting the development of digital inclusive finance,accelerating the construction of urban agglomeration,formulating policies according to the development characteristics of urban agglomeration,and activating the data factor market of the financial industry,the paper proposes an effective path to enhance the common prosperity effect of digital inclusive finance.
基金项目
江苏省高校哲学社会科学研究重大项目(2020SJZDA049)
国家科技期刊平台
NSTL
万方数据