Digital Finance Enables Urban and Rural Integration—The Intermediary Effect Based on the Allocation of Financial Resources
Based on the panel data of 30 provinces,autonomous regions and municipalities in China from 2011 to 2021,whether digital finance could promote the common prosperity and integrated development of urban and rural areas was empirically analyzed,and the intermediary effect model was used to test the indirect role of financial resource allocation level in the process of digital finance promoting urban-rural integration.The results showed that digital finance could significantly promote the development of urban and rural integration.According to the heterogeneity test analysis,the effect of digital finance in promoting urban-rural integration development had regional heterogeneity in the eastern,central and western regions.The intermediary effect test found that improving the allocation level of financial resources was the key path for digital finance to affect the integration of urban and rural development.Therefore,it was suggested that financial institutions should actively adapt to the development of the times and realize self-reform.Relevant departments should promote the construction of digital infrastructure and formulate policies for the transfer of financial resources.
digital financeurban and rural integrationfinancial resource allocation levelintermediate effect model
万方数据
