Digital Financial Development,Economic Double Circulation and the Common Prosperity of Farmers and Rural Areas
Based on the data of 265 cities at the prefecture level and above in China from 2011 to 2022,this paper deeply explores the impact of digital finance development on the common prosperity of farmers and rural areas with the help of econometric model,and examines the mechanism of economic double circulation.The benchmark regression results show that digital financial development can significantly promote the common prosperity of farmers and rural areas.The mechanism test results show that digital financial development can indirectly promote the common prosperity of farmers and rural areas through the economic double circulation.The heterogeneity analysis results prove that the promotion effect of digital financial development on the common prosperity of farmers and rural areas is more significant in areas with high urbanization levels.In view of this,some relevant suggestions are put forward,such as continuously promoting the supply-side structural reform of digital financial,actively giving full play to the enabling effects of economic internal circulation and external circulation,and helping digital financial development in accordance with local conditions,so as to provide reference for promoting the common prosperity of farmers and rural areas.
the common prosperity of farmers and rural areasdigital financial developmentinternal economic circulationexternal economic circulation