The Common Prosperity Effect of Digital Financial Inclusion:From the Perspective of Urban-rural Income Gap
At this phase,digital inclusive finance plays an essential function in advancing the high-quality development of the econ-omy,and is a significant driving force in setting up a new development pattern for the new era.Based on the empirical a-nalysis of panel data from 2013 to 2021,this paper explores the total,structural and spatial effects of digital inclusive fi-nance on the urban-rural income gap.The results of the study show that digital inclusive finance can significantly narrow the urban-rural income gap overall.On this basis,different structures of digital inclusive finance have different effects on the urban-rural income gap,in which there are differences in the effects of breadth of coverage,depth of use,and de-gree of digitization;microcredit,microfinance,and microinvestment significantly narrow the urban-rural income gap,and microinsurance widens the urban-rural income gap;furthermore,digital inclusive finance has a strong negative spa-tial spillover effect on the urban-rural income gap,and is able to have a positive effect on the urban-rural income gap in neighboring areas.It positively affects the urban-rural income gap in neighboring regions.Therefore,it is of great signifi-cance to actively accelerate the research on the impact of digital financial inclusion on the implementation of the rural re-vitalization strategy and the promotion of common prosperity in China.
digital financial inclusioncommon prosperityurban-rural income gapspatial effect
万方数据
维普
