Impact of digital financial inclusion on common prosperity and its regional heterogeneity:a perspective of prosperity,equality,and shared collaboration
Impact of digital financial inclusion on common prosperity and its regional heterogeneity:a perspective of prosperity,equality,and shared collaboration
From the systemic perspective,this study elucidates the connotation of common prosperity,constructs and measures a Common Prosperity Index including the subsystem of wealth,equality and sharing,and analyzes the theoretical mechanism of digital inclusive finance influencing common prosperity.Based on the provincial panel data from 2011 to 2020,an empirical test was conducted employing the Generalized Method of Moments(GMM)methodology.The findings reveal that digital financial inclusion significantly promotes affluence,equality and sharing,and is conducive to promoting the common prosperity of all people.Robustness checks consistently support this conclusion.Digital inclusive finance has significantly enhanced the comprehensive coordination and effective coupling of the subsystems of common prosperity,highlighting the necessity of synergistically promoting common prosperity from a systemic perspective.Heterogeneity analysis shows that the promotion effect of digital inclusive finance on common prosperity is more substantial in the eastern region,with a time-varying feature of diminishing impact over time.The promotion effect successively decrease with the breadth of coverage,depth of usage,and level of digitization.
关键词
数字普惠金融/共同富裕/统计测度/耦合协调度
Key words
digital inclusive finance/common prosperity/statistical measure/coupling coordination
万方数据