Teaching People to Fish is Better than Giving them Fish:Digital Financial Inclusion,Human Capital,and Shared Prosperity
Benefiting from the rapid development of the digital economy,China's digital financial inclusion has become more diversified in terms of its functional positioning and service targets,and the availability of financial ser-vices for rural residents has been greatly enhanced,giving impetus to the revitalization of the countryside and common prosperity in the new era.This paper first theoretically analyzes the mechanism of the role of digital inclusive finance in raising the income of rural residents and reducing the income gap between urban and rural areas,and then tests the the-oretical hypotheses by applying the digital inclusive finance index of Peking University from 2013 to 2020 and the rele-vant data from 245 prefectural-level cities.The results of the study show that the development of digital inclusive fi-nance can significantly reduce the urban-rural income gap in China.The mechanism for this is that digital inclusive fi-nance improves the level of human capital and allows rural residents to reach more development opportunities through financial services,which further contributes to the continuous narrowing of the urban-rural income gap.Finally,the article puts forward policy recommendations to promote digital financial inclusion in a deeper and more practical way.
digital inclusive financehuman capitalurban-rural income gap
万方数据
维普
