Analysis of the Impact of Circulation Digitization on Narrowing the Rural-Urban Consumption Gap——Empirical Evidence from Provincial Panel Data and Spatial Durbin Modeling
Based on the panel data of 31 provinces(cities and districts)in China from 2013 to 2021,we empirically test the impact of circulation digitalization on the consumption gap between urban and rural residents using panel fixed-effects model,spatial Durbin model,and panel threshold model.The study shows that:the digitalization of circulation can significantly reduce the urban-rural consumption gap,and this effect still holds after the robustness test;the spatial spill-over effect of the digitalization of circulation in reducing the urban-rural consumption gap is significant,and this effect is stronger than the direct effect;the increase in the degree of marketization can effectively reduce the urban-rural consump-tion gap in the province,and the increase in the level of financial development can help to reduce the urban-rural con-sumption gap in the neighboring provinces;the effect of the digitalization of circulation on the urban-rural consumption gap has a nonlinear effect with digital financial inclusion as the threshold variable.Accordingly,policy insights are pro-vided in terms of continuing to promote the efficient and in-depth organic integration of digital technology and the circula-tion industry;optimizing the layout of the circulation network on the basis of city clusters and metropolitan areas,etc.;and actively promoting the development of digital inclusive finance and continuously improving the degree of regional marketi-zation.
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