Research on the effect of Urban-Rural Financial Development Gradient Difference on Rural Residents'income
Given the insufficient attention to the spillover financial behavior of"urban financial development"in the theory of financial development,this paper,based on dual perspectives of"urban financial development"and"rural financial develop-ment,"utilizes provincial panel data from 2003 to 2021 to investigate the impact of the gradient difference in urban and rural financial development on the income of rural residents.The study found that,(1)in the benchmark model regression,urban fi-nancial development is more conducive to improving the income of rural residents than rural financial development.(2)The study on the threshold effect finds a single threshold when the number of urban labor is used as the threshold variable.When it is lower than the threshold value,rural financial development is more conducive to improving the income of rural residents.There are double thresholds when economic development is used as the threshold variable.When it is lower than the first threshold,rural financial development is more conducive to raising the income of rural residents.When it is higher than the first threshold and lower than the second threshold,urban financial development is more conducive to raising the income of ru-ral residents.When it is higher than the second threshold,rural financial development is more conducive to raising the in-come of rural residents.(3)Spatial effect analysis found that,at the national level,urban financial development in the sur-rounding areas contributes to increasing the income of rural residents in the region.In the central and western regions,the de-velopment of urban finance in the surrounding areas helps increase the income of rural residents in the region.Therefore,there is a need to promote urban financial development and adhere to rural financial development to ultimately achieve the goal of"common prosperity."
Urban and Rural Financial DevelopmentUrban Financial DevelopmentRural Financial DevelopmentRural Residents'income
万方数据
维普
