Segmentation of Urban-rural Factor Markets,Digital Inclusive Finance and Resource Allocation Efficiency
Digital inclusive finance,characterized by its cross-regional nature,can mitigate the impediments posed by the urban-rural dual structure to the effective allocation of resources to a certain extent.This study employs inter-provin-cial panel data from 2009 to 2018 and conducts empirical analysis using the Feasible Generalized Least Squares(FGLS)model.The findings indicate that the segmentation of urban and rural factor markets primarily hinders the enhancement of resource allocation efficiency by obstructing the migration of rural labor factors to urban areas and the flow of urban cap-ital factors to rural areas.Digital inclusive finance not only exerts a direct impact on resource allocation but also has the capacity to counteract the negative effects of urban-rural factor market segmentation on resource allocation efficiency.Further analyses reveal that the regulatory effects of digital inclusive finance are notably evident in sub-dimensions such as the breadth of usage,the extent of digital support services,and the synergy of financial products.Moreover,this regu-latory effect persists even in scenarios where infrastructure is inadequate,regional factor endowments are capital-inten-sive,and unemployment rates are high.
万方数据
维普
