Fiscal and Financial Input and Urban-Rural Income Gap:A Perspective from Rural Revitalization
Reducing regional disparities in fiscal and financial inputs and enhancing the intensity and efficiency of fiscal and financial support for agriculture are current practical requirements for the comprehensive implementation of China's rural revitalization strategy and the goal of achieving common prosperity.This paper uses provincial panel data from China for the years 2007-2020 as its research sample and investigates both theoretically and empirically the impact of fiscal and financial inputs on the urban-rural income gap,with a particular focus on revealing the underlying mechanisms.The study finds that increased fiscal and financial support for agriculture significantly contributes to narrowing the urban-rural income gap through a synergistic effect.Enhancing the level of agricultural industrialization and rural employment rate is a synergistic mechanism for both to improve overall farmer income levels and narrow the urban-rural income gap.Heterogeneity analysis shows that the synergistic effect of fiscal and financial support for agriculture in reducing the urban-rural income gap is particularly evident in the central and western regions,regions with higher levels of factor market development,and regions with higher levels of agricultural development.The findings of this paper not only provide empirical evidence that fiscal and financial inputs help to reduce the urban-rural income gap and advance common prosperity,but also offer theoretical insights into how these efforts can be further coordinated to effectively serve the rural revitalization strategy and promote the integrated development of urban and rural areas.
rural revitalizationfiscal support for agriculturefinancial support for agricultureurban-rural income gapcommon prosperity
NETL
NSTL
万方数据
