The Impact of Digital Financial Inclusion on Common Prosperity in the Yangtze River Economic Belt—An Empirical Test based on the Mediating Effect of Entrepreneurial Activity
For a deeper understanding of the impact and mechanism of digital financial inclusion on common prosperity,this article constructs the Yangtze River Economic Belt Urban Common Prosperity Index and uses the panel data from 110 cities from 2011 to 2020 to study the impact of digital financial inclusion on common prosperity to analyze its impact mechanism.The empirical results are as follows.The empirical results indicate that:(1)Digital inclusive finance can effectively promote common prosperity,and this conclusion still holds after considering robustness and endogeneity.(2)Digital inclusive finance enhances the level of common pros-perity by increasing entrepreneurial activity.(3)The non-linear impact of digital inclusive finance on common prosperity is moder-ated by entrepreneurial activity.(4)The coverage,depth of use,and degree of digitization of digital inclusive finance can all en-hance the level of common prosperity.Among them,the degree of digitization has the most significant promoting effect on common prosperity.(5)The promotion effect of digital inclusive finance on common prosperity is more significant in the lower reaches of the Yangtze River Economic Belt.In summary,the government should further increase the coverage,depth of use,and degree of digiti-zation of digital inclusive finance,and consolidate its development.Encourage mass entrepreneurship,improve the business envi-ronment required for entrepreneurial activities,and play a positive role in entrepreneurial activity.Make differentiated digital inclu-sive finance development strategies,implement policies according to local conditions to promote the level of common prosperity.
digital financial inclusioncommon prosperityeconomic growthmechanism test
NETL
NSTL
万方数据
