Has Digital Inclusive Finance Helped Achieve Common Prosperity in Rural Areas?——From the Perspectives of Digital Financial Capabilities and Farmers'Entrepreneurial Synergy
Has Digital Inclusive Finance Helped Achieve Common Prosperity in Rural Areas?——From the Perspectives of Digital Financial Capabilities and Farmers'Entrepreneurial Synergy
Common prosperity is the essential for Chinese modernization,and achieving overall prosperity and shared prosperity is the requirement for achieving common prosperity.Based on the rural micro data and digital financial inclusion index of the China Household Finance Survey(CHFS)in 2015,2017 and 2019,this paper empirically examines the impact of digital financial inclu-sion on rural common prosperity by using a fixed-effect model and a panel threshold regression model.The results show that:(1)digital inclusive finance has a promoting effect on regional rural economic development,but only the breadth of coverage shows a narrowing effect on the individual income gap.Digital inclusive finance has significantly increased the probability of rural house-holds entering the middle-and high-income groups and the household income level of low-income rural households,which is con-ducive to promoting common prosperity.(2)Digital financial capabilities and rural entrepreneurship will weaken and moderate the positive relationship between digital inclusive finance and shared wealth and overall prosperity.(3)There is a double-threshold ef-fect on the impact of digital inclusive finance on rural common prosperity.The results of heterogeneity show that the effect of digital inclusive finance on shared prosperity shows a trend of the east>the middle>the west.The effect of digital inclusive finance on overall prosperity is the middle>the west>the east.In view of this,measures such as improving the financial infrastructure in backward areas,improving the digital financial capacity of low-income groups,and formulating regional digital inclusive finance development strategies according to local conditions can help to achieve common prosperity.
关键词
数字普惠金融/共同富裕/数字金融能力/农户创业
Key words
digital financial inclusion/common prosperity/digital financial capabilities/farmers start businesses
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