Digital economy enabling common prosperity:Based on quantile regression
The process of promoting common prosperity in China coincides precisely with the period of rapid development of digital economy,which serves as a critical engine for economic growth in the new era and a significant force to promote common prosperity in high quality development.Based on the essence of digital economy,this paper constructs a digital economy development index.Employing micro-level Chinese household data and quantile regression anal-ysis,this paper thoroughly investigates the impact and mechanisms of the digital economy on common prosperity.This study finds that the digital economy significantly increases resident income,and there is significant heterogeneity among different income groups.Compared to high-income groups,the digital economy has stronger effect on low-income groups.Mechanism analysis indicates that the inclusiveness of the digital economy reduces the barriers to financial services,creating equal development opportunities for low-income groups,enhancing entrepreneurial activ-ity,promoting job growth,and providing more employment opportunities.Moreover,the digital economy facilitates the shift of the rural labor force towards non-agricultural sectors,which is pivotal in increasing rural household income and reducing income inequality.This paper provides empirical evidence on how the digital economy empowers common prosperity,and also provides policy recommendations for the government to steadfastly advance common prosperity.
digital economycommon prosperityincome inequalityentrepreneurial activity
NETL
NSTL
万方数据
