Impact of Digital Inclusive Finance on Farmers'Common Prosperity in Rural Areas——Mediating Role of Regional Consumption Level and Consumption Upgrading
Impact of Digital Inclusive Finance on Farmers'Common Prosperity in Rural Areas——Mediating Role of Regional Consumption Level and Consumption Upgrading
Common prosperity is one of the essential requirements of Chinese path to modernization,and common prosperity of farmers and rural areas is the key to achieve common prosperity in China.Taking the Jiangsu section of the Beijing Hangzhou Grand Canal as the object,based on the 2017-2021 Peking University Digital Inclusive Finance Index data and relevant statistical data from Jiangsu Province,using fixed effect models and intermediary effect models,the impact of the development of digital inclusive finance on the common prosperity of farmers and rural areas in the Grand Canal area,as well as the mediating effect model of regional consumption level and rural farmers'consumption upgrading were empirically studied.Research had found that the development of digital inclusive finance could increase the income of rural farmers in the Jiangsu section of the Beijing Hangzhou Grand Canal,significantly narrowing the income gap among rural farmers in the region,but increasing the income gap between economically developed and underdeveloped regions,because of"digital divide".The impact of digital inclusive finance development in northern Jiangsu was significant,while the impact in southern Jiangsu was not significant.The mechanism test results indicated that the development of digital inclusive finance could affect the common prosperity of farmers and rural areas in the Grand Canal region through two paths:improving the overall consumption level of the region and promoting the upgrading of rural residents'consumption.Therefore,optimizing the rural financial environment to enhance the breadth and depth of digital inclusive finance;strengthening coordinated infrastructure development between Southern Jiangsu and Northern Jiangsu to narrow the"digital divide"and the"education gap";improving farmers'digital financial literacy and usage capabilities,and encouraging their participation in digital financial services,in order to provide policy references and practical insights for promoting regional coordinated development and shared prosperity.
关键词
数字普惠金融/农民农村/共同富裕/中介效应模型
Key words
digital inclusive finance/rural farmers/common prosperity/mediating effect model
万方数据