RESEARCH ON THE IMPACT OF DIGITAL FINANCIAL INCLUSION ON INTRA-RURAL INCOME GAP——AN EMPIRICAL ANALYSIS BASED ON THE PERSPECTIVE OF LIVELIHOOD RESOURCE DIVERSIFICATION
To identify the role of digital inclusive finance in narrowing the intra-rural income inequality in the process of promoting the common prosperity of farmers in rural areas,and to explore its mechanism from the perspective of diversified allocation of livelihood resources for farmers.The Digital Inclusive Finance index and China Family Panel Studies(CFPS)were combined to construct a relative deprivation index to measure the degree of income inequality of rural households,and a panel Tobit model was used to examine the impact of digital financial inclusion on the internal income gap in rural areas,and a mediation model was used to examine the mechanism of digital financial inclusion from the perspective of diversified allocation of livelihood resources.The results were listed as follows.Digital inclusive finance could effectively slow down the relative income deprivation of rural households,and then narrowed the internal rural income gap,every 1%increased in the digital inclusive finance index,the relative income deprivation level of rural households decreased by 7.87%,and the result was still credible through a series of robustness tests;livelihood resource diversification was an important mechanism for the digital inclusive finance to narrow the internal rural income gap,and the digital inclusive finance diversification of livelihood resources was an important mechanism for reducing the internal rural income gap,and 11.85%of the gap reduction effect of digital financial inclusion could be explained by this channel of action;the effect of digital financial inclusion on reducing the internal rural income gap was also obviously heterogeneous,with male heads of household and heads of household under the age of 45,as well as those with a high proportion of non-farm employment and a large degree of part-time employment,obtaining a greater"dividend"from the reduction of the gap in digital financial inclusion.Therefore,as a new type of financial supply method,the government should vigorously promote the development of digital inclusive finance in rural areas,implement rural digital financial policies tailored to local conditions,encourage the diversified allocation of livelihood resources for rural households,and improve their income levels by coping with risks through multiple channels,thus narrowing the internal income gap in the countryside and helping to promote common prosperity.
digital inclusive financelivelihood resource diversificationrural income gapKakwani indexcom-mon prosperity
NETL
NSTL
万方数据
