| In recent years,with the deepening of China’s reform and opening-up process,the uneven distribution of income caused by the dual structure of urban and rural economic development has become a long-term problem.Therefore,the government has been committed to the development of Inclusive Finance at all levels to alleviate the income gap between urban and rural areas in order to achieve reasonable allocation of resources and effectively alleviate poverty.However,the traditional inclusive financial services need to rely on a number of physical outlets to serve inclusive financial users,which inevitably increases the cost of financial services.In addition,the strict credit evaluation standards in rural areas also raise the threshold of financial services for low-income groups.Therefore,the service quality of the traditional Inclusive Finance is limited both in terms of business profit model and risk control.In this context,this paper focuses on the impact of digital Inclusive Finance as a new situation of Inclusive Finance and Internet integration on urban-rural income gap,and considers the threshold effect,exclusion effect,poverty reduction effect and other aspects,with a view to providing reference for the government in formulating policies.Based on the research of traditional Inclusive Finance and Internet finance,this paper first summarizes the reality of the development of digital Inclusive Finance in China,and then summarizes the existing digital financial means and paths.Secondly,it summarizes the main functions of digital Inclusive Finance in China,including enhancing the accessibility of financial services,reducing the cost of financial services,and enhancing risk control.Strength and other aspects.It also interprets the index system of digital Inclusive Finance issued by Peking University in detail,and compares the development of digital Inclusive Finance in different regions and periods in China.Thirdly,the impact mechanism of digital Inclusive Finance on urban-rural income gap is elaborated,and the threshold effect,exclusion effect and poverty reduction effect are summarized,which lay a theoretical foundation for theempirical test in the following article.Finally,in the empirical test part,this paper chooses the data of all provinces in China from 2011 to 2015,chooses relevant control variables,constructs a fixed-effect balanced panel regression model to test the overall effect,threshold effect,exclusion effect and poverty reduction effect of digital Inclusive Finance on urban-rural income gap,and makes a detailed analysis of the empirical results and puts forward relevant policy recommendations.From the results,the development of digital Inclusive Finance in China has a significant convergence effect on the income gap between urban and rural areas.Compared with traditional inclusive finance,digital Inclusive Finance has obvious advantages in permeability,availability and sustainability.Through the empirical test of the three impact mechanisms,we can see that the threshold effect of digital Inclusive Finance has the most significant effect on the convergence of urban-rural income gap among the three mechanisms,and the depth and coverage also have a driving effect on the narrowing of the urban-rural income gap,and there is no significant difference in the impact of the two mechanisms.Therefore,based on the final results of this empirical test,this paper puts forward some suggestions for the future development of digital Inclusive Finance in China by analyzing the correlation coefficient.Firstly,in terms of lowering the threshold of financial services,the government should focus on increasing Internet investment in poor rural areas,increasing the coverage of Internet financial services,lowering the threshold of financial services,enabling more rural residents and low-income groups to enjoy the benefits of digital inclusive finance,and encouraging low-income groups to access financial services through digital financial channels. |
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