An Empirical Study On Digital Financial Inclusion And Urban-Rural Income Gap In China

The high-quality development of an economy and society is not only reflected in the continuous growth of economic aggregate,but also reflected in the fruits of development shared by the vast number of residents.Therefore,a reasonable income distribution pattern is an important guarantee for the sustainable development of the economy.However,the excessive income gap between urban and rural areas has become a characteristic fact in China’s economy and society,which is the important constraint for China’s sustainable economic development.In recent years,the emergence of digital financial inclusion provides a new perspective for finance to help the convergence of urban-rural income gap.The rapid development of mobile Internet and the rapid popularization of smart phones have created a solid foundation of digital technology.Digital finance developed on this basis,with the advantages of convenience of digital technology and security of financial services,quickly occupies a place in the financial market and has a huge impact on the financial system.Digital finance obtains customers through e-commerce or social networks and provides financial services on the basis of broad coverage.The bottom-up service mode makes digital finance directly face the vast number of customers who are rejected by traditional finance,so it has the nature of universal benefit.Digital financial inclusion mainly targets vulnerable groups who are excluded by traditional finance.Rural residents with low income are naturally among its targets.Convergence of urban-rural income gap should also be one of the responsibilities of digital financial inclusion.This paper first reviews the theories and literature related to digital financial inclusion and urban-rural income gap,and sorts out the context of the development of digital financial inclusion,and defines the connotation of digital financial inclusion.On this basis,a theoretical model is constructed to further intuitively reflect the relationship between digital financial inclusion and urban-rural income gap.In the empirical analysis,using Chinese macro data,panel regression model,spatial econometric model and other econometric model tools,we empirically test the possible structural effects and spatial effects in the process of the impact of digital financial inclusion on urban-rural income gap.Based on the combination of qualitative analysis and quantitative analysis,the corresponding conclusions are drawn.Based on the conclusions,this paper puts forward targeted policy suggestions and prospects for the subsequent research work.