Research On The Impact Of Digital Inclusive Finance On The Income Gap Between Urban And Rural Areas In Shandong Province

In recent years,the economy of Shandong Province has achieved rapid development,its economic status has become increasingly prominent,and the income of both urban and rural residents has achieved rapid growth.But at the same time,the problem of excessive income gap between urban and rural residents in Shandong Province is still prominent.Excessive urban-rural income gap will hinder high-quality economic and social development.How to alleviate the urban-rural income gap is a top priority.The emergence of inclusive finance has promoted the fair and effective allocation of financial resources between urban and rural areas,and provided a new path for alleviating the urban-rural income gap.The proposal of inclusive finance aims to build a more inclusive financial service system that can provide financial services to a wider range of people.However,because the business development of inclusive finance is easily limited by time and space,the traditional development model has faced bottlenecks.With the innovative application of digital technologies such as the Internet,the business development of inclusive finance has a more efficient path,and digital inclusive finance came into being.Compared with inclusive finance,digital inclusive finance can get rid of the constraints of the number of outlets,service time and other conditions in the process of financial service development,promote the coverage of financial services,making the service subjects more diverse,and play a significant role in promoting the income growth of marginal groups such as rural residents.Since the introduction of digital inclusive finance,Shandong Province has actively promoted the implementation,successively issued a number of relevant policies,and the rapid advancement of digital infrastructure construction has promoted the vigorous development of digital inclusive finance in Shandong Province.So,can the development of digital inclusive finance effectively alleviate the income gap between urban and rural areas in Shandong Province? To this end,this thesis conducts an empirical study on this through panel data in Shandong Province.This thesis firstly reviews the existing research,and finds the shortcomings of the current research and finds the breakthrough point of the research.Secondly,it analyzes the development of digital financial inclusion in Shandong Province and the present situation of the urban-rural income gap,which lays a realistic foundation for the research of this thesis.Third,through the elaboration of relevant research theories and mechanism analysis,it reveals how digital financial inclusion affects the urban-rural income gap.Then,in the empirical link,using the panel data of various cities in Shandong Province,by constructing a panel regression model,a mediation effect model,a threshold effect model and other econometric models,the relationship between the development of digital inclusive finance in Shandong Province and the urban-rural income gap is analyzed.A detailed study was carried out.The relationship between the gaps has been carefully studied.The research conclusions show that: first,on the whole,the development of digital inclusive finance can significantly reduce the income gap between urban and rural areas in Shandong Province,from the empirical results of different dimensions,the reduction effect of the breadth of coverage is the most significant;second,in the western part of Shandong Province,digital financial inclusion did not have a significant impact on the urban-rural income gap,but in the eastern and central regions,it played a significant role in reducing;third,digital inclusive finance can promote poverty alleviation of rural residents through the poverty alleviation mechanism,thereby reducing the income gap between urban and rural areas;fourth,increased Internet access can positively impact the value of digital financial inclusion.Finally,based on the conclusions of this thesis,relevant policy suggestions are put forward in terms of promoting the construction of digital inclusive financial infrastructure,promoting balanced development,and strengthening industry supervision.