Research On The Influence Of Digital Inclusive Finance On The Income Of Shanxi Residents

At present,China’s economic development has entered the stage of improving quality and reducing speed.It is particularly important to realize the efficient operation of the social economy and improve the level of residents’ income.The digital inclusive finance developed based on big data and network technology provides a solution to the problem of inefficient economic operation.Digital inclusive finance is an important part of China’s current digital economy and an important guarantee for the healthy development of China’s social economy and financial industry.With the completion of a moderately prosperous society in China in 2020,the goal of developing digital inclusive finance in China has gradually changed to promote high-quality economic development,improve the level of residents’ income,and improve social productivity.At the same time,common prosperity has become the next theme of China’s development.Therefore,digital inclusive finance has become a new engine to promote economic development in China.It is of practical significance to study the impact of digital inclusive finance on residents’ income;Shanxi has a single economic structure,mainly focusing on agriculture and heavy industry.Therefore,exploring the impact of digital inclusive finance on the income of urban and rural residents in Shanxi can enrich the regional research of digital inclusive finance.The main research methods of this paper include literature research,theoretical analysis and empirical analysis.Firstly,this paper combs and summarizes the relevant views of digital inclusive finance and residents’ income at home and abroad,and analyzes the relevant concepts,theoretical basis and impact mechanism of the impact of digital inclusive finance on residents’ income,and puts forward five assumptions based on the impact mechanism,Then the panel data is constructed based on the data of 11prefecture-level cities in Shanxi Province from 2011 to 2020 and the inclusive financial index of Peking University Digital Center.The panel data regression model is used to first carry out benchmark regression on the sample data,explore the impact of digital inclusive finance on the overall income of urban and rural residents in Shanxi,and then conduct heterogeneity analysis: divide the whole sample into urban and rural residents,large cities and small and medium-sized cities The impact of the three different dimensions of the coverage,depth of use and degree of digitalization of digital inclusive finance on the income of urban and rural residents in Shanxi Province is analyzed,and analyze the causes for the differences.Finally,the robustness test of the model is carried out: the robustness test adopts the method of replacing the original explanatory variable with the explanatory variable with a lag period and replacing the original model with the tobit model to ensure the reliability of the results.At the end of the article,the empirical results of this article are analyzed,and the assumptions put forward in the previous article are verified,and policy recommendations are put forward according to the situation in Shanxi.