Research On The Impact Of Digital Inclusive Finance On Common Prosperity

In recent years,the global digital process has been very rapid,and digital construction has become an important means of high-quality social development.The development of digital inclusive finance has improved the quality of life of residents,expanded the scope of public services,lowered the cost and access threshold of financial services,and narrowed the development gap between regions.It is very important for China to achieve common prosperity.This article attempts to measure digital inclusive finance and common prosperity through a combination of theoretical analysis and empirical analysis,thereby exploring the impact and mechanism of the development of digital inclusive finance on achieving common prosperity.Firstly,this article reviews the research on the development process of common prosperity in recent years,the development and measurement system of digital inclusive finance,and the existing literature on the research of digital inclusive finance on common prosperity.Based on previous research results,combined with relevant theoretical foundations and mechanisms,this paper proposes relevant research hypotheses;Secondly,referring to the existing literature on the development level of common prosperity in China,determine measurement indicators,establish a common prosperity indicator system,and build a common prosperity index;In addition,select relevant panel data from 30 provinces,cities,and autonomous regions in China from 2011 to 2020 for regression analysis,use the intermediary effect model to investigate the intermediary effect of coordinated development in the impact of digital inclusive finance on common prosperity,and use threshold regression model to study the non-linear relationship between the two,using quantile regression model for further analysis;Finally,through the instrumental variable method,variable lag phase I and lag phase II testing of endogenous issues,as well as principal component regression analysis and robustness testing by excluding municipalities directly under the central government,we further verify the positive impact of digital inclusive finance on promoting the development of common prosperity.The empirical results show that through regression analysis,it is found that with the rapid development of digital inclusive finance,its promotion effect on achieving common prosperity is very obvious.With the introduction of intermediary models,it is found that coordinated development plays a mediating effect on the role of digital inclusive finance in achieving common prosperity.In addition,through threshold regression models and quantile regression models,the non-linear relationship between the two has been verified.Based on the theoretical analysis and empirical results of this article,I attempt to propose the following conclusions and recommendations:Digital inclusive finance has a catalytic effect on the realization of common prosperity.Therefore,it is necessary to respond to national policies,develop digital inclusive finance,promote the process of digital construction in China,promote high-quality development of digital technology in China,ensure the coordinated development of digital construction and digital financial services in various regions of China,and strengthen the cultivation of digital financial talents,Promote the digital finance of the western development,increase the efforts of digital inclusive finance in the central and western regions,achieve the sharing of digital public services in the western region,enhance the financial competitiveness of the western region,and achieve common prosperity.