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

Taking Henan Province as the research object,this paper examines the impact of digital Inclusive Finance on the urban-rural income gap and the adjustment mechanism in the process of impact.Specifically,the article first defines the concepts of digital Inclusive Finance and urban-rural income gap,and based on the rural finance theory,income distribution theory and inclusive financial development theory,as well as the current situation of digital Inclusive Finance and urban-rural income gap in Henan Province,it deeply analyzes the mechanism of the impact of digital Inclusive Finance on urban-rural income gap.Secondly,it theoretically discusses the role of education level in the adjustment between digital Inclusive Finance and urban-rural income gap.Finally,104 counties in Henan Province from 2014 to 2020 are selected as research samples to build a fixed effect empirical model to analyze the convergence effect of digital Inclusive Finance on the urban-rural income gap and the adjustment effect of education level between the two.The results show that:(1)digital inclusive finance can effectively restrain the income gap between urban and rural areas in Henan Province,and the conclusion is still valid after a series of robustness tests,such as replacing the explained variables,changing the regression samples and endogenous tests.(2)The depth,coverage and digitalization of the three dimensions of digital inclusive finance can significantly curb the urban-rural income gap,and the depth of use plays the most obvious role.(3)Education level has a positive regulatory effect on the relationship between digital Inclusive Finance and urban-rural income gap,and this effect still exists in the coverage and use depth.Combined with the actual development of Henan Province and the research results of this paper,the following four policy suggestions are put forward:(1)promote the digital empowerment of traditional financial institutions and broaden the development path of digital Inclusive Finance;(2)Make up for the weakness of infrastructure in rural areas and realize the equal development of digital Inclusive Finance;(3)Comprehensively plan relevant policies,focus on key points,and expand the depth of the use of digital Inclusive Finance;(4)We will promote education for rural residents and enhance the effectiveness of digital Inclusive Finance in reducing poverty.