Research On The Impact Of Digital Financial Inclusion On Urban-Rural Income Gap In Guangdong Province From The Perspective Of Common Prosperity

China’s economy has entered a stage of high-quality development,but there are still problems such as unbalanced and inadequate development.In particular,the imbalance between urban and rural development is relatively prominent,and the income gap between urban and rural areas has not been effectively solved.In recent years,with the rapid development of digital economy,China’s income distribution problem is facing challenges again,and there is still a long way to go to promote common prosperity.Guangdong province is the largest economic province in China,and its economic aggregate has been the first in China for more than 30 years.However,the unbalanced development between urban and rural areas in Guangdong province is the basic situation of its province and its prominent weaknesses,as well as an important factor hindering Guangdong to promote common prosperity.On the basis of combing the relevant research results,Taking advantage of the 20prefecture-level cities in Guangdong Province(considering the particularity of Shenzhen’s urbanization rate of 100%,It was excluded from this study.)The Digital FPI and Thiel Index for 2011-2020,Through Arc GIS and radar map,visual analysis of digital inclusive finance level and urban-rural income gap among prefecture-level cities in Guangdong Province,It is found that the digital inclusive finance in Guangdong province has developed rapidly during the inspection period,However,there is a large gap between the Pearl River Delta and eastern Guangdong,western and northern Guangdong;The income gap between urban and rural areas among prefectural cities in Guangdong province narrowed during the inspection period,However,there is still a large gap between the urban and rural income gap among the prefecture-level cities;This paper empirically analyzes the impact of digital inclusive finance on the urban-rural income gap by constructing a fixed-effect regression model.The conclusion that the development of digital inclusive finance in Guangdong Province is conducive to narrowing the income gap between urban and rural residents.By comprehensive heterogeneity analysis,we can conclude that the effect of the development of digital inclusive finance in Guangdong Province on the income gap between urban and rural residents will be different due to the different levels of local economic development.In Guangdong Province,compared with the Pearl River Delta region with a higher level of economic development,the development of digital inclusive finance is more conducive to improving the income gap between urban and rural residents in the eastern,western and northern Guangdong regions with a backward economic development level in Guangdong Province.At the same time,digital inclusive finance helps residents reduce poverty and increase income by promoting the upgrading of local industrial structure,which is conducive to the improvement of the income gap between urban and rural residents and promotes common prosperity.On this basis,the policy suggestions are put forward: First,develop the digital inclusive finance in the northwest of Guangdong,narrow the income gap between urban and rural areas,and boost common prosperity;including the sustainable development of rural digital inclusive finance,fill the "digital divide",continuously improve the financial environment in rural areas,and improve the quality education and financial literacy of rural residents.Second,exert the "radiation effect" of digital financial inclusion to promote the high-quality development of finance and boost common prosperity;including strengthening regional cooperation,breaking regional segmentation barriers and expanding the coverage of digital financial inclusion.Third,realize the benign interaction between digital inclusive finance and advanced industrial structure to boost common prosperity.It includes guiding traditional rural financial institutions to accelerate the innovation of digital finance,giving play to the support of digital inclusive finance for rural small,medium and medium-sized enterprises,and giving play to the inclusive characteristics of digital inclusive finance to help farmers to increase their income in production and operation.