A Study on the Impact of Digital Inclusive Financeon the Urban-Rural Income Gap
DOI:
https://doi.org/10.61173/vdpfg449Keywords:
digital inclusive finance, urban-rural income gap, regional heterogeneity, fixed effects modelAbstract
Chinese provincial panel data from 2011-2020 are selected to empirically demonstrate the impact of digital inclusive
finance and its sub-dimensional indices on the urban-rural income gap using a panel fixed effects model. The findings
show that digital inclusive finance narrows the urban-rural income gap in China, and the conclusions still hold after
using instrumental variables to deal with endogeneity; there is regional heterogeneity in the effects of digital inclusive
finance and its sub-dimensional indices on the urban-rural income gap.
References
[1] Zhou Q, Shi W. How does town planning affect urban-rural income inequality: Evidence from China with simultaneous equation analysis[J]. Landscape and Urban Planning, 2022, 221: 104380.
[2] Seven U, Coskun Y. Does financial development reduce income inequality and poverty? Evidence from emerging countries[J]. Emerging Markets Review, 2016, 26: 34-63.
[3] Liu G, Liu Y, Zhang C. Financial development, financial structure and income inequality in China[J]. The World Economy, 2017, 40(9): 1890-1917.
[4] Sun S, Tu Y. Impact of financial inclusionon the Urban- Rural Income Gap—Based on the Spatial Panel Data Model[J]. Finance Research Letters, 2023: 103659.
[5] Pradhan R P, Nair M S, Arvin M B, et al. Institutional quality, financial development and sustainable economic growth among lower income countries[C]//Natural Resources Forum. Oxford, UK: Blackwell Publishing Ltd, 2023.
[6] Su C W, Song Y, Ma Y T, et al. Is financial development narrowing the urban–rural income gap? A cross‐regional study of China[J]. Papers in Regional Science, 2019, 98(4): 1779- 1800.
[7] Li Y, Wang X, Zhu Q, et al. Assessing the spatial and temporal differences in the impacts of factor allocation and urbanization on urban–rural income disparity in China, 2004– 2010[J]. Habitat International, 2014, 42: 76-82.
[8] He C, Du H. Urbanization, inclusive finance and urban-rural income gap[J]. Applied Economics Letters, 2022, 29(8): 755- 759.
[9] Lee C C, Lou R, Wang F. Digital financial inclusion and poverty alleviation: Evidence from the sustainable development of China[J]. Economic Analysis and Policy, 2023, 77: 418-434.
[10] Fu Y, Liu L. On the accessibility of financial services and income inequality: an international perspective[J]. Technological and Economic Development of Economy, 2023, 29(3): 814–845- 814–845.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 by the authors.
This work is licensed under a Creative Commons Attribution 4.0 International License.
