Research On The Impact Of Digital Financial Inclusion On Resident Income Level

In the recently released 14th Five-Year Plan,important instructions have been given to increasing residents’ incomes,and the state attaches special importance to increasing residents’incomes.With the rapid development of the digital economy,the development of inclusive finance with the help of digital technology has become a new form of financial development.In this context,it is of great practical significance to explore how the development of digital inclusive finance can help China’s residents increase their income.In this paper,based on the Data of China’s Interprovincial Panel Data,this paper constructs a spatial Dubin model to study the impact of digital inclusive financial index on per capita disposable income by using the Peking University Digital Inclusive Finance Index(2011-2020)to study the relationship between the Digital Inclusive Finance Index of Peking University(2011-2020):First,whether it is the selection of the adjacency matrix,the economic distance matrix or the geographical distance matrix,the interprovincial digital inclusive financial index and per capita disposable income in China show a positive spatial correlation.Second,a study of the total index found that the development of digital inclusive finance can drive the growth of residents’ income,while at the same time having a negative spatial spillover effect on the income level of residents in the surrounding areas.Third,the study of the sub-index found that the breadth of digital finance coverage,the depth of use of digital finance and the degree of digitization of inclusive finance all have a significant positive promotion effect on the per capita disposable income level of residents in the region,of which the depth of use and the degree of digitization will also have a negative spatial spillover effect on the surrounding areas.Fifth,the heterogeneity analysis of the samples,the results in the eastern region are consistent with the whole country,while the impact of the development of digital inclusive finance on income levels in the central and western regions is not significant,and there is a positive spatial spillover effect;the results in the southern and northern regions are consistent with the whole country.