Analysis Of The Heterogeneous Impact Of Digital Financial Inclusion On Urban-Rural Income Gap

Socialism with Chinese characteristics has entered a new era,but the domestic economic development is uneven.As a major economic province,Guangdong Province has imbalances in economic development.Among them,the Pearl River Delta region is far ahead in economic scale,while the other regions are relatively backward;The overall urban-rural income gap is large,The income gap between urban and rural areas in the Pearl River Delta region and other parts of Guangdong Province is even greater.In order to promote the economic development of rural and remote areas and narrow the gap between urban and rural areas,the Party Central Committee officially proposed the concept of "inclusive finance" in 2013.Traditional inclusion cannot overcome the financial exclusion that persists in low-income areas.In 2016,digital financial inclusion was proposed for the first time,emphasizing the integration of digital technology and inclusive financial models.It is conducive to alleviating financial exclusion for low-income people,and has obvious convergence effect on the income gap between urban and rural residents,but its convergence effect is different for regions with different degrees of economic developmentTaking Guangdong Province as an example,this paper elaborates on the economic and digital financial inclusion.The mechanism of digital financial inclusion in narrowing the income gap between urban and rural areas was discussed.Using the city-level data of Guangdong Province from 2011 to 2021,the causes and impacts of the differences were analyzed,and the factors and influences of heterogeneous effects were measured.Cross-validation is carried out in combination with typical regional economic data.The main findings are as follows:First,Digital inclusive finance can narrow the income gap between urban and rural residents by easing financing constraints,lowering financial threshold,optimizing industrial structure,adjusting income distribution and other ways.Second,The three dimensions of digital inclusive finance have different impacts on the urban-rural income gap,among which the coverage has the greatest impact on urban-rural income,followed by the digitization level and the use depth.Third,There are regional differences in the impact of digital inclusive finance on the urban-rural income gap,and the convergence effect of urban-rural income gap in regions with relatively backward economic development is more obvious.Second,the three dimensions of digital inclusive finance have different impacts on the income gap between urban and rural areas,of which the breadth of coverage has the greatest impact on urban and rural income,followed by the degree of digitalization,and finally the depth of use.Third,there are regional differences in the impact of digital inclusive finance on urban-rural income gaps,and the convergence effect of urban-rural income gaps in economically backward areas is more obvious.