Author(s)

Jiaming Bi ¹, Wenhan Fu ^1,2

Affiliation(s)

¹ Business School, University of Shanghai for Science and Technology, Shanghai, 200093, China
² School of Intelligent Emergency Management, University of Shanghai for Science and Technology, Shanghai, 200093, China

Corresponding Author

Wenhan Fu

ABSTRACT

This paper studies that the impact of digital inclusive finance on the income gap between urban and rural residents. Through a two-way fixed-effect regression model to analyze 2011-2011 data from 31 provinces in China, the study reveals that the significant impact of digital financial inclusion on narrowing the rural-urban gap. A higher level of education and a larger scale of economic liberalization also affect the income gap narrowing. It is suggested that the government need to continue promoting digital financial inclusion policies and optimizing investment in education as well as science and technology to further narrow the urban-rural income gap.

KEYWORDS

Digital Inclusive Finance; Income Gap between Urban and Rural residents; Theil; Two-Way Fixed Effect Model

CITE THIS PAPER

Jiaming Bi, Wenhan Fu, The Impact of Digital Financial Inclusion on the Income Gap between Urban and Rural Residents. Financial Engineering and Risk Management (2024) Vol. 7: 106-112. DOI: http://dx.doi.org/10.23977/ferm.2024.070514.

REFERENCES

[1] Lall, Saurabh & Bruhn, Miriam & Canales, Rodrigo & Meier, Stephan & Schoar, Antoinette.  Improving Access to Finance by the Poor: What Difference Does Management Make? Academy of Management Proceedings. 2012(1):18163.
[2] Yilia Zhang & Grant G. L. Yang. Global Economic Outlook under the COVID-19. Journal of Business Innovation. 2020, 2(3): 111-119.
[3] Antonio Gargano & Alberto G. Rossi. Goal Setting &Saving in the FinTech Era. Journal of Finance. 2024, 79(3): 1931-1976. 
[4] Hans K. Hvide &Tom G. Meling &Magne Mogstad& Ola L. Vestad. Broadband Internet and the Stock Market Investments of Individual Investors. Journal of Finance. 2024, 79(3):2163-2194.
[5] Liping Liao& Minzhe Du. How digital finance shapes residents' health: Evidence from China. China Economic Review. 2023, 87:102246.

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