金融发展与中国城乡收入差距——基于省级面板数据的分析

Financial Development and China's Urban-rural Income Gap——Analysis Based on the Provincial Panel Data

改革开放以来,中国的经济高速发展。但同时,中国城乡居民收入差距也呈现出逐渐扩大的态势。基于"预算约束下效用最大化"理论,从金融发展的角度构建金融发展与城乡收入差距的理论模型,以便厘清两者之间的传导机制。文章利用中国31个省区市2004—2013年的面板数据,构建固定效应模型并加以实证分析。结果显示:金融发展扩大了城乡居民的收入差距。文章最后有针对性地给出了三条相关政策建议。

Since the reform and opening up, China＇s economy has made rapid development. Meanwhile, the urban and rural income gap is gradually widening. Based on the theory of utility maximization, this paper establishes a theoretical model between financial development and urban-rural income gap, in order to clarify the transmission mechanism between them. Furthermore, using China＇s 31 provincial panel data from year 1993 to 2013, this paper establishes the fixed effect model to conduct empirical analysis. The result shows that financial development enlarges the urban-rural income gap. Finally, give three policy recommendations to narrow the urban-rural income gap.