金融普惠逻辑、数字化转型与城乡收入差距

Logic of Inclusive Finance,Digital Transformation and Urban-Rural Income Gap

基于传统金融与数字金融的普惠逻辑,使用中国2011—2018年省级面板数据,运用面板模型探讨了数字普惠金融、城乡收入差距的关系。实证发现,数字化金融普惠显著缩小城乡收入差距,但在不同维度与功能间具有异质性,数字支付、小额保险、网络信贷缩小差距显著,而小额理财、小额投资、信用服务等影响不显著。数字普惠金融与城乡收入差距存在单门限效应,当城镇化率低于0.862时,数字普惠金融发展会扩大城乡收入差距,反之亦然。由此提出通过农村数字化转型深化普惠金融服务深度、优化基础性金融服务的数字化普惠水平、增强数字普惠金融服务与城镇化的对接等政策性建议。

Based on the inclusive logic of traditional finance and digital finance,this paper discusses the relationship between digital inclusive finance and urban-rural income gap by using the panel model and the provincial panel data of China from 2011 to 2018.The empirical results show that digital financial inclusion significantly reduces the urban-rural income gap,however there is heterogeneity among different dimensions and functions.Digital payment,small insurance and online credit significantly reduce the gap,while small finance,small investment and credit services have no significant impact.There is a single threshold effect between digital financial inclusion and the urban-rural income gap.When the urbanization rate is below 0.862,the development of digital financial inclusion will expand the urban-rural income gap,and vice versa.This paper puts forward policy suggestions on deepening the depth of inclusive financial services through rural digital transformation,optimizing the digital inclusive level of basic financial services,and enhancing the connection between digital inclusive financial services and urbanization.