数字普惠金融、创业活跃度与共同富裕——基于我国省际面板数据的经验研究

Digital Inclusive Finance,Entrepreneurial Activity and Common Wealth——An Empirical Study Based on Inter-provincial Panel Data in China

在构建我国省际共同富裕指数的基础上,利用2011-2019年30个省份的面板数据,就数字普惠金融对共同富裕的影响机制、效应和区域异质性进行实证检验。研究发现:数字普惠金融发展对共同富裕具有显著正向作用,并且这种作用具有边际效应递增的非线性特征。机制分析表明:创业活跃度在数字普惠金融发展与共同富裕关系中发挥中介作用,并且创业活跃度能够调节数字普惠金融的非线性溢出效应。进一步研究发现:数字普惠金融对共同富裕间的影响存在明显的区域异质性,东部地区数字普惠金融的发展对共同富裕的影响强于中西部地区。

This paper empirically tests the mechanism,effect and regional heterogeneity of the impact of digital inclusive finance on common affluence based on the construction of a provincial common affluence index in China,using panel data of 30 provinces from 2011 to 2019.Results show that digital inclusive finance development has a significant positive effect on common afluence,and this effect has a non-linear characteristic of increasing marginal effect.Mechanism analysis shows that entrepreneurial activity plays a mediating role in the relationship between digital inclusive finance development and common wealth,and,entrepreneurial activity can moderate the nonlinear spillover effects of digital inclusive finance.Further study finds that there is significant regional heterogeneity in the relationship between digital inclusive finance development and common wealth,with the development of digital inclusive finance in the eastern region having a stronger impact on common wealth than in the central and western regions.