长江经济带数字普惠金融对共同富裕的影响——基于创业活跃度中介效应的实证检验

The Impact of Digital Financial Inclusion on Common Prosperity in the Yangtze River Economic Belt——An Empirical Test based on the Mediating Effect of Entrepreneurial Activity

为深入了解数字普惠金融对共同富裕的影响及作用机制,文章在构建长江经济带城市共同富裕指数的基础上,利用2011—2020年110个城市的面板数据,研究了数字普惠金融对共同富裕的影响,并对其影响机制进行分析。实证结果表明:(1)数字普惠金融能有效促进共同富裕,该结论在考虑稳健性和内生性后依然成立;(2)数字普惠金融通过提高创业活跃度提升共同富裕水平;(3)数字普惠金融对共同富裕的非线性影响受到创业活跃度的调节;(4)数字普惠金融的覆盖广度、使用深度、数字化程度均能提升共同富裕水平。其中,数字化程度对共同富裕的促进效应最明显;(5)数字普惠金融对共同富裕的促进效应在长江经济带下游地区更为显著。综上,相关部门应当进一步加大数字普惠金融的覆盖广度、使用深度和数字化程度,夯实数字普惠金融发展;鼓励大众创业,完善创业活动所需的营商环境,发挥创业活跃度的积极作用;制定差异化数字普惠金融发展策略,因地施策,促进共同富裕水平提升。

For a deeper understanding of the impact and mechanism of digital financial inclusion on common prosperity,this article constructs the Yangtze River Economic Belt Urban Common Prosperity Index and uses the panel data from 110 cities from 2011 to 2020 to study the impact of digital financial inclusion on common prosperity to analyze its impact mechanism.The empirical results are as follows.The empirical results indicate that:(1)Digital inclusive finance can effectively promote common prosperity,and this conclusion still holds after considering robustness and endogeneity.(2)Digital inclusive finance enhances the level of common pros⁃perity by increasing entrepreneurial activity.(3)The non-linear impact of digital inclusive finance on common prosperity is moder⁃ated by entrepreneurial activity.(4)The coverage,depth of use,and degree of digitization of digital inclusive finance can all en⁃hance the level of common prosperity.Among them,the degree of digitization has the most significant promoting effect on common prosperity.(5)The promotion effect of digital inclusive finance on common prosperity is more significant in the lower reaches of the Yangtze River Economic Belt.In summary,the government should further increase the coverage,depth of use,and degree of digiti⁃zation of digital inclusive finance,and consolidate its development.Encourage mass entrepreneurship,improve the business envi⁃ronment required for entrepreneurial activities,and play a positive role in entrepreneurial activity.Make differentiated digital inclu⁃sive finance development strategies,implement policies according to local conditions to promote the level of common prosperity.