数字金融、财政分权与城乡融合发展

Digital Finance,Fiscal Decentralization and Urban-rural Integration Development

数字化和智能化时代来临,为数字金融与城乡融合的发展提供了契机。基于2011-2021年中国省级面板数据,采用熵值法编制城乡融合指数,运用面板固定效应实证检验数字金融对城乡融合的影响,研究结果表明:数字金融能显著改善城乡融合发展水平;而且财政分权具有调节效应,会抑制数字金融对城乡融合的促进作用;从异质性检验看,具有结构异质性和地理异质性。从结构异质性看,数字金融覆盖广度对城乡融合的影响最强,使用深度的影响次之,数字化程度的影响最弱。从地理异质性看,东部地区数字金融发展对城乡融合的促进效果强于中西部地区。

The arrival of the digital and intelligent age provides a chance for the development of digital finance and urban-rural integration.Based on panel data from 31 provincial-level regions in China from 2011 to 2021,the urban-rural integration index was calculated using the entropy value method,and panel fixed-effects were used to empirical test the impact of digital finance on urban-rural integration.The research results show that digital finance can significantly improve the level of urban-rural integration,Moreover,fiscal polarization has a regulatory effect,which will suppress the promoting effect of digital finance on urban-rural integration.From the heterogeneity test,there are structural heterogeneity and geographical heterogeneity.From the perspective of structural heterogeneity,the impact of digital finance coverage on urban-rural integration is the strongest,followed by the impact of usage depth,and the impact of digitalization degree is the weakest.From the perspective of geographical heterogeneity,the promoting effect of digital finance development in the eastern region on urban-rural integration is stronger than that in the central and western regions.Finally,countermeasures and suggestions are put forward to fully implement the strategy of enabling rural revitalization by digital finance and realize the integrated and balanced development of urban and rural areas.