The Influence of Digital Financial Inclusion on the Consumption of Urban and Rural Residents

DOI

10.2991/aebmr.k.220405.115How to use a DOI?

Keywords

digital inclusion; finance; consumption gap between urban and rural; income gap; mediating effect

Abstract

Due to the long-term destruction of the binary industrial layout, the gap between urban and rural areas in China has always been an objective existence, and the gap between urban and rural income and consumption is its concrete manifestation. With the development of technology in the financial industry, inclusive finance presents more and more the development trend of intelligent system, which greatly improves the sustainability of the rural financial industry. From the perspective of the intermediary effect of the income gap, according to the balanced cross-sectional statistical analysis of 31 provinces, cities, autonomous regions and autonomous regions from 2011 to 2018, inclusive finance can reduce the consumption gap between urban and rural residents. And the direct and indirect effects on the rural basis. Among the adjusted independent variables, the urbanization rate, total demand, the level of postal, express, package and communication services, and regional social development, as the indicators of social and economic development, are all conducive to narrowing the gap between urban and rural consumption and conducive to industrial development.

This paper mainly explores the impact mechanism of digital Inclusive Finance on the consumption gap between urban and rural residents, and constructs an intermediary effect model from the perspective of the intermediary effect of the income gap, so as to test the direct and indirect impact of digital Inclusive Finance on the consumption gap between urban and rural residents. The data mainly comes from the inclusive financial index values of all provinces and regions in 2011-2018 compiled by the Institute of Internet finance of Peking University Based on the massive information of ant financial service related data and inclusive financial applications, and some of them come from the website of the National Bureau of statistics, the national research network and the net income of rural residents before 2013.

The results show that the development of Chinese digital inclusive finance generally converges the urban and rural income gap, but mainly reflects the impact of coverage breadth and usage depth; digitalization expands the urban and rural income gap; the convergence effect of different businesses of digital inclusive finance, the basic and dominant digital inclusive finance business converges the urban and rural income gap, while the derivative business tends to expand the urban and rural income gap.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Runqi Zhang
PY  - 2022
DA  - 2022/04/29
TI  - The Influence of Digital Financial Inclusion on the Consumption of Urban and Rural Residents
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 695
EP  - 699
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.115
DO  - 10.2991/aebmr.k.220405.115
ID  - Zhang2022
ER  -