Has Inclusive Finance Narrowed the Income Gap between Urban and Rural Areas? An Empirical Analysis Based on Coastal and Noncoastal Regions' Panel Data

2020 ◽  
Vol 106 (sp1) ◽  
pp. 305
Author(s):  
Yaning Li ◽  
Qingqing Zhong ◽  
Liwei Xie
2021 ◽  
Vol 275 ◽  
pp. 03015
Author(s):  
Jing Xu ◽  
Mingyue Sun ◽  
Hening Wang

With the further development of China’s economy, the income of urban and rural residents has increased. At present, China’s economy has changed from a stage of high-speed growth to a stage of high-quality development. However, uneven and insufficient regional development is still a problem that requires great attention. Inclusive Financing’s development provides residents with more access to financial services and is one of the important ways to build a well-off society and develop the economy in recent years. Based on the Peking University Digital Inclusive Financing Index, this paper studies the relationship between the development level of Inclusive Financing and the income gap between urban and rural residents by constructing panel data of 31 provinces, cities and regions in China and establishing a model for empirical analysis. The study found that the development of Inclusive Financing has a significant impact on the income gap between urban and rural areas, among which the improvement of the level of Inclusive Financing in the economically developed eastern region has a very obvious effect on narrowing the income gap between urban and rural areas. However, blindly developing Inclusive Financing in the underdeveloped central and western regions will also cause the further widening of the income gap between urban and rural areas. The conclusion of this paper has certain positive significance for narrowing the income gap between urban and rural areas and promoting the development of Inclusive Financing.


Author(s):  
Yao Li

With the rise of the tertiary industry, the financial industry has achieved unprecedented development, which is mainly reflected in the rapid growth of economic aggregate, the increasingly balanced financial structure system and the increasingly diversified financial products. However, with the rapid development of financial industry, the income of urban and rural residents is increasingly unbalanced. The increasing income gap between urban and rural areas has caused a large number of adverse phenomena in the process of economic development, seriously affecting the income distribution of the people and even causing social instability. Therefore, in today’s big data era, it is necessary to systematically study and analyze the impact of financial industry development on the national income gap between urban and rural areas. At the same time, it is of great significance to improve the problem of excessive income gap between urban and rural areas. This paper mainly analyses the relationship between the three effects of the development of financial industry and the income gap between urban and rural residents. In the empirical aspect, the paper creatively uses the fuzzy Kmeans clustering algorithm to regression analysis the panel data of a certain area from 2010 to 2018. At the same time, in the empirical data analysis, this paper creatively replaces the European norm measure of the Kmeans clustering algorithm with the AE measure, and puts forward a proposal. The index of financial development level is based on the proportion of loans from financial institutions. Through theoretical and empirical analysis, this paper draws the following conclusions: the financial scale in the financial industry will have a huge impact on the income gap between urban and rural areas. Finally, based on the above problems and current situation, this paper puts forward relevant improvement suggestions.


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