Does Digital Inclusive Finance Narrow the Urban-Rural Income Gap through Primary Distribution and Redistribution?

Zhao, Hongbo; Zheng, Xiaochen; Yang, Lin

doi:10.3390/su14042120

Cited by 48 publications

(29 citation statements)

References 15 publications

(14 reference statements)

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“…At this time, digital inclusive finance can make up for the vacancy of traditional financial services and promote the improvement of rural human capital in underdeveloped regions through mobility, affordability, credit, and convenience. Therefore, according to the calculation in Table 10, we cannot reject the original assumption H 03 , that is, the digitalization degree of digital inclusive finance can promote the accumulation of rural human capital (Wang and Guan, 2017;Zhao et al, 2022).…”

Section: Resultsmentioning

confidence: 95%

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Research on the impact of digital inclusive finance on rural human capital accumulation: A case study of China

Zhuge

Han

et al. 2022

Front. Environ. Sci.

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The accumulation of rural human capital is one of the important factors to realize the sustainable development of the rural economy. Digital inclusive finance eases the budget constraints of farmers and affects their willingness and ability to invest in education which improves human capital accumulation. The impact of digital inclusive finance on rural human capital accumulation is strong but complex to determine. Based on the data from 31 provinces of China from 2011 to 2020, this study uses the systematic Generalized Moment Method (GMM) to build an analytical framework to explore the impact mechanism and differences of digital inclusive finance over the rural human capital accumulation regional levels. The study found that with the development of digital inclusive finance and the expansion of the breadth of coverage, and usage of digital inclusive finance can significantly enhance the accumulation of rural human capital. In terms of regional differences, the boosting effect of digital inclusive finance on rural human capital accumulation is greater in the Northeast than that in the Central, Western and Eastern regions of China. The impact of the extent of digital inclusive finance coverage on rural human capital accumulation is significantly greater in Northeast and Eastern regions than in Central and Western regions; the impact of the depth of digital inclusive finance usage on rural human capital accumulation is limited in Central China. Its findings and results can help to further develop digital inclusive finance, particularly for human capital accumulation in rural areas.

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Section: Resultsmentioning

confidence: 95%

“…An increase in disposable income of rural people shows that a big share of income will be spent on education which, in turn, provokes high RHMC (Wang and Guan, 2017;Zhao et al, 2022). Except for Eastern and Northeast regions, LDOP has a negative impact on RHMC in the case of Central and Western regions (54 and 24% respectively).…”

Section: Resultsmentioning

confidence: 99%

Research on the impact of digital inclusive finance on rural human capital accumulation: A case study of China

Zhuge

Han

et al. 2022

Front. Environ. Sci.

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“…Existing studies have found that digital financial inclusion plays an important role in rural revitalization. Digital financial inclusion helps to alleviate credit constraints of farmers (FAN, 2021), and reduce their vulnerability (Wang and He, 2020); helps to narrow the urban-rural gap (Ji et al, 2021;Yu and Wang, 2021;Zhao et al, 2022), play an important role in rural economic development (Chen and Zhao, 2021); help promote the accumulation of rural human capital (Li et al, 2022), improve the level of agricultural green development (Guo et al, 2022). There are some results about the role of digital financial inclusion on the environment, e.g.…”

Section: The Environmental Effects Of Financial Development "Battle"mentioning

confidence: 99%

Can digital financial inclusion help reduce agricultural non-point source pollution?—An empirical analysis from China

Lin

Cheng

Zhong

et al. 2022

Front. Environ. Sci.

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In the context of financial support for rural revitalization, digital financial inclusion may become a new “gospel” to alleviate agricultural surface source pollution. Based on the panel data of 30 Chinese provinces from 2011 to 2020, the study constructs a fixed-effects model to test the mitigation effect of digital financial inclusion on agricultural non-point source pollution empirically. The study finds that: 1) Digital financial inclusion has a mitigating effect on agricultural non-point source pollution, and the abatement effect still exists after the robustness tests such as replacing the explanatory variables, reducing the sample size, and endogeneity treatment. 2) The moderating effect test shows that the income structure of farmers strengthens the mitigation effect of digital financial inclusion on agricultural non-point source pollution, i.e., the more the income structure of farmers tends to be “non-farmed”, the stronger the mitigation effect of digital financial inclusion. 3) The heterogeneity test found that all three dimensions of digital financial inclusion, including the breadth of coverage, depth of use, and degree of digitization, can mitigate agricultural non-point source pollution, but there are differences in the intensity of the effect. Compared with the northwestern part of the “hu huan yong” line, the mitigation effect of digital inclusive finance is more significant in the southeastern part of the “hu huan yong” line. 4) The threshold effect test shows that the mitigation effect of digital financial inclusion on agricultural non-point source pollution has non-linear characteristics, and there is a double threshold effect of digital financial inclusion, and the mitigation effect will be enhanced as the development level of digital financial inclusion increases.

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“…Due to technical limitations and high service costs, traditional financial markets cannot effectively absorb these investors [46]. Supported by information technology, digital finance can process massive data at low cost and low risk, lower the service threshold, and promote broader long-tail groups to join the financial market [47,48]. In addition, digital finance provides intelligent investment, supply-chain finance, consumer finance, and third-party payment, which broadens financing channels [49] and further provides the possibility of obtaining funds for green technological innovation.…”

Section: Research Hypothesesmentioning

confidence: 99%

Digital Finance, Environmental Regulation, and Green Technology Innovation: An Empirical Study of 278 Cities in China

Dai

Zhao

2022

Sustainability

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Digital finance provides a premises guarantee for green technology innovation, and effective environmental regulation helps to achieve green and sustainable development. This article selects Chinese urban panel data from 2011 to 2019 to explore the impact mechanism of the influence of digital finance and environmental regulation on the innovation capacity of green science and technology. It is found that extensive financing channels and the strong information-matching ability of digital finance have a significant promoting effect on local green science and technology innovation. Moreover, government environmental regulation not only facilitates the development of green technology innovation locally and in nearby regions, but also strengthens the utility of digital finance in driving green science and technology innovation. Further research found that the influence of digital finance and environmental regulation on the ability of green science and technology innovation has regional heterogeneity, and only digital finance in Central China can promote green science and technology innovation in both local and adjacent areas. Therefore, the government should continue to promote the development of digital finance, optimize environmental regulations by increasing environmental protection subsidies and creating a green innovation environment, and further stimulate willingness to innovate green technologies. At the same time, it is also important to note the coordinated development and governance with neighboring regional governments.

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Does Digital Inclusive Finance Narrow the Urban-Rural Income Gap through Primary Distribution and Redistribution?

Cited by 48 publications

References 15 publications

Research on the impact of digital inclusive finance on rural human capital accumulation: A case study of China

Research on the impact of digital inclusive finance on rural human capital accumulation: A case study of China

Can digital financial inclusion help reduce agricultural non-point source pollution?—An empirical analysis from China

Digital Finance, Environmental Regulation, and Green Technology Innovation: An Empirical Study of 278 Cities in China

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