Urbanization, inclusive finance and urban-rural income gap

作者：Chaohua He, Hongyan Du · 发表于：Applied Economics Letters · 年份：2021 · DOI：10.1080/13504851.2021.1885603 · 被引用次数：42 · 研究领域：Microfinance and Financial Inclusion、FinTech, Crowdfunding, Digital Finance、Urban and Rural Development Challenges

By exploring the economic data in 31 Chinese provinces during 2006–2018, this paper discovers that: (1) inclusive finance narrows the urban-rural income gap mainly by improving financial quality; (2) urbanization outweighs inclusive finance in reducing the urban-rural income gap; (3) urbanization and inclusive finance (exclusive of financial quality) weaken each other in bridging the urban-rural income gap. The findings are robust to the endogeneity problem.