数字金融发展的共同富裕效应研究——基于281个地级市的经验证据  

A Study of the Common Prosperity Effect of Digital Financial Development——Empirical Evidence Based on 281 Cities

作　　者：郝云平 张兵 Hao Yunping;Zhang Bing

机构地区：[1]南京农业大学金融学院,南京210095 [2]河海大学商学院,南京210098

出　　处：《经济问题探索》2023年第3期41-55,共15页Inquiry Into Economic Issues

摘　　要：基于中国2011—2020年281个地级市的面板数据,实证分析数字金融发展对共同富裕的影响及其传导机制。研究结果发现,数字金融发展能够显著助推共同富裕的实现,数字金融发展每平均提升1个单位,共同富裕水平平均提升0.564个单位。数字金融发展对共同富裕的影响存在显著的区域差距,且在西部地区最高,中部次之,东部最低,表明数字金融发展具有包容性。数字金融发展的覆盖广度、使用深度和数字化程度均有助于提升共同富裕水平,存在一定的差异,说明存在明显的结构效应。进一步发现,数字金融发展可以通过缓解信息不对称、促进创新创业提升共同富裕水平,还可通过积累物质资本,提升人力资本,改善社会资本和积蓄家庭财富推进共同富裕的实现。Based on the panel data of 281 cities in China from 2011 to 2020,we empirically analyze the impact of digital financial development on common prosperity and its transmission mechanism.The findings reveal that digital financial development can significantly contribute to the realization of common prosperity, and for every average increase of 1 unit in digital financial development, the level of common prosperity increases by an average of 0.564 units.There are significant regional differences in the impact of digital financial development on common prosperity, and it is highest in the western region, followed by the central region and lowest in the eastern region, indicating that digital financial development is inclusive.The breadth of coverage, depth of use and digitization of digital financial development all contribute to the level of common prosperity, with some differences, indicating a significant structural effect.It is further found that digital financial development can enhance the level of common prosperity by alleviating information asymmetry and promoting innovation and entrepreneurship, and can also advance the realization of common prosperity by accumulating physical capital, enhancing human capital, improving social capital and accumulating household wealth.

关 键 词：数字金融 共同富裕 差分GMM 创新创业 信息不对称 

分 类 号：F832[经济管理—金融学]