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The empirical study on the integration of artificial intelligence and financial technology in reducing income gap

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  • Luo, Zhiyuan
  • Luo, Wenjing
  • Xiao, Lina

Abstract

This study explores the role of artificial intelligence (AI) and financial technology (fintech) in promoting balanced development in China. The findings reveal that AI development has enhanced the resilience of the industrial chain, improving the economy's ability to respond to external shocks, thus providing a solid foundation for balanced development. Fintech plays an important moderating role by reducing financing barriers and alleviating information asymmetry, amplifying the positive effects of AI on economic growth quality and income distribution. Additionally, the study investigates the heterogeneous impact of AI on balanced development. The results show that AI has a more significant impact on balanced development in provinces with strong digital economies and coastal regions, while its effects are more limited in areas with higher aging populations. The study indicates that regional economic conditions, industrial structure, and demographic factors significantly influence the relationship between AI and balanced development. Therefore, policies should be designed to cater to regional characteristics, ensuring that AI and fintech contribute fairly to economic development and social progress across regions.

Suggested Citation

  • Luo, Zhiyuan & Luo, Wenjing & Xiao, Lina, 2026. "The empirical study on the integration of artificial intelligence and financial technology in reducing income gap," Economic Analysis and Policy, Elsevier, vol. 92(C), pages 596-607.
    • Handle: RePEc:eee:ecanpo:v:92:y:2026:i:c:p:596-607
    DOI: 10.1016/j.eap.2026.06.034
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