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Impact of financial inclusion on the urban-rural income gap—Based on the spatial panel data model

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  • Sun, Shiquan
  • Tu, Yongqian

Abstract

This paper attempts to empirically test the relationship between financial inclusion and the urban-rural income gap using a spatial panel data model. We find that the development of the financial inclusion system widens the urban-rural income gap under the consideration of spatial factors. With regard to the regional analysis, we find that when the level of financial inclusion is low, the urban-rural income gap widens as the level of financial inclusion increases. And the urban-rural income gap narrows with the increase of financial inclusion when the financial inclusion reaches a certain level.

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  • Sun, Shiquan & Tu, Yongqian, 2023. "Impact of financial inclusion on the urban-rural income gap—Based on the spatial panel data model," Finance Research Letters, Elsevier, vol. 53(C).
    • Handle: RePEc:eee:finlet:v:53:y:2023:i:c:s1544612323000338
    DOI: 10.1016/j.frl.2023.103659
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    References listed on IDEAS

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    Cited by:

    1. Nokulunga, Mbona & Klara, Major, 2023. "Determinants of using formal vs informal financial sector in BRICS group," Finance Research Letters, Elsevier, vol. 55(PB).
    2. Zhao, Congyu & Jia, Rongwen & Dong, Kangyin, 2023. "Does financial inclusion achieve the dual dividends of narrowing carbon inequality within cities and between cities? Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 195(C).

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