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Public service equalization, digital financial inclusion and the rural revitalization: Evidence from Chinese 283 prefecture-level cities

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  • Jiang, Youxue

Abstract

While China has made significant strides in poverty alleviation, the persistent urban-rural divide poses challenges for sustainable development. Previous studies have explored various factors influencing rural revitalization, yet the interplay between public service equalization, digital financial inclusion, and rural development remains understudied. This resfundearch investigates how public service equalization impacts rural revitalization in China and examines the moderating role of digital financial inclusion. Using panel data from 283 prefecture-level cities from 2011 to 2021, we employ a fixed-effects model and conduct robustness checks including endogeneity tests and alternative specifications. Our findings reveal that public service equalization positively influences rural revitalization, with both accessibility and beneficiality dimensions playing crucial roles. Importantly, digital financial inclusion enhances this positive impact, suggesting a synergistic effect. These results underscore the need for a holistic approach integrating public service provision and digital financial services to promote inclusive growth in rural China. By elucidating the mechanisms through which these factors interact, our study contributes to the broader literature on rural development and offers policymakers valuable insights for designing effective rural revitalization strategies.

Suggested Citation

  • Jiang, Youxue, 2024. "Public service equalization, digital financial inclusion and the rural revitalization: Evidence from Chinese 283 prefecture-level cities," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    • Handle: RePEc:eee:reveco:v:96:y:2024:i:pb:s1059056024006403
    DOI: 10.1016/j.iref.2024.103648
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    1. Xiaqun Liu & Yaming Zhuang & Xiaoyue Qiu, 2025. "Financial Support Efficiency of Rural Revitalization: Based on Three-Stage DEA Model and Malmquist Index Model," Sustainability, MDPI, vol. 17(3), pages 1-15, January.

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    More about this item

    Keywords

    Public service equalization; Accessibility of public service; Beneficiality of public service; Rural revitalization; Digital financial inclusion;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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