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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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    4. Rosmah Nizam & Zulkefly Abdul Karim & Tamat Sarmidi & Aisyah Abdul Rahman, 2020. "Financial Inclusion and Firms Growth in Manufacturing Sector: A Threshold Regression Analysis in Selected Asean Countries," Economies, MDPI, vol. 8(4), pages 1-12, October.
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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).
    3. Li, Xitong & He, Peiming & Liao, Honglin & Liu, Jindan & Chen, Litai, 2024. "Does network infrastructure construction reduce urban–rural income inequality? Based on the “Broadband China” policy," Technological Forecasting and Social Change, Elsevier, vol. 205(C).

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