金融经济学研究

基于2013—2020年中国省级面板数据，实证研究数字普惠金融对共同富裕的作用效果和影响路径，研究发现：数字普惠金融能够显著促进共同富裕，在收入提升和缩小差距方面作用效果明显；结构分析表明，数字普惠金融的覆盖广度和使用深度均有效促进了共同富裕，其中包容性特质(覆盖广度)的促进效果表现更为明显；区域异质性分析表明，中西部地区促进共同富裕的作用效果更为明显，而东部地区更多地表现为增收作用；机制分析表明，数字普惠金融通过缓解融资约束机制促进了共同富裕，同时通过经济增长机制中介促进收入提升；进一步分析发现，数字基础设施建设对于数字普惠金融促进共同富裕的作用效果具有正向调节作用。相关部门应当夯实数字普惠金融基础支撑，加强数据能力建设，提升居民金融素养，从而帮助低收入群体早日实现共同富裕。

Using China provincial panel data from 2013 to 2020,this paper empirically examines the impacting effect and path of digital inclusive finance affecting common prosperity.Findings show that digital inclusive finance can significantly promote common prosperity, with a remarkable effect in both raising income and reducing inequality.The structural analysis reveals that both coverage and depth of use effectively promote common prosperity, the promotional effect of the inclusive feature(coverage) being more obvious.The regional heterogeneity analysis shows that the central and western regions see a more pronounced promotional effect on common prosperity, while the eastern region exhibits more of an effect on raising income.The mechanism analysis indicates that digital inclusive finance promotes common prosperity by alleviating financing constraints, and its work in promoting income growth is moderated by the economic growth mechanism.Further discussion shows that digital infrastructure construction positively regulates the effect of inclusive finance in promoting common prosperity.Taken together, relevant departments should cement the foundation of digital inclusive finance, enhance digital capacity, and improve the financial literacy of residents.