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

Shiquan Sun and Yongqian Tu

Finance Research Letters, 2023, vol. 53, issue C

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.

Keywords: Financial inclusion; Rural-urban income gap; Financial inclusion index; Spatial panel data model (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:53:y:2023:i:c:s1544612323000338

DOI: 10.1016/j.frl.2023.103659

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