Proceedings of The 6th International Conference on Applied Research in Management, Business and Economics
Year: 2023
DOI:
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The Development of Digital Finance and Common Prosperity from the Perspective of “Optimal Financial Structure”
Yuxin Shen, Zhiwei Wu, Xiaolin Dong
ABSTRACT:
The integration of urban and rural development is the only way to achieve rural revitalization. How to use digital financial development to achieve common prosperity is worthy of in-depth discussion. Based on the perspective of “optimal financial structure”, this paper examines the impact and mechanism of digital finance development on common prosperity.The results show that: First, the development of digital finance is conducive to promoting common prosperity. There is an “inverted U” relationship between the financial structure and the common prosperity,which proves that the reexistsan”optimal financial structure. Second, digital finance playsa significant role in improvingthe level of financial marketization topromote common prosperity. Third, the impact of digital finance development on common prosperity has regional heterogeneity and phased differences. Based on this, this paper provides suggestions on how too ptimize the financial structure, realizing the basic functions of the financial system effectively, and thus promoting inclusive economic growth.
keywords: Digital Finance, Optimal Financial Structure,Financial Marketization, common prosperity