The impact of technology and finance on urban-rural income inequality
DOI:
https://doi.org/10.54691/bcpbm.v48i.5258Keywords:
science and technology finance; urban-rural income inequality; entropy method; double-fixed model.Abstract
Based on the panel data of 30 provinces, cities directly under the jurisdiction of the central government (except for Tibet) and regional autonomous areas from 2011 to 2020, this paper uses the entropy method to measure the index of science and technology finance, and applies the double-fixed model to explore the impact of science and technology finance on urban-rural income inequality. The empirical results show that: (1) Technology finance has a U-shaped influence on rural-urban income inequality. (2) The greater the gap between urban and rural financial development levels will increase urban-rural income inequality; the greater the gap between higher education levels and health care institutions will decrease urban-rural income inequality significantly. (3) There is a heterogeneity in the impact of science and technology financial development on rural-urban income inequality; science and technology finance in the eastern and western areas will have a U-shaped impact on rural-urban income inequality, while science and technology finance in the central area will have an inverted U-shaped impact on rural-urban income inequality. Based on this, this paper offers some suggestions for the development of science and technology finance in China to further reduce rural-urban income inequality.
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