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Academic Journal of Humanities & Social Sciences, 2023, 6(8); doi: 10.25236/AJHSS.2023.060810.

The Impact of Digital Finance on the Income Growth of Urban and Rural Residents—Taking Anhui Province as an Example

Author(s)

Hongyu Yan1, Xuefang Ma2, Aiwen Zhang2, Yulai Wang2, Zejiong Zhou2

Corresponding Author:
Zejiong Zhou
Affiliation(s)

1School of Finance, Anhui University of Finance and Economics, Bengbu, China

2School of Economics, Anhui University of Finance and Economics, Bengbu, China

Abstract

The development of digital finance has improved the level of innovation and entrepreneurship in Anhui Province, and has also had an impact on the growth of income for urban and rural residents. This article focuses on the issue of income growth for urban and rural residents in Anhui Province from the perspective of digital finance. Firstly, the current situation of digital finance development in Anhui Province was analyzed. Secondly, the mechanism by which digital finance affects the income growth of urban and rural residents was elaborated. Finally, propose an optimization path for digital finance to promote residents' income growth, in order to provide reference for the development of digital finance and the improvement of income levels in other regions.

Keywords

Digital finance; Income growth; Regional finance; Innovation and entrepreneurship

Cite This Paper

Hongyu Yan, Xuefang Ma, Aiwen Zhang, Yulai Wang, Zejiong Zhou. The Impact of Digital Finance on the Income Growth of Urban and Rural Residents—Taking Anhui Province as an Example. Academic Journal of Humanities & Social Sciences (2023) Vol. 6, Issue 8: 51-56. https://doi.org/10.25236/AJHSS.2023.060810.

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