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Academic Journal of Business & Management, 2023, 5(4); doi: 10.25236/AJBM.2023.050403.

The Impact of Fintech on the Income Gap between Urban and Rural Residents


Ruobing Ning1, Meijiao Wang2

Corresponding Author:
Ruobing Ning

1School of Management, University of Shanghai for Science and Technology, Shanghai, China

2School of Management, University of Shanghai for Science and Technology, Shanghai, China


This paper uses the provincial panel data from 2011 to 2020 to establish a fixed effect model and a panel threshold model to study the impact of Fintech on the urban-rural income gap. The results show that: (1) Overall, the development of financial technology will significantly narrow the urban-rural income gap, and has heterogeneity. The development of financial technology has the greatest impact on the urban-rural income gap in the western region, followed by the central region, and finally the eastern region; (2) Further establishing a panel threshold model, it is found that different levels of financial technology development have different effects on the urban-rural income gap, and when financial technology develops to a certain extent, its impact on the urban-rural income gap is significantly weakened.


FinTech, Urban-Rural Income Gap, Threshold Effect

Cite This Paper

Ruobing Ning, Meijiao Wang. The Impact of Fintech on the Income Gap between Urban and Rural Residents. Academic Journal of Business & Management (2023) Vol. 5, Issue 4: 10-17. https://doi.org/10.25236/AJBM.2023.050403.


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