An Empirical Study on the Coupling and Coordination of Digital Inclusive Finance and Common Wealth

Abstract

There is a close coupling interaction between digital inclusive finance and common affluence. By constructing the digital inclusive finance and common affluence measurement index system and selecting the panel data of China from 2014 to 2020, the digital inclusive finance index and common affluence index and their coupling coordination status are measured by using entropy weight method and coupling coordination model. The study shows that: ① The digital inclusive finance index and common wealth index at national, regional and urban-rural levels are on the rise, but still show different degrees of disparity between regions and urban-rural areas. ②The coupling coordination level of digital inclusive finance and common wealth development continues to increase, and has experienced four development stages: extreme dissonance, near dissonance, intermediate coordination and benign coordination. ③ The relative development levels of digital inclusive finance and common affluence show alternating lags. Based on the above findings, we propose policy recommendations to promote the high-quality development of digital inclusive finance, drive common wealth, and promote the coupled and coordinated development of both from the perspective of narrowing the "three gaps".