Does Digital Financial Inclusion Promote Common Wealth?

A Study of Systematic GMM Modeling Based on the Threshold of Digital Divide

Abstract

The development of digital inclusive finance provides more convenient and efficient financial services to the general public and is expected to be an important force in promoting common prosperity. However, the digital divide - i.e. differences in access to and use of digital resources among different groups - may limit the popularity and effectiveness of digital inclusive finance. The digital divide that exists between urban and rural areas, and between groups with different income and education levels, may lead to unequal access to financial services, thus affecting the realization of financial inclusion and the advancement of common wealth. This project analyzes the impact of the digital divide threshold on the effect of digital financial inclusion and the role of digital financial inclusion on common wealth under different levels of digital divide by constructing a systematic GMM model and using the entropy-weighted Topsis method to measure the common wealth indicator system. The research of this project helps to narrow the digital divide, promote the development of digital inclusive finance, and provide empirical support and policy recommendations for realizing the goal of common wealth.