Intelligentization of Circulation Industry and Balanced Urban-Rural Development: From the Perspective of Consumption Gap between Urban and Rural Residents

MENG Hao-yun; ZHANG Yang

Volume 39 Issue 3

May 2024

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2024 > 39(3): 79-94

MENG Hao-yun, ZHANG Yang. Intelligentization of Circulation Industry and Balanced Urban-Rural Development: From the Perspective of Consumption Gap between Urban and Rural Residents[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(3): 79-94.

Citation:

MENG Hao-yun, ZHANG Yang. Intelligentization of Circulation Industry and Balanced Urban-Rural Development: From the Perspective of Consumption Gap between Urban and Rural Residents[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(3): 79-94.

Citation:

MENG Hao-yun, ZHANG Yang. Intelligentization of Circulation Industry and Balanced Urban-Rural Development: From the Perspective of Consumption Gap between Urban and Rural Residents[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(3): 79-94.

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Intelligentization of Circulation Industry and Balanced Urban-Rural Development: From the Perspective of Consumption Gap between Urban and Rural Residents

MENG Hao-yun¹,
ZHANG Yang²

1.
School of Economics and Finance, Xi'an Jiaotong University, Xi'an 710061
2.
Strategic Planning Research Institute, Chinese Academy of Environmental Planning, Beijing 100041, China

Received Date: 2023-10-22
Available Online: 2024-06-15
Publish Date: 2024-05-28

Abstract

Abstract

In the context of the new development paradigm, fostering the intelligentization of the circulation industry emerges as pivotal role in unlocking domestic and international dual circulation while addressing the disparities in urban and rural development. Through the lens of the consumption gap between urban and rural residents and Marx's social reproduction theory, this study elucidates that how the intelligentization of the circulation industry affects the balanced urban-rural development in the production, distribution, exchange, and consumption. Drawing upon the panel data of 285 Chinese cities from 2002 to 2022, this paper analyzes the impacts and mechanisms through which the intelligentization of the circulation industry influences the consumption gap between urban and rural residents. The findings reveal regional disparities in the consumption gap between urban and rural residents, and intelligentization of the circulation industry as well. Moreover, the intelligentization of the circulation industry demonstrates resilience in the face of adverse macroeconomic shocks while exhibiting potential for development amidst favorable macroeconomic circumstances. Notably, the intelligentization of the circulation industry significantly mitigates the consumption gap between urban and rural residents by facilitating the upgrading of regional industrial structures, narrowing the income differentials between urban and rural inhabitants, and fostering the growth of e-commerce, with the most pronounced effects observed in the western regions. Consequently, the intelligent transformation of the circulation industry, coupled with efforts to bridge the regional digital divide and regulate the development of economic development can provide robust support for boosting residents' consumption and advancing balanced urban-rural development.

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References(35)

References

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