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Table 1.

Specific measurement indicators for urban-rural financial dual differentiation.

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Fig 1.

Mechanism road map.

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Table 2.

Calibration of key parameters.

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Fig 2.

The shock of A to government spending.

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Fig 3.

The shock of A to local tax share rates.

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Fig 4.

The shock of A to regional tax revenue.

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Fig 5.

The shock of A to consumption.

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Fig 6.

The shock of A to GDP.

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Table 3.

Counterfactual deterministic simulation results based on the development of digital inclusive finance.

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Table 4.

Provides the descriptive statistics of the variables.

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Table 5.

Robustness testing outcome.

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