The Impact Mechanism of Digital Finance Development on Sustainable Income Increase of Farmers: An Empirical Analysis Based on Hubei Province Data
Based on the panel data of 13 cities (prefecture) in Hubei Province from 2011 to 2021, this paper builds a fixed effect model and an intermediary effect model, and empirically analyzes the mechanism of digital finance in Hubei Province on the sustainable income growth of farmers. Research shows that the development of digital finance in Hubei Province can improve farmers' income level, improve farmers' in-come structure, significantly promote farmers' sustainable income, and have a better effect on low-income and low-income sustainable farm-ers;regional economic growth can improve farmers' income level and enable farmers' income for digital finance in Hubei Province. There are some intermediary effects on the sustainability of the increase, with values of 39.69％ and 40.96％ respectively. In addition, promoting urban-ization also plays a significant role in increasing the sustainable income of farmers.
Digital financial developmentSustainable income increase of farmersFixed effect modelIntermediary effect
万方数据
