Impact and Mechanisms of Digital Inclusive Finance on Rural Revitalization
Finance boosting rural revitalization is the golden key to resolving the issues relating to agriculture,rural areas and farmers.Based on the panel data of 30 provinces,this paper constructs an evaluation index system for rural revitalization from thriving businesses,pleasant living environments,social etiquette and civility,effective governance and prosperity,and makes theoretical analysis and empirical test on the possible paths of digital inclusive finance boosting rural revitalization.The results show that:(1)the development of digital inclusive finance can significantly improve the rural revitalization,which is more obvious in the rural areas of central and western China.By dividing the digital inclusive finance index,it is found that the degree of digitalization has the most significant promotion effect on rural areas in central and western China,followed by the depth of use;(2)digital inclusive finance can improve the rural revitalization by"promoting industrial integration and scientific and technological innovation";(3)the promotion of rural internet popularization can significantly strengthen rural revitalization by digital inclusive finance.In view of this,this paper puts forward that we should speed up the development of digital inclusive finance to shift financial services that benefit the farmers downwards,create a good environment for industrial integration and technological innovation to stimulate the endogenous power of rural development,improve the infrastructure construction of digital inclusive finance,and accelerate the promotion of"Broadband China"and"Internet Plus"strategies for rural revitalization.
entropy-weighted TOPSIS methodlevel measurement of rural revitalizationsystem GMMintermediary effectregulatory effect