Digital inclusive finance and agricultural economic resilience-empirical test:Based on spatial spillover and threshold effect
The development of agricultural economy is the basis for ensuring social and economic stability and sustainable development.From the perspective of digital inclusive finance,based on the provincial panel data of China from 2011 to 2021,this paper explores the impact mechanism of digital inclusive finance on agricultural economic resilience,and uses fixed effect model,intermediary effect model,spatial model and threshold model to conduct multi-dimensional empirical research.The conclusions are as follows.( 1 ) Digital Inclusive Finance can significantly promote agricultural economic resilience,and it is still established after selecting instrumental variables and conducting multi-period quasi-natural experiments and other robustness tests on Inclusive Finance pilots.( 2 ) The mechanism test shows that digital inclusive finance can indirectly affect agricultural economic resilience through green innovation.( 3 ) Using the threshold model and spatial model,this paper finds that the impact of digital inclusive finance on agricultural economic resilience is characterized by the nonlinearity of increasing marginal effect and positive spatial spillover effect.Therefore,in order to improve the resilience of agricultural economy,the construction of digital inclusive financial infrastructure should be strengthened,so as to release the spatial contribution of high development level areas and narrow the digital divide in different regions.
digital inclusive financegreen innovationagricultural economic resiliencespatial spillover effectthreshold effect
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