Analysis of the Impact of Digital Inclusive Finance on Farmers Income Growth:Based on the Empirical Study of Panel Data in Fujian Province
With the leading innovation of digital technology,digital inclusive finance,as an emerging form of inclusive finance in recent years,has gradually become an important factor driving the high-quality development of China's rural economy.Its advantages in promoting the optimization of industrial structure and improving the allocation of regional financial resources have become increasingly prominent,providing strong support for China's rural revitalization strategy.Using panel data of Fujian Province from 2012 to 2022,empirical analysis was conducted to construct a fixed-effect model to examine and analyze the impact mechanism of digital inclusive finance on promoting farmers'income growth in Fujian Province.The results show that digital inclusive finance has an obvious positive effect on farmers'income increase,greatly promoting rural revitalization and inclusive finance initiatives in Fujian Province.A sub-regional analysis reveals that the positive effect of the improvement in the level of digital inclusive finance development on farmers'income growth in Fujian Province exhibits significant regional heterogeneity,with the coastal city circle exhibiting a significantly stronger effect than the inland city circle.The mediating effect analysis finds that the level of per capita economic development is the mediating variable in the process of digital inclusive finance promoting farmers'income growth in Fujian Province.In this mechanism,the growth of per capita GDP has become the key factor driving the increase in rural residents'per capita income,which accounts for 36.09％of the mediating effect.In order to more effectively implement the rural revitalization strategy and achieve high-quality economic development empowered by digital inclusive finance,the government should accelerate the establishment and improvement of a robust regulatory system for digital inclusive finance and standardize the financial market order;further optimize the government's guiding role and accurately implement policies according to local conditions;further strengthen financial inclusive science and technology empowerment and lead the transformation and upgrading of the rural industry;and continuously improve the financial literacy of farming households through multi-sectoral and multi-channel collaboration,accelerate the bridging of the digital divide,and effectively promote farmers to increase production and income.
Digital Inclusive FinanceFarmers'Income GrowthEmpirical ResearchFixed Effects Model
万方数据
