How Financial Technology Drives the Revitalization of Rural Industries
The development of financial technology has injected new impetus for the revitalization of rural industries.Based on the provincial panel data of China from 2013 to 2022,this paper constructs indicators for financial technology and revitalization of rural industries,and analyzes the overall effect,impact mechanism,and heterogeneity of financial technology on rural industry revitalization.The research shows that financial technology has significantly driven the revitalization of rural industries.Improving the efficiency of rural financial resource allocation,optimizing the structure of rural financial resource allocation,and enhancing risk control of rural financial resources are the three important impact mechanisms of financial technology on the revitalization of rural industries.The digital business environment and digital policy environment have played a positive regulatory role in the process of financial technology affecting the revitalization of rural industries.Heterogeneity analysis finds that financial technology has a more significant driving effect on rural industrial revitalization in the eastern and western regions,as well as in regions with higher levels of research and development innovation.Based on these findings,this study further enriches the financial measures for policy makers on rural industrial revitalization in the context of comprehensive rural revitalization.
Financial TechnologyRevitalization of Rural IndustriesRural RevitalizationDigital Environment
NETL
NSTL
万方数据
