Empirical Analysis of Digital Inclusive Finance Assisting Rural Revitalization Based on Spatial Durbin Model
Research on the impact of digital inclusive finance on the development of rural revitalization and its spatial spill-over effects can offer valuable insights for comprehensively promoting rural revitalization and advancing common prosperity.Based on spatial panel data from 31 provinces in China from 2011 to 2021,the study uses the entropy weight method to scientif-ically and accurately measure the comprehensive index of rural revitalization.Additionally,the study employs the Spatial Durbin Model for empirical research,considering the issue from spatial and temporal perspectives and utilizing MATLAB software.The research findings are as follows:First,the overall development of rural revitalization and digital inclusive finance in China dem-onstrates significant spatial dependence,locally displaying high-high agglomeration and low-low agglomeration.Second,digital inclusive finance can significantly promote the development of rural revitalization-the higher the degree of digital inclusive finance,the greater the assistance to the development of rural revitalization.Third,both digital inclusive finance and rural revi-talization development exhibit positive spatial spillover effects.Fourth,fiscal support for agriculture and the degree of openness to the outside world help promote rural revitalization;the level of economic development has a positive spatial spillover effect on the development of rural revitalization.Based on these conclusions,it is inferred that the development of rural revitalization is inseparable from strong support for digital inclusive finance and other policies.
development of rural revitalizationdigital inclusive financeSpatial Dubin Modelspatial spillover effects