Digital Financial Inclusion,Low-carbon Agricultural Production and Green Total Factor Productivity
Fully leveraging the potential of the digital economy to boost the development of a high-quality green economy is a crucial path to achie-ving the"dual carbon"targets.To this end,this study aims to analyze the impact of digital inclusive finance on green total factor productivity.Em-ploying a bidirectional fixed-effects model,this study selects relevant data on digital inclusive finance and green total factor productivity from vari-ous provinces in China between 2011 and 2021 to explore the relationship between digital inclusive finance,low-carbon agricultural production,and green total factor productivity.The findings indicate that the development of digital inclusive finance can significantly enhance green total factor pro-ductivity.Digital inclusive finance plays a pivotal role in promoting eco-friendly agricultural practices,particularly through facilitating farmland transfer,providing financial support for land transactions to achieve scale operations,and promoting low-carbon agricultural production,ultimately leading to an increase in green total factor productivity.Heterogeneity analysis reveals that regions in the early stages of financial infrastructure de-velopment have demonstrated more notable improvements in green total factor productivity due to the implementation of digital inclusive finance initi-atives.It is imperative to improve agricultural land transfer policies,promote standardization in farmland transfer,and formulate digital inclusive fi-nance policies tailored to local conditions while fostering the digital inclusive finance index.
digital financial inclusiongreen total factor productivitybenchmark regression modelslow-carbon agricultural production