Can Digital Inclusive Finance Promote the Innovation of New Agricultural Operators:Quasi-natural Experimental Evidence Based on Microscopic Patent Data
With the rapid development of digital inclusive finance,its impact on agricultural innovation has gradually become a research focus.Based on the panel data of 285 cities in China from 2011 to 2021,this paper em-pirically analyzes the influence and mechanism of digital inclusive financial development on the innovation of new agricultural operators.The results show that digital inclusive finance can have a positive impact on the innovation of new subjects.The mechanism test shows that digital inclusive finance can stimulate the innovative vitality of new subjects by strengthening credit support,improving the efficiency of financial development and promoting the level of agricultural mechanization.Heterogeneity analysis shows that digital inclusive finance has a significant im-pact on the innovation of new subjects in the central and eastern regions and areas with high digital technology,but does not play a significant role in the level of digital technology in the western region and land;digital inclusive fi-nance plays a significant role in promoting the innovation of agricultural enterprises,but does not have a significant impact on family farms and agricultural cooperatives.The above research provides theoretical support and empiri-cal evidence for the deep integration of digital inclusive finance and new subject innovation,and provides relevant policy implications for promoting the high-quality development of agricultural industry.
digital inclusive financenew subject innovationcredit supportfinancial development effi-ciencyagricultural mechanization