Research on the Impact of Inclusive Finance on Rural Revitalization from the Perspective of Rural Commercial Banks——Empirical Evidence from Counties in Shandong Province
Based on the micro perspective of rural commercial banks under the jurisdiction of Shandong Province,this paper selects 16 operational indicators of rural commercial banks from the three dimensions of financial inclusion breadth,depth and inclusiveness,uses the entropy weighting method to compile a financial inclusion support index characterized by rural commercial banks,and takes the data of 81 counties(cities and districts)in Shandong Province from 2014 to 2022 as a sample,and based on the bidirectional fixed-effects model to empirically test whether inclusive finance can promote rural revitalization.The main conclusions are as follows:first,compared with traditional finance,inclusive finance can more significantly contribute to the revitalization of rural areas in counties;secondly,inclusive fi-nance promotes rural revitalization through two channels,namely,the industry-led effect and the income-reducing ef-fect;third,there are significant complementary effects of digitalization and financial inclusion.The role of inclusive finance should be brought into full play by further improving the financial subsidy system,enriching the relevant poli-cies to support the development of the"three rural areas",increasing the inclination of special funds,strengthening the construction of the rural credit system,and exploring the establishment of a risk mitigation mechanism for rural proper-ty rights mortgages at the expense of the local finances,etc.,and improving the level of inclusive finance with the help of digital technology.
inclusive financerural revitalizationindustrial driving effectpoverty reduction and income gen-eration
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