Digital Inclusive Finance Drives High-quality Integration of Rural In-dustries:Indicator Construction and Mechanism Testing
Digital inclusive finance can reduce the threshold of financial services,broaden industrial financing channels,and provide a key engine for high-quality integrated development of rural industries.The panel data of 31 provinces in China from 2011 to 2021 are selected as a sample to examine in depth the impact and channels of digital in-clusive finance on the high-quality integration of rural industries.The study finds that digital financial inclusion has a significant positive impact on the high-quality integration of rural industries,and this finding remains valid after a se-ries of robustness tests.The results of the mechanism test show that digital inclusive finance can indirectly drive the high-quality integration of rural industries through two transmission pathways:stimulating rural entrepreneurial activity and enhancing the level of human capital.The heterogeneity test shows that the facilitating effect of digital inclusive fi-nance on the high-quality integration of rural industries is more significant in the eastern region and the region with a higher degree of informatization.In this regard,in the future,a sound digital inclusive financial development system should be established,the potential for high-quality integrated development of rural industries should be deeply ex-plored from multiple perspectives,and a differentiated strategy for high-quality integrated development of rural indus-tries should be formulated in order to accelerate the realization of the modernization of agriculture and rural areas.
digital inclusive financehigh-quality integrationrural entrepreneurshiphuman capitalrevital-ization of rural industries
万方数据
维普
