Digital Inclusive Finance,Rural Integration of Three Industries and Rural Resident Income——Empirical Analysis Based on China's Provincial Panel Data from 2011 to 2020
based on the panel data of 30 provinces(cities and autonomous regions)in China from 2011 to 2020,this study uses the fixed effect model(FEM)to empirically analyze the impact of digital inclusive finance on rural residents'income,and the mesomeric effect model is used to investigate the intermediary role of rural integration of three industries.At the same time,the heterogeneity analysis is carried out for the eastern,central and western regions,and the robustness test is carried out by using the core explanatory variables and replacement explanatory variables of the first lag period.Research has found that:firstly,digital inclusive finance significantly improves the income level of rural residents,but there is regional heterogeneity,and the eastern region has the strongest effect of digital inclusive finance on increasing income for rural residents,followed by the central and western regions;secondly,the integration of three industries in rural areas plays an important intermediary role between digital inclusive finance and rural residents'income,which is still valid after the robustness test of the lag of explanatory variables and the replacement of explanatory variables.Therefore,on one hand,it is necessary to improve the digital infrastructure in rural areas,enhance the financial literacy of rural residents,and further stimulate the role of digital inclusive finance in increasing farmers'income.On the other hand,it is necessary to break the financial constraints of the integration of three industries in rural areas,improve the interest linkage mechanism,give full play to the mesomeric effect of the integration of the three industries,and ultimately improve the income level of rural residents to achieve common prosperity.
digital inclusive financerural integration of three industriesrural residents'incomeFixed Effect Model(FEM)
万方数据
