On Consumer Finance and Rural Revitalization under the Background of Financial Technology
Rural revitalization plays a pivotal role in constructing a modernized economic system.As an important booster of economic development,does consumer finance contribute to the implementation of the rural revitalization strategy?In order to explore the effects of consumer finance on rural revitalization,by selectively analyzing panel data from 30 provinces in China from 2009 to 2020,this study investigates the specific impact of consumer finance within the context of financial technology(fintech)on rural revitalization.The research findings demonstrate that consumer finance development driven by fintech significantly promotes rural revitalization.The enhancement primarily operates by alleviating financing constraints faced by farmers,encouraging the upgrading of rural industrial structures,and stimulating rural entrepreneurship.This conclusion is substantiated through endogeneity and robustness tests.Further analysis indicates that consumer finance exerts a more pronounced promoting effect on rural revitalization in the southern regions,economically developed areas,and non-agricultural production zones.This article provides empirical evidence for the impact of consumer finance on rural revitalization,and also provides decision-making references for the implementation of the national rural revitalization strategy and the high-quality development of national consumer finance.
万方数据
维普
