The Impact of Digital Finance on Farmer Income Growth:Based on Threshold Effect and Spatial Convergence Analysis
Itis worthconductingin-depthresearchonwhether thedevelopment of digital finance is conducive to increasing farmers'income and has animpact on the income gap among farmers.The paper is based on panel data from 3 lprovinces(autonomous regions,municipalities directly under the central government.excluding Hong Kong,Macao,and Taiwan)in China from 2011 to 2020.From thedual perspectives of increasing farmers'income and income gap,it examines thenonlinear threshold effect of digital finance on farmers'income growth and the spatialconvergence effect of digital finance on farmers'income gap.Research has found thatthe impact of digital finance on farmers'income has a"marginal effect increasing"that is,as the development level of digital finance crosses the corresponding thresholdvalue,the effect of increasing farmers'income increases,The development level ofdigital finance in various regions exhibits spatial agglomeration characteristics of'high-high"and"low-low",Further analysis reveals that there is a significant gap inthe income level of farmers β Conditional convergence characteristics,and digitalfinance exacerbates the income gap among farmers in various provinces(autonomousregions,municipalities directly under the central government,excluding Hong KongMacao,and Taiwan)The paper provides a new perspective for the study of therelationship between digital finance and increasing farmers'income,and provides areference for optimizing policies related to digital finance to help farmers increasetheir income and alleviate income gap.
Digital FinanceFarmer Income GrowthThreshold EffectSpatial ConvergenceIncome Gap