Does the Development of China's Digital Financial Inclusion Significantly Affect the Income of Rural Residents?——Based on the Empirical Data of the Chinese Family Tracking Survey(CFPS)
The article uses the rural sample data of the Chinese Family Tracking Survey in 2014,2016 and 2018,matching the digital financial inclusion index and its sub-indicators released by the Digital Finance Research Center of Peking University,to analyze the impact of the development of digital financial inclusion in China on the income of rural residents.The study found that:(1)The development of digital financial inclusion can significantly increase the income of rural residents.The six sub-indicators of digital financial inclusion,coverage,depth of use,payment,insurance,credit,and digitalization can also significantly increase rural residents'income.(2)Digital financial inclusion under different rural areas,rural poverty incidence and rural per capita consumption shows great differences in rural household income.(3)The quantile regression results show that the development of digital financial inclusion has a higher impact on the income of low-income rural residents,and helps reduce the poverty rate in rural areas.(4)Further mechanism analysis shows that financial availability is an important channel through which digital inclusive finance affects the income of rural residents.This research provides an important theoretical reference for the development of digital financial inclusion in China to achieve the effect of reducing poverty and increasing income of rural residents,solving sustainable poverty alleviation and improving the mechanism of preventing poverty from returning to poverty.
Digital Financial InclusionRural Residents'IncomeSub-indicatorsFinancial Availability
NETL
NSTL
万方数据
