New Finance for a Strong Agricultural Country:Digital Inclusive Finance and the International Competitiveness of China's Agricultural Products
Enhancing the international competitiveness of China's agricultural products is one of the key tasks in building an agricultural powerhouse.In this process,financial support is particularly important,especially new finance represented by digital inclusive finance,plays a key role.Using China's provincial panel data from 2011 to 2020,this study explores the impact and mechanism of digital inclusive finance on the international com-petitiveness of Chinese agricultural products,focusing on export technological complexity.Employing panel fixed effects,quantile regression and spatial econometrics,the research indicates that digital financial inclusion significantly enhances the export technical complexity of Chinese agricul-tural products,a finding consistent after addressing endogeneity and robustness testing.Mechanism analysis reveals that digital inclusive finance mainly boosts agricultural exports'technical complexity by promoting technological innovation,fostering rural industry integration and increasing in-vestment in farmers'human capital.Moreover,the research suggests that as China's digital financial inclusion progresses,its impact dynamically strengthens,which exhibiting a marginal effect where higher levels of technological complexity amplify its influence.However,digital financial in-clusion also exhibits a negative spatial spillover effect on China's agricultural exports'technical complexity.Additionally,its enhancement effect displays heterogeneity across dimensions like digital financial inclusion,types of exported agricultural products,local financial regulation intensity and digital village construction.These findings offer crucial empirical evidence and policy insights to enhance China's new rural financial services and bolster the international competitiveness of its agricultural products.
万方数据
维普
