The Empirical Study of Fintech,Rural Industries and Growth in Rural Incomes
Financial technology(fintech)will improve the availability of financial services,and inject new vitality into the rural industries development and increase of farmers'income.By constructing a comprehensive index evaluation system of high-quality rural industries development,the article explores the direct and indirect impact of fintech development on farmers'income from both theoretical and empirical dimensions.It is found that the development of fintech can effectively promote the increase of farmers'income,especially the growth of farmers'wage income and operational income;the development of rural industries plays a partial mediating role between fintech and farmers'income.In order to further enhance the ability of fintech services in rural areas and promote the development of rural industries,it is necessary to improve the construction of rural digital infrastructure,improve farmers'financial literacy,increase the innovation of financial products in rural areas,and establish a diversified rural financial competition system.
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