The Effect and Mechanism of Rural Household Income Increase in Digital Inclusive Finance——Based on Survey Data From 18 Counties of 9 Cities in Shaanxi Province
Expanding the channels for farmers to increase their income and get rich is the key link to improve the system and mechanism of urban-rural integrated development,and it is also the core goal of China to achieve common prosperity.Based on the micro survey data of 3658 rural households in 18 counties of 9 cities in Shaanxi Province,this paper analyzes the impact of digital financial inclusion on rural household income and its mechanism by using logistic regression model and intermediary effect model.The research shows that digital inclusive finance has a significant positive impact on the household income of rural households.The higher the development level of digital inclusive finance is,the higher the household income level of rural households becomes,especially in the depth of use of digital inclusive finance,coverage breadth and digital degree,the impact is particularly significant.After further exploring the operation of the mechanism,it is found that the main ways of digital inclusive finance to promote farmers'income increase are to ease household financial constraints,promote information symmetry and expand agricultural operation scale.In addition,there is heterogeneity in the income-increasing effect of digital finan-cial inclusion.The higher the rural residents'financial literacy improves and the participation in the financial market enhances,the more significant the positive impact of digital financial inclusion on rural household income is.
digital inclusive financeincrease of household incomeaccess to informationscale of agricultural op-erationcredit constraint
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