Does the Digital Credit Platform Promote the Availability of Financing for Farmers:Empirical Evidence from China's First Pilot County for Rural Financial Reform
The issue of farmers'financing availability has not been effectively solved under the background of digital rural strategy.How to promote farmers'financing availability is a significant strategic issue related to rural revitalization.This paper constructs a quasi-natural experiment based on the"Golden Countryside"digital credit platform established in Tiandong county,Baise city of the Guangxi Zhuang Autonomous Region.By using 2013-2022 individual credit data of 246 farmers in 4 counties and cities in Baise,and applying the difference-in-differences model and the mediation effect model,this paper examines the impact and mechanism of the digital credit platform on farmers'financing availability.The research results show that the establishment of the digital credit platform significantly increases the probability of farmers'credit loans and amount of farmers'loans,which is more pronounced on farmers with high education and income levels as well as on mortgage-backed loans.Therefore,the digital credit platform exhibits a preference for"favoring the rich and disliking the poor"and"risk aversion"in promoting farmers'financing availability.Mechanism analysis reveals that the digital credit platform mainly promotes farmers'financing availability through three channels:improving loan quality,reducing loan interest rates,and extending loan terms.The conclusions of this paper provide theoretical foundations and empirical references for better utilizing digital credit platforms to promote the revitalization of rural areas.
digital credit platformfinancing availabilityinformation asymmetry
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