Digital Finance and Resilience of Agriculture:Effects and Mechanisms——On the Heterogeneity of Human Capital
Casting the resilience of agricultural economy is essential to promote the construction of agricultural modernization and a powerful country of agriculture.The development of digital finance provides new technical and financial aid for agricultural risk identification,impact resistance,economic recovery and organizational restructuring.Based on the panel data of 31 provinces in China from 2011 to 2021,this paper uses the entropy method to measure the level of China's agricultural economic resilience,and empirically tests the impact effect,mechanism and difference of digital finance development on agricultural economic resilience by using the two-way fixed model,intermediary model and instrumental variable method.The results are as follows.Digital finance has a significant role in promoting the resilience of agricultural economy.This conclusion is still positive considering the endoge-nous problem and robustness,but the coverage and credit application under its dimension are not significant.By improving the abil-ity of agricultural risk identification and impact resistance,digital finance has a direct impact on the resilience of agricultural econ-omy.At the same time,it can also stimulate agricultural science and technology innovation and promote the upgrading of industrial structure to indirectly promote the resilience of agricultural economy.The promotion effect of digital finance on the resilience of ag-ricultural economy is only significant in the eastern region,and its promotion effect gradually increases with the improvement of hu-man capital.Affected by the digital divide,low human capital areas show inhibitory effect.Therefore,it is necessary to continuously optimize the rural financial environment,improve farmers'digital literacy,activate agricultural science and technology innovation with the help of digital finance,and help improve the resilience of agricultural economy.
digital financeagricultural economic resilienceagricultural science and technology innovationadvanced industrial structurehuman capital
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