The Income Effect of Rural Households'Engagement in Digital Economy and Its Mechanisms in the Context of Common Prosperity
This paper uses the survey data of 836 rural households from Sichuan,Chongqing,and Ningxia provinces in western China,and empirically examines the effects and their mechanisms of rural households'engagement in digital economy on their income level and income inequality.The results show that rural households'engagement in digital economy significantly facilitates the increase of their income and reduces the income inequality.Through the pathways of digital public service accessibility,information sharing,agricultural entrepreneurship,and the improvement of credit rating and contract awareness,rural households'engagement in digital economy results in a co-prosperity effect The heterogeneity analysis shows that for the households with higher digital literacy level of the household's financial decision-maker,with rural elite status,and in villages with more labor mobility,the co-prosperity effect of digital economy engagement is greater.The study further finds that the digital economy engagement of grain crop and commercial crop farmers on their income and income inequality has a double threshold effect based on the scale of crop planting.Therefore,it is necessary to optimize the digital transformation of the agricultural industry chain and the design of the mechanism of linking agriculture with agriculture,improve the power structure and credit system of farmers in the digital era,and enhance the inclusiveness of the development of digital economy.
Digital EconomyIncome EffectCommon ProsperityEntire Agricultural Industry ChainEmpowermentCredit System