Author(s)

Xiao Liu ¹

Affiliation(s)

¹ Guangxi Normal University, Guilin, China

Corresponding Author

Xiao Liu

ABSTRACT

Based on provincial panel data from 2012-2021, this paper focuses on the impact of digital inclusive finance development on rural industry revitalization in China. Distinguish from existing research, we not only analyzes the impact of digital inclusive finance on the revitalization of rural industry revitalization in general terms, but also analyze the structural characteristics of the impact of digital inclusive finance on rural industrial revitalization regarding the breadth of coverage, depth of use, degree of digitization, different levels of development, and different regions. The results show that, the development of digital inclusive finance in general can significantly promote the rural industry revitalization; The impact is mainly manifested in the depth of use and the degree of digitization, but the impact of the degree of coverage is unstable; this conclusion is consistent across subgroups of different levels of digital inclusive finance; in addition, digital inclusive finance can affect rural industrial revitalization by promoting the rural industrial integration pathway; and there is heterogeneity between regions in the impact of digital inclusive finance on rural industrial revitalization. To further promote the revitalization of rural industries, the development of digital inclusive finance in rural areas should be continued and intensified, and Measures to promote the integrated development of primary, secondary and tertiary industries, and design development paths tailored to local conditions.

KEYWORDS

Rural finance; digital inclusive finance; Industrial revitalization; Heterogeneous impacts

CITE THIS PAPER

Xiao Liu, Impact of digital inclusive finance development on rural industry revitalization—Observations of rural China. Financial Engineering and Risk Management (2024) Vol. 7: 130-143. DOI: http://dx.doi.org/10.23977/ferm.2024.070417.

REFERENCES

[1] Shen Yun;Chen Hui;Chen Xiaojuan. (2020). Establishment and empirical analysis of evaluation index system for the revitalization of rural industry. World Agriculture, 02, 59-69.
[2] Guo, F., Wang, J., Wang, F., Kong, T., Zhang, X., & Cheng, Z. (2020). Measuring China's digital financial inclusion: Index compilation and spatial characteristics. China Economic Quarterly, 19(4), 1401-1418.
[3] Zhang, L., & Wen, T. (2019). Realistic dilemma, model innovation and policy coordination of rural financial development: based on the perspective of industrial integration. Research on Financial and Economic Issues, 2, 53-62.
[4] Li, Y., Chen, J. H., & Chen, C. (2017). On the evaluation index system of agriculture convergence development and its application to Beijing. Science and Technology Management Research, 37(04), 55.
[5] Li, M., Feng, S., & Xie, X. (2020). Heterogeneity effects of digital inclusive finance on urban-rural income gap. J. Nanjing Agric. Univ. Soc. Sci. Ed, 20, 132-145.

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