The impact of digital inclusive finance on rural revitalization based on econometric models
DOI: 10.23977/accaf.2023.040311 | Downloads: 129 | Views: 1253
Author(s)
Ziye Qiu 1
Affiliation(s)
1 School of International Education, Wuhan University of Technology, Wuhan, 430700, China
Corresponding Author
Ziye QiuABSTRACT
Finance is an essential component of modern economy, and rural revitalization cannot be separated from financial support. Digital inclusive finance can better support rural revitalization as an innovative sector developed through the growth of the Internet and inclusive finance. The level of rural revitalization in 260 Chinese prefecture-level cities is measured in this study using prefecture-level city panel data from 2011 to 2020. The development of digital inclusive finance is then tested for its effects on rural revitalization using the fixed-effects model and the mediated-effects model. It is found that digital inclusive finance effectively promotes rural revitalization, and this promotion effect still holds after considering the endogeneity problem. There is significant heterogeneity in digital inclusive finance for rural revitalization. Digital inclusive finance promotes rural revitalization by enhancing the level of regional financial development and innovation. To promote rural revitalization, the development of digital inclusive finance needs to be comprehensively promoted, and every effort needs to be made to smooth the path of digital inclusive finance to empower rural revitalization.
KEYWORDS
Digital Inclusive Finance, Rural Revitalization, Financial DevelopmentCITE THIS PAPER
Ziye Qiu, The impact of digital inclusive finance on rural revitalization based on econometric models. Accounting, Auditing and Finance (2023) Vol. 4: 76-85. DOI: http://dx.doi.org/10.23977/accaf.2023.040311.
REFERENCES
[1] Ozili P K. Impact of digital finance on financial inclusion and stability[J]. Borsa Istanbul Review, 2018, 18(4): 329-340.
[2] Buchak G, Matvos G, Piskorski T, et al. Fintech, regulatory arbitrage, and the rise of shadow banks[J]. Journal of financial economics, 2018, 130(3): 453-483.
[3] H.L. Zhang, Y.Y. Wang. Convergence study of digital inclusive finance and the level of high-quality agricultural development [J]. Financial Theory and Practice, 2021, 1: 9-18.
[4] Chen Yajun. Research on the Role Mechanism of Digital Inclusive Finance for Rural Revitalization and Development [J]. Modern Economic Discussion, 2022.
[5] KANG Shusheng, YANG Nana. Analysis of the effect of digital inclusive financial development to promote rural industrial revitalization [J]. Financial Theory and Practice, 2022.
[6] MEI Yan, JIANG Yuqing. Mechanism of synergistic development of rural e-commerce industry agglomeration and regional economy in the context of rural revitalization - A multi-case study based on the life cycle theory of industrial clusters[J]. China Rural Economy, 2020 (6): 56-74.
[7] DU Zhixiong, LUO Qianfeng, YANG Xin. Characteristics of high-quality agricultural development, development dilemma and realization path: a literature review[J]. Journal of Management Cadre College of Ministry of Agriculture and Rural Development, 2021, 4: 14-25.
[8] Wu, Xiaolong. How Digital Rural Governance is Possible: An Overarching Analytical Framework[J]. E-Government, 2022, 6: 37.
[9] YANG Jianghua, WANG Yujie. Digital village construction and the logic of generating new demographic dividend in the countryside[J]. Journal of Humanities, 2022(4):81-89.
[10] WANG Yan, SUN Zhenglin. Research on efficient allocation of rural financial resources in China under the background of rural revitalization[J]. Journal of Suzhou University (Social Science Edition),2022,43(3):138-148.
[11] Dawson P J. Financial development and economic growth in developing countries[J]. Progress in Development Studies, 2008, 8(4): 325-331.
[12] YANG Nan, MA Chaoxin. Dynamic inverted-U evolution and decline point prediction of the impact of China's financial development on urban-rural income gap[J]. Financial Research,2014(11):175-190.
[13] XU Xue,WANG Yongyu. Measurement of China's rural revitalization level, decomposition of regional differences and dynamic evolution[J]. Research on Quantitative and Technical Economics,2022,39(5):64-83.
[14] Ma H , Sun W .Research on the Countermeasures of digital Inclusive Finance to help China's Rural Revitalization[J].Francis Academic Press, 2021(14).DOI:10.25236/IJFS.2021.031412.
Downloads: | 7159 |
---|---|
Visits: | 72542 |
Sponsors, Associates, and Links
-
Information Systems and Economics
-
Industrial Engineering and Innovation Management
-
Tourism Management and Technology Economy
-
Journal of Computational and Financial Econometrics
-
Financial Engineering and Risk Management
-
Accounting and Corporate Management
-
Social Security and Administration Management
-
Population, Resources & Environmental Economics
-
Statistics & Quantitative Economics
-
Agricultural & Forestry Economics and Management
-
Social Medicine and Health Management
-
Land Resource Management
-
Information, Library and Archival Science
-
Journal of Human Resource Development
-
Manufacturing and Service Operations Management
-
Operational Research and Cybernetics