The development of digital financial inclusion helps create a healthy rural financial ecological environment and plays an important role in integrating rural tertiary industries. This paper incorporates digital financial inclusion into the rural tertiary industry integration research framework. Furthermore, it adopts the double-difference method to empirically analyze the impact of the development of digital financial inclusion on rural tertiary industry integration from the perspective of policy impact. In addition, it considers regional differences in the financial ecological environment; robustness tests were carried out using methods such as placebo tests and validated the conduction mechanism. The study through the double-difference model found that digital financial inclusion is very conducive to promoting rural tertiary industry integration; using the quantile DID (difference in differences) method to analyze the heterogeneity, it is concluded that there is a heterogeneous impact on rural tertiary industry integration. It exerts a more significant improvement in provinces and cities with higher rural tertiary industry integration levels. Constructing an intermediary effect model to verify the transmission mechanism concludes that the policy has promoted the improvement of rural tertiary industry integration efficiency by promoting technological innovation, improving agricultural modernization, and building a risk-sharing mechanism. Finally, it puts forward policy recommendations from optimizing the financial ecological environment, rationally allocating financial resources, and perfecting the transmission mechanism.
The Yangtze River economic belt is an inland river economic belt with international influence composed of 11 provinces and municipalities in the Yangtze River Basin. This paper uses the super-efficiency model to calculate the green total factor productivity of 11 provinces and municipalities in the Yangtze River economic belt (YREB). Then we establish a model to study the impact of industrial structure upgrading, industrial structure rationalization, and environmental regulation on green total factor productivity (GTFP). Empirical analysis shows that the industrial structure upgrading and environmental regulation have a significant impact on GTFP and show regional characteristics. The more developed the economy and the higher the industrial structure, the greater the impact of upgrading and environmental regulation on GTFP. Compared with other control variables, the urbanization rate impacts GTFP, followed by regional economic development.
It is of great significance to study the impact of innovation-driven strategy on high-quality development. This paper investigates the relationship between the economic development quality index (EDQI) and the innovation-driven index (IDI) using the entropy method based on China’s macroeconomic data from 2000 to 2019. It examines the impacts of innovation-driven strategy on the economy using systematic cluster analysis and the impact of innovation on economic development quality through regression analyses. Results of empirical analyses illustrate that the innovation-driven strategy of China has played an important role in the quality of economic development. Still, the lack of hard innovation leads to primary and secondary industries’ insufficient development quality. Different innovation indicators have different effects, and the overall efficiency of financial research funds is insufficient. Further, the results also show that the positive role of innovation-driven strategy is mainly realized through high-tech markets in China. Therefore, R&D investment should focus on high-tech industries or fields related to the national economic lifeline or strategic industries, such as environmental protection, microchips, and high-end instruments industries in China. This paper attempts to study the effect of China’s innovation-driven strategy on the quality of economic development to provide reference experience for developing countries’ sustainable economic development.
With the continuous practice of the “Belt and Road” initiative, the countries along the “Belt and Road” have achieved rapid social and economic development. However, environmental problems have become increasingly prominent. Around the world, there are comments that China’s “Belt and Road” initiative is a result of resource plundering, transfer of backward production capacity, and environmental degradation of countries along the line. This study quantitatively evaluated the static, dynamic, linear, and non-linear effects of China’s foreign direct investment on the carbon emissions of countries along the line. The results showed that: (1) The direct effect of China’s foreign direct investment on the carbon emissions of countries along the route was significantly negative. (2) The economic scale and industrial structure effects of China’s foreign direct investment increased the carbon emissions of countries along the route. The production technology effect suppressed the carbon emissions of countries along the route and played a leading role. (3) The estimation results of the system generalized method of moments showed that the carbon emissions of countries along the route were significantly affected by the lag period, but the impact was small. (4) The results of the threshold regressive model showed that the GDP and proportion of industrial added value had significant threshold effects on the carbon emissions effect of China’s outward foreign direct investment. When the GDP of countries along the route exceeded 7.2696, China’s outward foreign direct investment carbon emissions reduction effect could not be realized; when the proportion of the industrial added value of countries along the route was lower than 4.0106, China’s outward foreign direct investment carbon emission reduction effect could not be realized. Based on the research conclusion, we concluded that China and countries along the “Belt and Road” should strengthen cooperation on carbon emissions reduction, jointly promote low-carbon construction of industrial parks, accelerate cooperation on green energy projects, and establish a green development fund to achieve sustainable development of the countries along the “Belt and Road”.
After a long struggle against poverty, the problem of absolute poverty among Chinese rural residents has been solved, but the problem of relative poverty still exists. With digitalization, the ecological environment of rural inclusive finance has been optimized. This paper empirically tests the individual fixed-effect model and finds that digital inclusive finance has a positive income-increasing effect on rural residents. Wage income, operating income, and transfer income among the income types undergo a certain degree of promotion, while property income is affected to the contrary. In addition, digital inclusive finance has the same effect on farmers’ income increases in the east and central regions of China. However, it has a slightly smaller impact on farmers in the west. This paper uses a spatial econometric model and finds that promoting the development of local digital inclusive finance will enhance the income level of local farmers and increase the income of neighboring farmers. Therefore, this paper proposes to speed up the development of digital inclusive finance, optimize the rural financial ecological environment, strengthen government supervision and other recommendations, further enhance farmers’ income, and achieve common prosperity.
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