Digital Inclusive Finance as a Catalyst for Rural Revitalization: An Empirical Analysis from the County Development Perspective in Hubei Province

The Impact of Digital Inclusive Finance on Rural Revitalization

“…According to the research purpose, this article first constructs a panel regression model with fixed effect to test the relationship between digital inclusive finance and rural revitalization, which is similar to Luo et al (2023) and Liu et al (2023c) who also tried to uncover the impact of digital finance on rural development by employing such method: In this model, RR, as the explained variable, represents the level of rural revitalization and development in various provinces and cities; DF is the core explanatory variable, which is the logarithm of the digital financial inclusion index; X is the vector of control variable including Urban, TV, GDP, Aging, and SUP according to previous literatures focusing on the digital inclusive and rural revitalization such as Chen et al ( 2022), Luo et al (2023), andLiu et al (2023c). Urban represents the urbanization level, TV denotes for the comprehensive program population coverage, GDP is the economic performance measured by logarithm of per capita GDP, Aging stands for the elderly population dependency ratio.…”

“…Similarly, Zha and Liu (2023) utilized the Anhui province as the sample to study the impact of digital finance on rural revitalization and found that the digital finance and the coverage of it would improve rural revitalization, while the depth cannot affect it. Xiong et al (2022a) tried to study the impact of digital inclusive finance on rural revitalization from the view of economic development and income disparity and declared that digital inclusive finance contributes to rural revitalization, which is supported by Liu et al (2023c) and Luo et al (2023).…”

Does Digital Inclusive Finance Help County Level Governance in the Five Provinces of Northwest China, from the Perspective of Economic Resilience?

“…With the penetration of digital power in the world, the combination of various digital technologies with the financial industry promotes the development of digital inclusive finance, playing an increasingly prominent role in increasing the amount of loanable funds available to enterprises and individuals, reducing financial costs, broadening the coverage of financial services, lowering the threshold of access to financial services, and widening the channels of capital supply for financial institutions [18]. The inclusive and sharing performance of digital inclusive finance can better realize the sinking and diversification of service objects, expand the financial availability of vulnerable groups and ease liquidity constraints, meaning that the long-tail population will realize greater economic effects [19]. Meanwhile, this not only reduces the financial cost of transtemporal transactions between financial institutions, enterprises and individuals, but also breaks the boundary of traditional financial services and lowers the threshold of access to digital financial services.…”