Research on the Effect of Rural Inclusive Financial Ecological Environment on Rural Household Income in China

Ge, Haiwen; Tang, Lianzhen; Zhou, Xiaojun; Tang, Decai; Boamah, Valentina

doi:10.3390/ijerph19042486

Cited by 23 publications

(10 citation statements)

References 40 publications

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“…Because of its targeted marketing function and naturally green nature, DFI can accurately (but conditionally) provide sufficient funds for green business activities related to planting, breeding, animal husbandry, and rural tourism. This helps high-quality production factors flow into environmental protection projects, such as green agriculture and guiding the green transformation of traditional agriculture while reducing the moral and adverse selection problems caused by information asymmetry [45][46][47]. For example, the use of a comprehensive platform of green finance in Quzhou City, China, has helped established a carbon account system, covering carbon accounts in six fields: industry, agriculture, energy, construction, transportation, and individuals.…”

Section: Direct Impact Of Dfi On Agtfpmentioning

confidence: 99%

Digital Financial Inclusion, Land Transfer, and Agricultural Green Total Factor Productivity

2023

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Improving agricultural green total factor productivity is important for achieving high-quality economic development and the SDGs. Digital inclusive finance, which combines the advantages of digital technology and inclusive finance, represents a new scheme that can ease credit constraints and information ambiguity in agricultural production. First, this study focused on agro-ecological functions; we incorporated total agricultural carbon sequestration and emissions extraction into the evaluation system and used the mixed-direction-distance function to calculate agricultural green total factor productivity. Then, based on panel data from 31 provinces in China collected from 2011 to 2021, we used the two-way fixed effect model, the interactive fixed effect, and the plausibly exogenous variable method to test the impact of digital financial inclusion on agricultural green total factor productivity, and its mechanism of action. The panel-corrected standard error and fixed effect Driscoll–Kraay methods were used to account for the unobserved heterogeneity and cross-section dependence in the panel data. The results showed that digital financial inclusion can significantly improve agricultural green total factor productivity. This conclusion remained valid following robustness tests using the spatial econometric model and the method of changing explanatory variables. Digital financial inclusion can improve agricultural green total factor productivity by facilitating the transfer of agricultural land. Sound digital infrastructure and strict green credit policies enhance the role of digital inclusive finance in promoting the green development of agriculture. These conclusions could help the financial sector to formulate flexible, accurate, reasonable, and appropriate financial policies and products that would support agriculture, and enhance the role of digital inclusive finance in promoting sustainable agricultural development.

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Section: Direct Impact Of Dfi On Agtfpmentioning

confidence: 99%

Digital Financial Inclusion, Land Transfer, and Agricultural Green Total Factor Productivity

2023

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“…[35] Ge et al studied on rural income and found "wage income, operating income, and transfer income among the income types undergo a certain degree of promotion" due to DIF. [11] But these gains are not immediate; many studies found that there is a threshold effect from DIF in the form of a "U-shape"-DIF's benefits only show accelerated impact on growth after an inflection point before which DIF acts inhibitory. [30] Li et al further found that the effect of DIF on green total factor productivity "shows a trend in the middle, followed by the east, and later in the west," and the study also implied that "improving the agglomeration degree of producer services and optimizing the upgrading of the industrial structure" could help promote a green economy.…”

Section: Literature Reviewmentioning

confidence: 99%

The Mechanism of DIF’s Effect on Economic Growth: Evidence from Seven Countries

Luo¹

2023

AEMR

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Digital Financial Inclusion (DIF) gains growing momentum as digitalization accelerates and financial technologies burgeon in recent years. This study finds some causes of DIF's impact on economic growth with multiple linear regression analyses under mediating variables. Based on data from seven global countries from 2011-2021, the empirical result finds that innovation, coverage, literacy, and attitude play essential roles in driving economic growth in DIF, respectively, and cooperatively. Future implications derived from the results are that policymakers should incentivize investments in R&D, network infrastructure, financial education programs, and financial awareness campaigns, enhance consumer protection against malpractice and fraud, and foster trust by strengthening regulations on corporate responsibility.

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“…The agricultural support funds it provides for rural areas can enhance the technological content and intensification of agricultural industries, revitalize idle land in rural areas, promote the upgrading of rural industrial institutions, and drive the income growth of farmers. Second, the establishment of a more extensive and in-depth financial service system will help broaden the capital management channels of rural residents, and the securities, funds, trusts, and insurance institutions rooted in rural areas can break through the single financial management channel of cash collection and savings, meet the diversified financial needs of rural residents, and promote the growth of farmers' income (Ge et al, 2022). Finally, the development of digital inclusive finance will help enhance the risk management ability of farmers.…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Can China’s digital inclusive finance help rural revitalization? A perspective based on rural economic development and income disparity

Xiong

Fan

et al. 2022

Front. Environ. Sci.

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The development of digital inclusive finance in China can help alleviate the problems of the “three rural areas” and contribute to rural revitalization. The impact of digital inclusive finance on rural revitalization is examined by multiple linear regression, mediated effect model, and threshold effect model in a sample of 30 provinces in China from 2011 to 2020. It is found that (1) the digital inclusive finance index and its sub-indicators - the breadth of digital financial coverage and depth of digital financial use - can promote rural revitalization in China, but the digitalization degree of its sub-indicators does not have a significant linear effect on rural revitalization, but a “U” shaped relationship of first inhibiting and then promoting, with 2017 as the boundary. (2) The regional heterogeneity test reveals that the promotion effect of the digital financial inclusion index and its sub-indicators of digital financial coverage breadth and digital financial usage depth on rural revitalization is more significant in the eastern coastal and central inland provinces, and insignificant in the western remote areas. (3) The mediating effect test finds that digital inclusive finance in China can contribute to rural revitalization by promoting economic growth in rural areas and narrowing the income gap between urban and rural areas. (4) The threshold effect test reveals that there is a single threshold effect of digital inclusive finance and its three sub-indicators on rural revitalization in China. When the digital inclusive finance index and the three sub-dimensions are below the threshold value, they have a facilitating effect on rural revitalization, and after crossing the threshold value, their facilitating effect on rural revitalization becomes more significant. Based on the empirical analysis results, this paper puts forward suggestions for improving the development mechanism of digital inclusive finance, formulating differentiated financial support policies and strengthening financial supervision according to regional differences, and establishing a long-term mechanism for rural revitalization, to promote China’s rural revitalization.

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Research on the Effect of Rural Inclusive Financial Ecological Environment on Rural Household Income in China

Cited by 23 publications

References 40 publications

Digital Financial Inclusion, Land Transfer, and Agricultural Green Total Factor Productivity

Digital Financial Inclusion, Land Transfer, and Agricultural Green Total Factor Productivity

The Mechanism of DIF’s Effect on Economic Growth: Evidence from Seven Countries

Can China’s digital inclusive finance help rural revitalization? A perspective based on rural economic development and income disparity

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