Study On The Influence Of The Development Of Digital Inclusive Finance On Fishermen’s Income In Zhejiang Province

"The most arduous and onerous task of building a modern socialist country in an allround way is still in the countryside," the report of the Communist Party of China pointed out.To comprehensively promote the great rejuvenation of the Chinese nation with Chinese-style modernization,we need to seize the opportunity of the development of digital economy and promote rural revitalization.Nowadays,the combination of digital technology and traditional finance has produced a new development model of inclusive finance--digital inclusive finance model.Compared with traditional inclusive finance,digital inclusive finance has the advantages of low cost and strong inclusion,and plays an important role in promoting financial development in rural areas.Zhejiang Province has a good economic foundation and an early start in the development of digital financial industry,so its development level of digital inclusive finance is higher than the national average level.Meanwhile,Zhejiang Province is rich in Marine resources,but fishermen in remote island areas still have problems such as a large income gap and difficulty in obtaining financial services.Therefore,in this context,this thesis studies the impact of the development of digital inclusive finance on fishermen’s income in Zhejiang Province,which is conducive to improving fishermen’s income and narrowing the gap between rich and poor in promoting the revitalization of fishing villages in Zhejiang Province.In order to consolidate the achievements of poverty alleviation,it explores a sustainable revitalization and development path for fishing villages.This thesis takes the digital inclusive finance and fishermen’s income in Zhejiang Province as the research object to explore the possible relationship.Firstly,it defines the concepts of inclusive finance,digital inclusive finance and fishermen’s income.Then it summarizes the traditional financial development theory and income distribution theory and collects relevant domestic and foreign literature from the perspectives of traditional inclusive finance and digital inclusive finance.Then,on the basis of literature reading,the development status of digital inclusive finance and fishermen’s income in Zhejiang Province is analyzed,as well as the specific mechanism of action and influence ways,and then four research hypotheses are proposed.Secondly,using the income level data of fishermen in Zhejiang Province from 2011 to 2020 and the digital inclusive finance index of Zhejiang Province sorted out by Peking University,the panel model is established for empirical research.The total sample test of the benchmark model was carried out,and then quantile regression,fractal dimension test and intermediate effect test of fishermen’s income level were carried out to verify the hypotheses mentioned above.Then,endogeneity discussion and robustness test were carried out on the regression results,aiming to more accurately analyze the relationship between the development of digital inclusive finance and the income level of fishermen in Zhejiang Province.Finally,on the basis of the previous research,the conclusion is drawn and the existing problems are pointed out,and relevant suggestions are put forward.Based on the research,this thesis draws the following conclusions:(1)The development of digital inclusive finance in Zhejiang Province helps to improve fishermen’s income.(2)The development of digital inclusive finance has a heterogeneous effect on fishermen with different income levels,as shown in the following aspects: the income increase effect of the development of digital inclusive finance on low-and middle-income fishermen is greater than that of high-and middle-income groups,which is conducive to narrowing the income gap.(3)In terms of action mechanism,digital inclusive finance in Zhejiang Province can promote fishermen’s income in terms of coverage breadth,depth of use,digitization degree and service products;Digital inclusive finance indirectly improves fishermen’s income through investment in fishery fixed assets,optimization of fishery industrial structure and promotion of fishermen’s employment.At the same time,it is found that there are some problems between the digital inclusive finance and fishermen’s income in Zhejiang province,such as the low digitalization level and the insufficient employment of fishermen.Based on this,this thesis puts forward four suggestions:(1)Improve the infrastructure of digital inclusive finance and enhance the degree of digitalization.(2)Popularize digital financial inclusion knowledge and expand the scope of financial services.(3)Strengthen innovation in digital financial inclusion products and deepen financial services.(4)Promote the pilot reform of digital financial inclusion and pursue differentiated development.