The Research On Financial Support For The Integration And Development Of China’s Industries

The integration of rural industries is an important way to cultivate new driving forces in rural areas,develop new rural economies and realize rural revitalization strategies.The essence of industrial integration is to realize the penetration,intersection and reorganization of industries and industries.In the whole process,a large amount of capital investment is inseparable.At present,due to the existence of the urban-rural dual economic structure,financial exclusion and low availability of financial service products prevail in rural areas.Due to the difficulty of enjoying financial services,the funds of many agricultural business entities mainly come from self-raised funds,which greatly hinders the enthusiasm of agricultural production and business entities and hinders the process of integrated development of rural industries.Therefore,effective financial support is the key to alleviating the financing difficulties of industrial integration entities in rural areas,and is also an important means to promote rural industrial integration and rural economic development.Based on the related theories of rural finance and rural industry integration,this paper discusses the internal logic of financial support for rural industry integration development,and proposes three hypotheses about the impact of financial support on rural industry integration development.And from four aspects of agricultural industry chain extension,agricultural multifunctional expansion,agricultural multi-format composite and new technology penetration,the overall index of rural industry integration development level is constructed,and the panel data of 31 provinces and cities in China from 2010 to 2019 is selected,and the entropy value is used.The indicators were calculated using the method.On the basis of grasping the current situation of my country’s rural industry integration development and financial support,it analyzes the problems existing in my country’s financial support for rural industry integration development.In order to verify the relevant hypotheses,this paper empirically tests these hypotheses using an individual time double fixed effect model.In order to explore the regional heterogeneity of financial support on the integration of rural industries,this paper divides the sample into three regions:the eastern,central and western regions for empirical analysis.The empirical results show that:(1)For the whole sample,financial support can not only It has a direct impact on the integration of rural industries,and can promote the integration and development of rural industries by promoting agricultural technological innovation and rural investment.(2)From a regional perspective,financial support in the eastern,central and western regions can have a positive impact on the integration of rural industries,and the role in the eastern region is more obvious;the test results of the intermediary mechanism show that there are obvious differences between regions.In the eastern region,financial support The integration and development of rural industries can be promoted from two aspects:agricultural technology innovation and rural investment.However,in the central and western regions,financial support can only promote the integration and development of rural-industries through rural investment,but cannot affect the integration of rural industries through agricultural technology innovation.Finally,according to the empirical conclusions,this paper proposes guidance from three aspects:improving the financial support system,strengthening the input of agriculture-related loans;promoting the support of the government and financial institutions for agricultural technological innovation and rural investment,and adopting differentiated financial support policies between regions.Policy recommendations on financial support for the integrated development of rural industries.