Research On The Impact Of Digital Inclusive Finance On Farmers’ Livelihood And Prosperity

The 19 th National Congress of the Communist Party of China put forward the strategy of rural revitalization,and the 20 th National Congress clearly promoted rural revitalization in an all-round way,and the prosperity of farmers as one of the general requirements of the rural revitalization strategy is an important starting point for solving the "three rural areas" problem in China and realizing the common prosperity of all the people.As the lifeblood of economic development,finance can provide credit support for rural economic development and is an indispensable part of the process of realizing farmers’ prosperity.However,traditional commercial finance also has various problems in serving rural areas,the emergence of digital inclusive finance provides new ideas and methods to support farmers’ prosperity,so it is particularly important to study the relationship between digital inclusive finance and farmers’ prosperity.Firstly,through theoretical analysis,this paper shows the current situation of farmers’ life affluence.Secondly,using the panel data of 204 prefecture-level cities across the country,the impact of digital inclusive finance on the prosperity of farmers in the region and neighboring areas was empirically studied,and the following conclusions were obtained: first,digital inclusive finance can promote the prosperity of farmers in the region;Second,digital inclusive finance can not only promote the prosperity of farmers in the region,but also promote the prosperity of farmers in the region by promoting industrial structure upgrading and improving the level of urbanization.Thirdly,the coverage and depth of use of digital inclusive finance will promote the prosperity of farmers,but the degree of digitalization will inhibit the prosperity of farmers,and digital inclusive finance will promote the prosperity of farmers in the eastern,central and western regions,and play a greater role in the eastern and western regions.Fourth,digital inclusive finance and farmers’ life affluence show a positive aggregation of "high-high" and "low-low" at the spatial level,but the development of digital inclusive finance has a certain inhibitory effect on the prosperity of farmers in neighboring areas.Firstly,government should deepen the development of digital inclusive finance,innovate digital inclusive financial products,improve digital inclusive financial infrastructure,and strengthen the popularization of digital inclusive financial knowledge;Secondly,vigorously develop rural industries and promote industrial structure upgrading;Thirdly,strengthen inter-regional cooperation and improve the spillover effect of digital financial inclusion.