Research On The Impact Of Digital Inclusive Finance On Rural Revitalization In Shandong Province

For China,which is a large agricultural and population country,the "Three rural issues" have become an important issue for national development.Among them,the 19 th National Congress of the Communist Party of China first proposed the strategy of rural revitalization and formulated the Strategic Plan for Rural Revitalization(2018-2022),which elevated the priority development of agriculture and rural areas to a new level of national strategy.As the country’s important "Vegetable basket" and "Food bag",Shandong Province has comprehensively promoted the revitalization of the countryside and created a "Qilu model" for rural revitalization,and has achieved obvious results in agriculture and rural areas in terms of industry,ecology and people’s livelihood.However,There are many constraints on rural credit in the region,and the per capita income of rural residents is low,making financing for the "Three rural areas" difficult and expensive,which affects the sustainable development of the agricultural economy and the further implementation of the rural revitalization strategy.Digital inclusive finance can take advantage of its low cost,wide coverage and fast speed to provide financial services to those customers who find it difficult to reach traditional inclusive financial services,reduce the cost and threshold of financial products,and increase the accessibility,universality and coverage of financial services,making it an important financial tool to help promote rural revitalization.Therefore,It is of theoretical and practical significance to study the impact of digital inclusive finance on rural revitalization in Shandong Province,to analyze in depth the relationship between the two,and to clarify the mechanism of rural entrepreneurial activity in the impact of digital inclusive finance on rural revitalization,so as to provide reference for the relevant departments to formulate subsequent guidelines.After sorting out the relevant research results,this paper first summarizes and outlines the concepts and theories related to digital inclusive finance and rural revitalization,so as to provide a certain theoretical foundation for the later research.Secondly,the paper clarifies the direct mechanisms of digital inclusive finance for rural revitalization and its five subdimensions,and uses the activity of rural entrepreneurship as a mediating variable to analyze the indirect mechanism of digital inclusive finance on rural revitalization.Thirdly,macro data such as the Shandong Statistical Yearbook was collated and combined with charts and graphs to summarize and analyse the current situation of the development of digital inclusive finance and rural revitalization in Shandong Province.Subsequently,this paper constructs an evaluation system for the development level of rural revitalization in the context of the "Twenty-word policy" of rural revitalization,and uses the entropy method to measure the development level of rural revitalization in 16 cities in Shandong Province from 2011 to 2020.Finally,Based on the construction of a fixed-effects model,a systematic GMM model and a mediating-effects model,the direct and indirect effects of digital inclusive finance on rural revitalization in Shandong province were studied empirically,and a heterogeneity analysis was carried out in terms of regional human capital levels.Combining literature review,current situation analysis,mechanistic analysis and empirical results,this paper draws the following conclusions.Firstly,the level of development of digital inclusive finance in Shandong Province has increased rapidly,but there are regional differences in the degree of development at the city level,and the breadth of coverage and depth of use have become important indicators of the level of development of digital inclusive finance in each city.Secondly,the development of rural revitalization in Shandong Province has achieved certain results,but there are also geographical differences in rural revitalization in Shandong Province at the city level due to differences in the agricultural and ecological foundation of each city and other aspects.Thirdly,Digital inclusive finance and its three subdimensions can effectively promote the development of rural revitalization,and digital inclusive finance has a significant contribution in all five dimensions of rural revitalization.Fourthly,rural entrepreneurial activity plays a mediating role in the impact of digital inclusive finance on rural revitalization,reflecting that digital inclusive finance can promote rural revitalization development by enhancing rural entrepreneurial activity.Fifthly,the impact of digital inclusive finance on rural revitalization is characterized by heterogeneity in terms of human capital levels.The higher the level of human capital,the more obvious is the role of digital inclusive finance in promoting rural revitalization.Therefore,in order to give full play to the promotional role of digital inclusive finance in rural revitalization,the system of digital inclusive finance and rural revitalization should be improved in terms of improving the construction of rural infrastructure,increasing the implementation of digital inclusive finance,creating a good environment for rural entrepreneurship and improving the level of rural human capital,so as to further enhance the capacity of financial services for rural revitalization.