Research On The Impact Of Digital Inclusive Finance On The High-Quality Development Of Agriculture In China

High quality agricultural development is the internal requirement of rural revitalization and the inevitable choice of building an agricultural power.In the early days of reform and opening up,extensive agricultural production and operation methods with high input and high energy consumption were used to increase agricultural production in order to meet the needs of the people.With the development of The Times,the traditional driving force of agriculture is weak,so it is urgent to promote the transformation and upgrading of agriculture,with green agriculture and quality agriculture as the main theme to achieve high-quality agricultural development.Financial constraint is the main dilemma that restricts the development of agriculture,rural areas and farmers.For a long time,traditional finance has excluded rural areas from financial services,resulting in the huge number of rural residents unable to enjoy financial services,and the lack of funds for agricultural transformation.Relying on digital technologies such as the Internet,big data and 5G,digital inclusive finance,as a product of digital and inclusive finance,has advantages such as low cost,wide coverage and high efficiency,which further improves the penetration of financial services in rural areas and provides efficient and convenient financing channels for the vast number of rural long-tail people.Promoting digital inclusive finance to sink into rural areas is one of the effective ways to achieve high-quality development of rural agriculture.Based on this,this paper takes 31 provinces(municipalities)in China from 2011 to 2020 as research objects,analyzes the internal mechanism of digital inclusive finance and high-quality agricultural development,and builds an evaluation index system for high-quality agricultural development.Models such as fixed effect,system GMM,panel quantile and intermediary effect were used to explore the impact of digital inclusive finance on the high-quality development of agriculture.The results showed that:(1)the development of digital inclusive finance in China showed an overall upward trend,with periodic characteristics: the 12 th Five-Year Plan period from 2011 to 2015 was a period of rapid growth;The 13 th Five-Year Plan period from 2016 to 2020 is a period of slower growth.The difference of development level between regions is small,and the trend of the national level is basically consistent.China’s agricultural high-quality development level is in a low level of growth,increasing from 0.1655 in 2011 to 0.2606 in 2020,with an average annual growth rate of 0.951%,and the overall change difference between regions is small.(2)Digital inclusive finance can significantly promote the high-quality development of agriculture,and its coverage breadth,depth of use and degree of digitization all promote the high-quality development of agriculture,but their influence degrees are different,showing a decreasing state in turn.Digital inclusive finance lowers the threshold for farmers to obtain funds,promotes rural development,increases farmers’ income and promotes high-quality agricultural development.(3)Digital inclusive benefits indirectly promote high-quality agricultural development through the upgrading of agricultural industrial structure.One of the features of digital inclusive finance is the close connection between digital technology and agricultural production activities,which promotes the digital development of rural industrial elements,improves the allocative efficiency among agricultural elements,and finally promotes the upgrading of agricultural industrial structure.The upgrading of agricultural industrial structure is conducive to the optimization of rural ecological environment,the sustainable development of rural economy and the creation of a good environment for the high-quality development of agriculture.(4)The regression coefficients of digital inclusive finance on agricultural high-quality development in western China,northeastern China,central China and eastern China were 0.0403,0.0240,0.0234 and0.0203,respectively,which showed that digital inclusive finance had regional heterogeneity on agricultural high-quality development.It fully shows that digital inclusive finance has the effect of alleviating the Matthew effect,and has the most significant effect on the western region where the economic development level is relatively backward.Accordingly,suggestions are put forward to accelerate the development process of digital inclusive finance,promote the integration of digital inclusive finance into agricultural development in multiple dimensions,promote the upgrading of agricultural industrial structure,and accelerate the pace of coordinated development among regions to achieve high-quality agricultural development.