A Study On The Impact Of Digital Inclusive Finance On The Income Of Rural Residents In China

The victory of the task of poverty alleviation in 2020 not only marks China’s formal entry into a moderately prosperous society,but also marks that China’s social development has entered a new stage with the goal of consolidating the achievements of poverty alleviation and realizing rural revitalization.With the popularization of the Internet and the development of rural finance,digital inclusive finance plays an increasingly important role in promoting farmers’ income.In the past,most of the research focused on the relationship between inclusive finance and farmers’ per capita disposable income,while there were fewer studies on farmers’ income from different sources and the impact mechanism,which made it unclear to us which aspects of digital inclusive finance affect farmers’ income and how to affect farmers’ income.In order to solve these questions,it is necessary to conduct in-depth research on digital inclusive finance and rural residents’ income.In order to study the relationship between digital inclusive finance and rural residents’ income,on the basis of referring to the relevant research of various scholars,the factors affecting the income of rural residents are sorted out,and according to the relevant theories,it is found that digital inclusive finance may have an impact on the income of rural residents through social economic growth and income distribution effects.At the same time,in order to ensure the accuracy of the research in light of the actual situation,we will understand the development status of digital inclusive finance and the income of rural residents in the decade from 2011 to 2020,and analyze the correlation between digital inclusive finance and rural residents’ income.On this basis,the appropriate variables are selected to construct an econometric model for empirical analysis.Through the study of both theory and measurement,the following conclusions have been drawn: First,the development and promotion of digital inclusive finance can promote the increase of rural residents’ income,of which the increase in the breadth of coverage is the most obvious,and the results are stable;Second,the impact of digital inclusive finance on farmers’ incomes is heterogeneous in income and region.Digital inclusive finance has a positive and significant effect on farmers’ wages,operations and transfer income,but it does not have an obvious effect on farmers’ property income.For farmers in the eastern and central regions,digital inclusive finance mainly affects farmers’ wages,operations and transfer incomes.For farmers in the western region,digital inclusive finance mainly increases farmers’ operating,property and transfer income;Third,through the analysis of the intermediary mechanism,it is found that there is indeed a transmission mechanism of "digital inclusive finance→ promoting social and economic development→ increasing the income of rural residents" and "digital inclusive finance→ promoting income distribution → increasing the income of rural residents".In this regard,we need to strengthen the infrastructure construction of digital inclusive finance,increase the penetration of digital inclusive finance in rural areas,and pay attention to the popularization of financial education for farmers,so as to better play the effect of digital inclusive finance on rural residents.