| After a long-term battle against poverty,the problem of absolute poverty among rural residents in China has basically been solved,but the problem of relative poverty still exists.With the use of digitalization,the environment for the development of inclusive finance in rural areas has been optimized.In 2021,China’s No.1 Central Document first proposed "developing rural digital inclusive finance".The creation of digital inclusive finance digitizes inclusive finance,enabling digital technology to better benefit the long-tail market,helping to consolidate and expand the results of poverty eradication,and holding the bottom line of "preventing largescale poverty return".Therefore,the focus of this paper is on how to use digital inclusive finance to further the well-being of rural residents and establish a long-term income generation mechanism.In order to investigate the mechanism and effects of digital inclusive finance development in rural areas,this paper uses a combination of theoretical and empirical analysis.In the theoretical part,this paper uses financial exclusion theory,long-tail theory,trickle-down theory and externality theory to investigate the mechanism of rural digital inclusive finance to increase income,including direct influence mechanism,indirect influence mechanism and spatial spillover mechanism.In the empirical research part,this paper selects data from 30 provinciallevel administrative regions in China from 2011 to 2020 combined with relevant econometric models to explore the income enhancement effects of rural digital inclusive finance,including direct effects,intermediary effects and spatial effects.Based on the above research analysis,this paper draws the following conclusions: First,the development of digital inclusive finance can promote the overall growth of rural residents’ income.(1)For different income structures of rural residents,digital inclusive finance contributes to the growth of farmers’ wage income,business income and transfer income,while the impact on property income is not obvious.(2)For different income groups of rural residents,digital inclusive finance has a stronger effect on the lower income groups of rural residents,thus narrowing the income gap and alleviating the relative poverty problem.(3)For rural residents in different geographic locations and different economic growth rates,digital inclusive finance has a stronger effect on the income of rural residents in less developed regions such as the central and western regions of China,as well as in regions with faster economic growth and more development potential.Second,digital inclusive finance can indirectly improve the income of rural residents by increasing the level of urbanization and e-commerce development.It shows that digital inclusive finance can promote equal opportunities and raise the income of rural residents in a multi-dimensional and multi-modal way,which helps to achieve rational allocation of resources and inclusive social growth.Third,the income-raising effect of rural digital inclusive finance has spatial spillover,i.e.,the development of digital inclusive finance will not only raise the income level of rural households in the region,but also increase the income of rural households in neighboring regions.Therefore,this paper puts forward suggestions to optimize the ecological environment of rural digital inclusive finance development,accelerate the development of digital inclusive finance in rural areas,and strengthen the synergistic cooperation of regional industries and enterprises to further promote farmers’ productivity and income,promote rural revitalization,and achieve common prosperity. |
