| Poverty is a global social problem.With economic development,poverty management has shifted from addressing the absolute poverty of the poor in terms of food,clothing,and shelter to the relative poverty of enhancing the development capacity of the poor.2020 will see the elimination of absolute poverty and China will enter a new stage of a well-off society.Thereafter,the focus of China’s modernization will gradually shift to achieving common prosperity and addressing and alleviating multidimensional relative poverty.The most important aspect of multidimensional relative poverty management is access to capital,which can generally be obtained from traditional finance,but the amount of access is small and difficult due to not only the obvious problem of financial exclusion,but also the complexity of operations,inefficiency,and poor information.In 2019,the Central Committee of the Communist Party of China(CPC)and the State Council released the Outline of Digital Rural Development Strategy,which calls for continuing to lower the threshold of rural financial services and innovating rural Inclusive financial services.Now with the development of financial institutions,unlike traditional finance that expands to depth,digital inclusive finance expands to the breadth of financial services and is a financial industry that provides services to low-income groups and is an enabler of rural poverty governance.Therefore,it is of great significance to study the multidimensional relative poverty relationship between digital inclusive finance and farmers.Based on the research of digital inclusive finance and multidimensional relative poverty at home and abroad,this study draws lessons from the theory of financial development and poverty alleviation,and analyzes the present situation of multidimensional relative poverty and digital inclusive finance by using the data of PKU-DFIIC of Peking University and CHFS of China.Multiple linear regression was used to verify the effects of digital inclusive finance index and fractal index on multidimensional relative poverty,and the effects of digital inclusive finance on farmers with different degrees of multidimensional relative poverty.Then,based on the perspective of heterogeneity,the differences of the effects of digital inclusive finance on farmers’ multidimensional relative poverty were analyzed,and the mechanism of digital inclusive finance in alleviating multidimensional relative poverty was tested from three perspectives: financial availability,financial literacy and farmers’ entrepreneurship.Finally,corresponding suggestions were put forward according to the conclusions.Research conclusions: First,digital inclusive finance can significantly alleviate the multidimensional relative poverty of farmers.Among them,compared with the coverage and depth of use,the degree of digitalization has the greatest effect on multi-dimensional poverty reduction of farmers.In terms of dimensions,digital inclusive finance has a positive impact on farmers’ income ability and development ability,but it will aggravate the poverty of living environment.Secondly,the multi-dimensional alleviation effect of digital inclusive finance on farmers with different degrees of multi-dimensional relative poverty presents a "V" shape,and the poverty alleviation effect is higher for farmers with low multi-dimensional relative poverty.Thirdly,on the level of regional heterogeneity,digital inclusive finance has a greater role in reducing the multi-dimensional relative poverty of farmers in the eastern region;On the level of individual heterogeneity,it can effectively alleviate the multi-dimensional relative poverty of farmers with low human capital and low social capital,indicating that it is inclusive and inclusive,and it is necessary to popularize it widely in rural and remote areas.Fourthly,the intermediary effects of financial availability,financial literacy and farmers’ entrepreneurship all exist,that is,digital inclusive finance enhances financial availability,promotes financial literacy and promotes farmers’ entrepreneurship,thus improving farmers’ multidimensional relative poverty. |
