Research On The Impact Of Digital Inclusive Finance On Farmers' Income Growt

Since the founding of New China,China has always regarded poverty eradication as an inevitable requirement for building a moderately prosperous society in an all-round way and realizing common prosperity for the people.Under the central leadership of the CPC Central Committee and the hard work of the Chinese people,China has lifted itself out of poverty by2020 and achieved the first centenary goal.However,the gap between urban and rural development is still obvious.Problems of "agriculture,rural areas and farmers" need to be solved.Therefore,solving "three rural issues" is an important task in the subsequent development of our country,should establish a long-term effective support mechanism in rural areas,continue to improve farmers’ income level.Financial development can effectively promote the financing of rural areas,which is of great significance to the increase of farmers’ income.In recent years,digital inclusive finance,which relies on modern information technologies such as big data,artificial intelligence and blockchain,has solved problems such as high service cost,small coverage area and difficult data sharing.It has many advantages that traditional inclusive finance does not have,providing a new way to solve the problems of "agriculture,rural areas and farmers".This thesis firstly describes the research background and significance,then reviews the literature from four aspects,and points out the innovation points of the research.Then,it establishes the theoretical basis from the theory of financial development and income growth respectively,and analyzes the direct impact,spatial spillover effect and threshold effect of digital financial inclusion on farmers’ income.Secondly,in the analysis of the current situation,the development history and policy evolution of Chinese digital inclusive finance are briefly summarized,and then the development status of Chinese inclusive finance and digital inclusive finance is directly displayed through the form of charts.Finally,in the empirical analysis part,based on the panel data of 30 provinces from 2011 to 2019,the thesis empirically tests the specific paths of the impact of digital financial inclusion on farmers’ income growth by constructing spatial measurement models and threshold models using a variety of measurement methods,including direct effect,spatial spillover effect and threshold effect.The research conclusions of this thesis mainly include: First,in the part of theoretical research,from the direct aspect,digital financial inclusion continuously increases farmers’ income with inclusion effect,poverty reduction effect and economic growth effect,and there are threshold characteristics in the influence process;Indirectly,the development of digital financial inclusion can boost the incomes of local farmers as well as those in neighboring regions.Second,in the analysis of the current situation,China’s agricultural loan balance,micro-credit balance,online payment penetration rate and other fields continue to develop in a healthy way,the construction of digital inclusive finance has made great progress,although the development level of digital inclusive finance shows a pattern of "high school in the east and low in the west",but the development gap between regions is narrowing.Thirdly,in the empirical analysis,digital financial inclusion in our country can significantly promote the growth of farmers’ income,and this conclusion is still valid when endogenous considerations are taken into account.Digital inclusion finance has a positive spatial spillover effect on the growth of farmers’ income.The development of digital inclusion finance not only contributes to the increase of local farmers’ income,but also promotes the growth of farmers’ income in neighboring areas.There are two thresholds for the impact of digital inclusive finance on farmers’ income growth,and after crossing the two thresholds,the income increasing effect of digital inclusive finance is improved.Heterogeneity analysis shows that,on the one hand,in the process of promoting farmers’ income growth,digital inclusive finance coverage breadth and depth of use have significant positive spatial spillover effect,while digitalization degree has significant negative spatial spillover effect.On the other hand,in the process of promoting the growth of farmers’ income,the coverage of digital inclusive finance has a double threshold effect,while the depth of use and the degree of digitization have a single threshold effect.