| The COVID-19 epidemic and multiple risks such as climate change,natural disasters,and trade frictions have made it one of the most urgent challenges to maintain national security to stabilize the fundamentals of agriculture,ensure stable and increase agricultural production,and comprehensively promote high-quality agricultural development.However,the problem is that our country’s agricultural development faces serious investment and financing bottlenecks such as a serious shortage of rural financial services,which has become a prominent financial mechanism obstacle to the high-quality development of our country’s agriculture.Digital inclusion finance has the innate inclusive advantage.Therefore,it is of great academic value to study the role of digital inclusion finance in serving the high-quality development of agriculture.First of all,based on the collation and review of the high-quality research documents in agriculture,this paper discusses the influence mechanism of digital inclusive finance by alleviating the defects of traditional inclusive finance in supporting the high-quality development of agriculture.Secondly,this paper builds indicators for high-quality agricultural development based on the five major development concepts,and uses the objective empowerment method for data processing.Then,this paper uses the dual-fixed effect model to test the supporting role of digital inclusive finance on the high-quality development of agricultural development,and uses six methods such as replacing interpretation variables and randomly eliminating some data for stable testing.Then,the paper uses three methods,including system GMM,instrumental variable method and increasing control variables,to test endogeneity.Then,the spatial lag model is used to test the spatial spillover effect of digital inclusion finance on high-quality agricultural development,and the robustness test is conducted by replacing the spatial weight matrix.Finally,this paper conducts heterogeneity test by financial service type,digital financial inclusion secondary index and geographical classification.Based on the panel data of 31 provinces in China from 2011 to 2019,this paper testes the supporting role and spatial spillover effect of digital financial inclusion on high-quality agricultural development,and reached the following conclusions: First,there is absolute and conditional β convergence on digital inclusive finance and high-quality agricultural development,and digital inclusive finance has a significant role in promoting high-quality agricultural development.Heterogeneity analysis found that digital insurance and digital payment financial services have direct impact on the high quality development of agriculture,but digital credit effects are not significant.Through further inspection,it is found that the effect of digital credit is significantly positive when the competition degree of commercial banks and digital development are continuously strengthened.From the perspective of digital inclusive finance indicators,its support for high-quality agricultural development is significant.From the point of regional examination,it is found that the eastern and western regions have significant effect.Second,through correlation analysis,it is found that digital inclusive finance and high-quality agricultural development have obvious space correlation.The agglomeration distribution has the characteristics of high levels and low levels of agglomeration.In addition,digital inclusive finance has a significant spatial spillover effect on high-quality agricultural development.The further decomposition effect reflects that the high-quality agricultural development of a province is not only related to the development level of digital inclusive finance in its own province,but also related to neighboring provinces to some extent.The spatial heterogeneity of the spillover effect was found by regional heterogeneity test,and the spillover intensity was greater in the middle than in the east than in the west.The research conclusions have certain reference significance for digital inclusive finance to support high-quality agricultural development,promote rural revitalization and achieve common prosperity. |
