Research On The Impact Of Digital Inclusive Finance On The Employment Of Rural Residents In Shandong Province

With the advancement of reform and opening up and the continuous optimization of industrial structure,while China’s economy is rapidly growing and entering a new stage of development,new employment problems have also emerged.The labor force released by the traditional primary industry has not been properly resettled,causing many rural residents to face employment difficulties,which will affect economic stability and social development.The emergence and development of digital inclusive finance benefits rural impoverished groups,vulnerable groups,and small and micro enterprises,helping these groups who are discriminated against by traditional finance to have easier access to financial services and alleviate financial exclusion.By alleviating rural financing constraints,stimulating rural innovation activities,stimulating rural entrepreneurship activities,and improving rural residents’ financial literacy,it promotes rural residents’ employment.Employment is the most basic livelihood of our country.Promoting the employment of rural residents can make great contributions to accelerating high-quality development in the new era,achieving common prosperity of the people and long-term stability of the country.Although Shandong Province’s GDP is among the top in the country,as a populous province,its rural population base is large,and there are differences in the employment status of rural residents in different cities and cities,and they have not yet achieved full employment.The employment problem of rural residents in underdeveloped areas urgently needs to be solved.Digital inclusive finance can promote the employment of rural residents in Shandong Province and improve the current situation of rural employment,but no scholars have conducted in-depth research on this topic.Therefore,exploring the impact of digital inclusive finance on the employment of rural residents in Shandong Province has important theoretical value and practical significance.Based on panel data of 16 cities in Shandong Province from 2011-2021,this paper uses fixed effect model and spatial lag model to study the impact of digital inclusive finance development on rural residents’ employment in Shandong Province.Firstly,define the concepts of digital inclusive finance and rural residents’ employment and sort out relevant theories,and analyze the impact mechanism of digital inclusive finance on rural residents’ employment.Secondly,by analyzing the overall development level of digital inclusive finance and the current situation of rural residents’ employment in Shandong Province and various cities,it can be concluded that the development level of digital inclusive finance and the employment level of rural residents in various cities are continuously improving.Thirdly,based on the panel data of various cities,the fixed effect model and spatial lag model are established for empirical analysis.The fixed effect results show that digital inclusive finance has a significant positive impact on rural residents’ employment;Regional heterogeneity analysis found that digital inclusive finance has a significant positive impact on the employment of rural residents in the eastern region of Shandong Province and the Jiaodong Economic Circle;The spatial effect results indicate that the development of digital inclusive finance has a significant positive impact on the employment of rural residents in this region,while there is a significant negative spatial spillover effect on the employment of rural residents in other regions.It can be seen that vigorously developing digital inclusive finance and promoting coordinated development among various regions are important ways to promote employment for rural residents in Shandong Province.Finally,based on the empirical results,this article proposes the following countermeasures and suggestions.Firstly,improve the construction of rural digital inclusive financial infrastructure.Expand the coverage of rural communication network infrastructure and increase the penetration rate of the internet and smartphones;Reduce the cost of rural broadband usage;Increase the business outlets and professional personnel of rural financial institutions.Secondly,implement precise policies tailored to local conditions to promote the coordinated development of digital inclusive finance among regions.Utilize the digital and economic advantages of the central and eastern regions,provincial capital economic circles,and Jiaodong economic circles,reduce the transaction costs of digital finance,and enrich and innovate digital inclusive financial tools;We should implement policy preferences for the western region and the Lunan Economic Circle,and accelerate the integration of financial institutions with digital technology;Strengthen regional communication and cooperation to avoid disorderly competition.Thirdly,accelerate the integration and development of the three major rural industries.For the primary industry,rely on digital agriculture technology to complete the Digital transformation of agriculture and accelerate the integration and development of rural industries;For the second and third industries,reduce the cost of financial services,expand the scope of rural financial services,guide rural residents to use digital financial products,and establish and develop local small and medium-sized enterprises.Fourthly,support rural entrepreneurship activities.Introduce relevant policies;Lowering the entry threshold for financial markets;Encourage and guide digital inclusive financial institutions to actively participate in and support innovation and entrepreneurship activities.