Research On The Effect And Mechanism Of Digital Inclusive Finance In Alleviating Rural Relative Poverty In Shandong Provinc

The effective solution of the "three rural" issues is related to the national livelihood plan,an d is an inevitable requirement for building a harmonious society and promoting common prosper ity.As a major agricultural province in China,Shandong Province has basically solved the regio nal poverty problem after comprehensively winning the poverty alleviation battle.However,ther e are still problems such as uneven development between urban and rural areas and a large gap b etween the rich and the poor.As a vulnerable group,farmers are in a vulnerable position in the di stribution of national income.Therefore,promoting the coordinated development of urban and ru ral areas and alleviating relative poverty in rural areas has become an important task at present.T he digital development of inclusive finance has helped expand the scope of financial services and improve accessibility,and has played an important role in promoting the economic development of rural areas.Therefore,in poverty alleviation efforts,inclusive finance is considered an import ant poverty alleviation mechanism by governments at all levels.Digital inclusive finance is the p roduct of the deep integration of the Internet and inclusive finance,with good inclusiveness,avai lability,and comprehensiveness.The emergence of digital inclusive finance has brought new ide as to poverty alleviation work.In view of this,this study will deeply analyze the poverty reductio n effect and mechanism of digital inclusive finance on rural relative poverty in Shandong Provin ce,and provide useful ideas for solving the problem of relative poverty in Shandong Province at this stage.This article will combine theoretical analysis and empirical analysis to study the mitigation effect and impact mechanism of digital inclusive financial development on rural relative poverty in Shandong Province.First of all,this paper puts forward the function mechanism of digital incl usive finance in Shandong Province to alleviate farmers’ relative poverty from the theoretical lev el,constructs the theoretical framework for analysis,and carries out benchmark analysis and rob ustness test.Secondly,we use the municipal panel data from 2011 to 2020 to analyze the heteroge neity of the effect of digital inclusive finance on rural relative poverty alleviation in different dim ensions,regions and income categories.Thirdly,the threshold effect is used to test the correlatio n between various dimensions of digital inclusive financial index and rural relative poverty.Final ly,an impact path analysis is conducted to examine the mediating effects of rationalization of ind ustrial structure,upgrading of industrial structure,and farmers’ non agricultural employment on t he alleviation of rural relative poverty through digital inclusive finance under the regulatory effe ct of digital tools.Based on the above research,the conclusions are as follows: First of all,digital inclusive fin ance in Shandong Province has a mitigating effect on farmers’ relative poverty.After conducting a robustness test,the conclusion remains valid.Secondly,the two-dimensional index of digital in clusive finance(depth of use,breadth of coverage,and degree of digitalization)and the three-di mensional index(credit,insurance,and payment)have the effect of alleviating rural relative pov erty,and the size of the two-dimensional index’s alleviation effect on rural relative poverty is in t he order of depth of use,degree of digitalization,and breadth of coverage,while the size of the t hree-dimensional index’s alleviation effect on rural relative poverty is in the order of credit index,payment index Insurance index: In the analysis of regional heterogeneity,the digital inclusive fi nance in the provincial capital economic circle and the southern Shandong economic circle has a alleviation effect on rural relative poverty,and the poverty reduction effect in the provincial capit al economic circle is greater than that in the southern Shandong economic circle,while the digita l inclusive finance in the eastern Shandong economic circle will aggravate the relative poverty of farmers.Digital inclusive finance has a mitigating effect on the relative poverty of all income ca tegories,and the effect is in the order of transfer income,wage income,operating income and pr operty income.Third,digital inclusive finance,depth of use,coverage,and payment index have a single threshold effect on the alleviation of rural relative poverty.Digital inclusive finance,dep th of use,and payment index have a better effect on rural poverty reduction with the rise of their own development level,while coverage has a weakened effect on rural poverty reduction with th e rise of their own development level.Fourthly,under the regulatory effect of digital tools,there is a mediating effect between the rationalization of industrial structure and farmers’ non agricultu ral employment in the process of alleviating rural relative poverty through digital inclusive finan ce,while the mediating effect has not yet been exerted by the upgrading of industrial structure.U nder the regulatory mediating effect,digital inclusive finance can promote the alleviation of relat ive poverty through promoting the rationalization of industrial structure and farmers’ non agricult ural employment.Digital tools have a positive regulatory effect on the rationalization of industria l structure and the alleviation of farmers’ relative poverty,while they have a negative regulatory e ffect on the alleviation of farmers’ non agricultural employment and farmers’ relative poverty.Combining theoretical analysis and empirical analysis,this paper proposes that we can deve lop digital inclusive finance in an all-round way to achieve rural revitalization;Put forward differ entiated policy recommendations for different regions;To eliminate the "information gap" and "d igital divide",and put forward corresponding policy recommendations in terms of obtaining fina ncial and digital dividends.