Research On The Impact Of Digital Inclusive Finance On Rural Revitalization And Development

In the backdrop of the overall advancement of the countryside rejuvenation strategy,there are still many issues in the development of China’s rural economic development,such as conventional farm production methods that are unable to accommodate the demands of contemporary agriculture,population aging in urban areas and labor migration,etc.Rural rejuvenation is an essential policy for China’s economic advancement,and it is imperative to address these issues in an effort to comprehensively promote rural rejuvenation.As the Internet science and technology is changing rapidly,the relationship between the banking industry and digital technology is getting keener and keener.Based on the Internet technology,the conventional financial organizations have broken the geographical constraints on the traditional financial services and promoted the construction of the inclusive financial system towards the digital system,and the digital inclusive finance has also burst into infinite vitality in this process.The creation of digital inclusive finance creates conditions for solving the problems of insufficient endogenous power and lack of exogenous supply in the process of rural revitalization.Existing studies believe that the progress of Internet technology and the development of inclusive finance can facilitate the development of rural rejuvenation,but an in-depth study is needed on whether and how digital inclusive finance can facilitate the development of rural rejuvenation.Based on this,this conference further studies the influences of digital inclusive finance on rural rejuvenation development on the basis of previous studies,explicates the influence system of digital inclusive finance on rural rejuvenation development,and puts out reasonable and effective political proposal in consideration of the research outcome.In this article,based on the diagnosis of numerical popularization finance and rural rejuvenation principles,the mechanism of numerical popularization finance’s influence on the rapid development of rural rejuvenation is illustrated as well as the research hypothesis is proposed.Through compiling the situation of countryside digital inclusive finances development in China,the main problems existing at the current stage of countryside digital inclusive finances implementation are evaluated.Starting from the five conditions of rural renewal development,the countryside review system is built,which contains three levels of indicators,and measures the village revitalization development level using the entropy weight technique,and conducts sub-regional opinions on the renewal development level and digital inclusive finance development level.On this ground,we selected panel statistics of 31provinces(city and autonomous region)in China from 2011 to 2019 and employed an empirical test of the research assumptions using an individual fixed effects pattern.The indicators of five dimensions in the appreciation system of rural rejuvenation development level,such as flourishing industry,ecological livability,township style civilization,effective leadership,and abundant living,were considered as mechanism variables to test the reliability of the influential mechanism of digital inclusive finance on rural rejuvenation development illustrated in this paper.The data are also partitioned according to three geographic regions,namely,eastern,the central and western regions,to investigate the regional hierarchy of the impact of digital financial inclusion on countryside rejuvenation.As a follow-up and innovation to the above studies,this dissertation uses a doorstep effect model to investigate the non-linearity of the impact of digital inclusive finance on rural revitalization and to determine whether this impact is subject to the constraints of other factors.At last,targeted polymer recommendations are proposed based on the research findings.The conclusions of this essay are: 1.There is a notable contribution of digital inclusive finance to rural renewal development;2.There are regional hierarchies in the forward facilitating action of digital financing for rural rejuvenation and the promoting action of digital banking is more significant in regions with poor development status of countryside rejuvenation;Nationally,it is more significant in the Western part than in the Midlands and in the Midlands than to the East;3.There is non-linearity in the positive impact of the digital inclusive finance on countryside rejuvenation development,that is to say,the role of digital inclusive finance in contributing to countryside rejuvenation development is constrained by the degree of Internet advancement.