The Impact Of Digital Inclusive Finance On Total Factor Productivity In County Agriculture

At present,the development of county agriculture in Shandong Province faces many serious challenges,agricultural production is fragmented,the scale of industry is small,the degree of agricultural production intensification and industrialization is low,the allocation of production factors is uneven,the construction of agricultural infrastructure is not perfect and the technical skills of the labor force is low,and other problems seriously Impede the productive development of the agricultural economy on the traditional production model of repeatedly investing in labor factors to improve land productivity.In addition,agricultural investment has the disadvantages of long cycle time and high risk,and farmers have difficulty in obtaining the required funds;furthermore,it is not conducive to improving the level of agricultural mechanization,expanding the scale of agricultural industry,and developing and transforming new agricultural technologies,which seriously restricts the improvement of total factor productivity in agriculture.With the development of digital inclusive finance in counties,digital financial services can provide financial guarantee for agricultural production and operation,accelerate strategic technological innovation in agriculture,improve the level of agricultural mechanization and realize the application and promotion of agricultural technology,and then improve the degree of production intensification,devote to improving labor productivity,and promote the transformation of agriculture from increasing production in quantity to improving quality and efficiency,which is greatly beneficial to improving total factor productivity in agriculture.Based on the above background,this thesis explores the impact of digital inclusive finance on total factor productivity in agriculture using 78 counties in Shandong Province from 2015 to 2020 as the research sample.This thesis compares the relevant research results of both digital inclusive finance and agricultural total factor productivity separately and establishes the research direction of this thesis.Based on financial development theory,credit rationing theory and total factor productivity theory,we summarize and analyze the direct and mediating effects of digital inclusive finance on total factor productivity in agriculture,and propose a research hypothesis.This thesis first uses the fixed-effect model to study the impact of digital inclusive finance and its sub-dimensions on agricultural total factor productivity,then uses the mediating effect model to study the mediating mechanism of agricultural capital deepening and human capital level between digital inclusive finance and agricultural total factor productivity,and finally uses the panel quantile model to study the impact of digital inclusive finance on agricultural total factor productivity under different quantile of agricultural total factor productivity.The impact of digital inclusive finance at different agricultural total factor productivity quartiles.The empirical results show that first,digital inclusive finance has a positive effect on agricultural total factor productivity,and the breadth of coverage,depth of use,and degree of digitization also have positive effects on agricultural total factor productivity;second,digital inclusive finance can improve agricultural total factor productivity by enhancing agricultural capital deepening and human capital level;third,the effect of digital inclusive finance on agricultural total factor productivity can be limited by agricultural total factor productivity itself.total factor productivity itself,the higher the agricultural total factor productivity of the county,the stronger the effect of digital inclusive finance on its enhancement.The research results of this thesis provide a reference for counties to promote the development of digital inclusive finance and enhance agricultural total factor productivity.