Research On The Impact Of Digital Inclusive Finance On Rural Economic Resilienc

Under the dual structure of urban and rural areas,China’s rural labor force loss,lack of factor endowments and poor industrial foundation have led to serious “anemia” and “blood loss” in the development of rural areas.Coupled with the frequent occurrence of natural disasters and public health incidents,which further aggravate the uncertain and unstable development situation,the vulnerability of rural economy continues to be highlighted,becoming a major shortcoming that restricts the overall effectiveness of China’s economic system and socialist modernization construction.Enhancing the resilience of rural economy is the key to reducing the vulnerability of rural economy and activating the endogenous power of rural development.This paper explores the impact mechanism of rural economic resilience from the perspective of digital inclusive finance,which refers to the combination of digital technology based on the Internet and inclusive finance,and is deeply integrated into the development process of China’s modern countryside,and is usually considered as an effective means to promote economic development.Firstly,this paper constructs a theoretical analysis framework of digital inclusive finance affecting the resilience of rural economy based on path dependence and resilience theory.Secondly,the evaluation index system of rural economic resilience is constructed based on resistance,resilience and reconstructive power,and the provincial level of rural economic resilience in China is measured.Finally,the impact of digital inclusive finance on rural economic resilience and its mechanism of action are empirically tested.The research results show that(1)the development level of digital inclusive finance in each region shows an upward trend from 2011 to 2020.(2)During the observation period,the level of rural economic resilience shows a stable growth trend,with decreasing characteristics of“reconstructive power-resilience-resistance”,with large disparities between regions and further expansion of disparities within each region.(3)Digital financial inclusion can significantly improve the resilience level of China’s rural economy,mainly through resistance and reconfiguration.From the sub-dimensions of digital inclusive finance,the breadth of coverage,the depth of use,and the degree of digital support all have a significant contribution to rural economic resilience,with the degree of influence decreasing in turn.After robustness tests,this conclusion still holds.(4)Rural industrial integration and entrepreneurial activism are important channels through which digital inclusive finance promotes rural economic resilience,and the reform of household registration system helps strengthen the enhancement effect of digital inclusive finance on rural economic resilience.(5)The promotion effect of digital inclusion finance on rural economic resilience is greater in regions with better economic development and education levels.Based on the above conclusions,the following policy recommendations are put forward:(1)Give full play to the enhancing role of digital inclusive finance in rural economic resilience,and improve the breadth of coverage,depth of use and degree of digital support of digital inclusive finance.(2)Promote the integrated development of rural industries in a comprehensive and highquality manner,starting from the extension of industrial chains,the mining of functional values and the cultivation of new business models.(3)To stimulate rural residents’ enthusiasm for innovation and entrepreneurship,and give full play to the positive role of entrepreneurial incentives in cultivating rural economic resilience.(4)To further improve the reform of the household registration system and promote the free flow of labor and other factors of production.(5)Strengthen regional economic and educational development to synergistically enhance rural economic resilience.