| Traditionally inclusive finance dominated by banks and other financial institutions has some drawbacks that are difficult to get rid of,such as limited access,high cost,lack of innovation,makes the promotion of inclusive finance in rural areas difficult,influenced by social and economic factors at the same time,the different areas of the rural financial development degree is also far.In recent years,China’s digital finance has developed rapidly and is considered as a potential transformative model to expand financial supply and achieve financial inclusion,which can effectively cope with the challenges faced by the sustainable development of inclusive finance and alleviate the difficulties in rural financial development.Considering that the characteristics and development logic of digital finance are greatly different from traditional finance,but some studies believe that digital finance has not gotten rid of the essence of traditional finance,then in practice,does the development of rural digital finance still follow the path of traditional finance? Digital finance has successfully connected with the rural market.What is the development mode of rural digital inclusive finance? In terms of spatial development characteristics,how is the distribution dynamic of digital inclusive finance development in rural areas,how does the spatial difference change,and whether there is some convergence mechanism? At the same time,considering the complexity and diversity of rural social and economic conditions,whether there are significant differences in the development of different regions,whether backward regions can catch up with financial development,and whether the development of digital finance can achieve the due meaning of inclusive finance.At present,few studies have carried out in-depth and detailed analysis on these problems.Based on this background,to reveal the development characteristics of China’s rural inclusive financial characteristics,to reasonable review of the current digital effect of financial development in rural areas,this paper makes a theoretical analysis of the different stages of the emergence and development of digital finance in China from the perspective of the theoretical attributes of digital finance,to puts forward the theoretical judgment of the development trend of digital finance on this basis.At the same time,it analyzes the existing business model of rural digital inclusive finance development to explore the practical logic of the development of digital inclusive finance.Then based on the county level from 2014 to 2018 in inclusive financial and social economic data,using kernel density estimation method,the Dagum gini coefficient to explore the distribution dynamic of rural inclusive financial development and regional differences,with the variation coefficient method and durbin spatial panel model test the sigma convergence and convergence characteristics,dynamic,careful,strive to fully describe the spatial distribution of the rural inclusive financial characteristics.The findings are as follows :(1)in theory,the development of digital finance is path-dependent to some extent,but the convergence trend of rural digital inclusive finance development is becoming more and more obvious due to the digital attributes;(2)in terms of development mode,the key to the development of digital inclusive finance lies in that it fills the credit data gap in rural areas and breaks through the credit bottleneck of traditional finance in rural areas;(3)from the perspective of distribution dynamics,the development level of digital inclusive finance in rural areas as a whole tends to rise significantly,and the counties with high and low levels of digital inclusive finance development are converging to the average level nationwide,and the absolute differences are greatly reduced,although there is a weak divergence trend in the development of digital inclusive finance in the later period;(4)from the perspective of regional differences,the overall relative differences of rural digital financial inclusion level during the observation period showed a downward trend,the contribution rates of intra-regional and inter-regional differences were reduced to different degrees compared with the beginning of the observation period,and the disequilibrium phenomenon was greatly reduced;(5)from the point of view of the convergence characteristics,the development of digital inclusive finance in rural areas as a whole and in the eastern,central and western regions shows typical σ convergence;visit to rural inclusive financial obvious features of space agglomeration,thus introducing spatial factors,found that the overall and regional inclusive financial level exists not only absolute convergence,remains conditional convergence trend,at the same time,economic development level,traditional financial and information level of social and economic factors also plays an important role in the digital financial development process,but in different areas,different stages of development,has obvious effects in relatively backward areas.In general,the different perspectives of theoretical and practical analysis show that spatial convergence is the inevitable trend of the development of rural digital inclusive finance,and inclusive is its due meaning.Finally,based on the full analysis,get the following policy implications: first,the credit in the process of digital financial and financial development are at the core position,so to strengthen the integration of all kinds of market main body credit information system,around the user to establish a unified and comprehensive credit system,to enhance the financial service suppliers of financial inclusive ability.Secondly,the depth of use will become an important driving force for the development of digital inclusive finance.Therefore,the publicity and education of digital finance should be strengthened to improve farmers’ cognition and depth of use of digital finance,promote the development of rural digital inclusive finance in the direction of depth.Thirdly,when formulating and implementing relevant policies and plans,the spatial agglomeration characteristics and spatial spillover effects of digital financial development should be taken into account,and financial institutions in developed regions should be supported to make use of digital technology advantages such as big data and mobile Internet to radiate backward regions,so as to narrow the development gap between regions and within regions.Finally,rural digital inclusive finance varies from region to region and at different stages of development,and the corresponding social and economic factors have different influences on digital finance.Therefore,corresponding policies and measures should be introduced according to local conditions and current conditions to achieve the optimal social effect. |
