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Research on Digital Inclusive Finance Promoting the Integration of Rural Three-Industry

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  • Heping Ge

    (School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China)

  • Bowen Li

    (School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China)

  • Decai Tang

    (School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China
    Office of Financial Affairs, Jiangsu Open University, Nanjing 210000, China)

  • Hao Xu

    (Office of Financial Affairs, Jiangsu Open University, Nanjing 210000, China)

  • Valentina Boamah

    (School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China)

Abstract

The development of digital financial inclusion helps create a healthy rural financial ecological environment and plays an important role in integrating rural tertiary industries. This paper incorporates digital financial inclusion into the rural tertiary industry integration research framework. Furthermore, it adopts the double-difference method to empirically analyze the impact of the development of digital financial inclusion on rural tertiary industry integration from the perspective of policy impact. In addition, it considers regional differences in the financial ecological environment; robustness tests were carried out using methods such as placebo tests and validated the conduction mechanism. The study through the double-difference model found that digital financial inclusion is very conducive to promoting rural tertiary industry integration; using the quantile DID (difference in differences) method to analyze the heterogeneity, it is concluded that there is a heterogeneous impact on rural tertiary industry integration. It exerts a more significant improvement in provinces and cities with higher rural tertiary industry integration levels. Constructing an intermediary effect model to verify the transmission mechanism concludes that the policy has promoted the improvement of rural tertiary industry integration efficiency by promoting technological innovation, improving agricultural modernization, and building a risk-sharing mechanism. Finally, it puts forward policy recommendations from optimizing the financial ecological environment, rationally allocating financial resources, and perfecting the transmission mechanism.

Suggested Citation

  • Heping Ge & Bowen Li & Decai Tang & Hao Xu & Valentina Boamah, 2022. "Research on Digital Inclusive Finance Promoting the Integration of Rural Three-Industry," IJERPH, MDPI, vol. 19(6), pages 1-18, March.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:6:p:3363-:d:769948
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