IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v53y2023ics154461232200798x.html
   My bibliography  Save this article

Digital inclusive financial services and rural income: Evidence from China's major grain-producing regions

Author

Listed:
  • Lian, Xu
  • Mu, Yueying
  • Zhang, Wenyu

Abstract

We investigate the income effects of the digital inclusive finance on rural residents in the main grain-producing regions of China. By matching the DIF of Peking University with the CLDS household questionnaire data, the baseline results indicate that digital inclusive finance has a significant positive effect on the income of rural residents in the main grain-producing regions. Further, we examine the potential mechanism through which digital inclusive finance affects rural residents' income, and our empirical results show that digital inclusive finance can contribute to rural residents' income growth in terms of entrepreneurship, financial investment, non-agricultural employment and mechanized production.

Suggested Citation

  • Lian, Xu & Mu, Yueying & Zhang, Wenyu, 2023. "Digital inclusive financial services and rural income: Evidence from China's major grain-producing regions," Finance Research Letters, Elsevier, vol. 53(C).
    • Handle: RePEc:eee:finlet:v:53:y:2023:i:c:s154461232200798x
    DOI: 10.1016/j.frl.2022.103622
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S154461232200798X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2022.103622?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Yang Liu & Chunyu Liu & Mi Zhou, 2021. "Does digital inclusive finance promote agricultural production for rural households in China? Research based on the Chinese family database (CFD)," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 13(2), pages 475-494, January.
    2. Zhang Yu & Asif Razzaq & Abdul Rehman & Adeel Shah & Kiran Jameel & Rahul S Mor, 2022. "Disruption in global supply chain and socio-economic shocks: a lesson from COVID-19 for sustainable production and consumption," Operations Management Research, Springer, vol. 15(1), pages 233-248, June.
    3. Yanling Li & Mengxin Wang & Gaoke Liao & Junxia Wang, 2022. "Spatial Spillover Effect and Threshold Effect of Digital Financial Inclusion on Farmers’ Income Growth—Based on Provincial Data of China," Sustainability, MDPI, vol. 14(3), pages 1-16, February.
    4. Xuanming Ji & Kun Wang & He Xu & Muchen Li, 2021. "Has Digital Financial Inclusion Narrowed the Urban-Rural Income Gap: The Role of Entrepreneurship in China," Sustainability, MDPI, vol. 13(15), pages 1-18, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Song, Yunxing & Gong, Yuanyuan & Song, Yan & Chen, Xiaohui, 2024. "Exploring the impact of digital inclusive finance on consumption volatility: Insights from household entrepreneurship and income volatility," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    2. Deng, Xiaojun & Chi, Shiyao & Yao, Liming & Zou, Jing, 2024. "FinTech and rural household entrepreneurship," Finance Research Letters, Elsevier, vol. 68(C).
    3. Jin, Shunlin & Ma, Teng & Tan, Xinyu, 2024. "Digital financial inclusion and household energy poverty: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 436-456.
    4. Yingyuan Liu & Qian Wan & Wenhui Chen, 2024. "RETRACTED ARTICLE: Digital Inclusive Finance as a Catalyst for Rural Revitalization: An Empirical Analysis from the County Development Perspective in Hubei Province," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 11548-11580, September.
    5. Wang, Sheng & Wu, Chao & Fu, Boyu, 2024. "The dual effects of digital inclusive finance on the urban-rural income gap: An empirical investigation in China's Yangtze River Delta region," Finance Research Letters, Elsevier, vol. 69(PA).
    6. Abudy, Menachem (Meni) & Gildin, Ilan & Mugerman, Yevgeny, 2024. "Don't move my cheese: Financial advice adaptation to regulatory change," Finance Research Letters, Elsevier, vol. 61(C).
    7. Hu, Yuanhong & Liu, Jing & Zhang, Shuyu & Liu, Yuxin & Xu, Haixin & Liu, Pengling, 2024. "New mechanisms for increasing agricultural total factor productivity: Analysis of the regional effects of the digital economy," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 766-785.
    8. Gao, Qiang & Sun, Mengyuan & Chen, Lu, 2024. "The impact of digital inclusive finance on agricultural economic resilience," Finance Research Letters, Elsevier, vol. 66(C).
    9. Zheng, Xiaodong & Wang, Yinglin & Wu, Qi & Zhou, Yanran, 2024. "Digital inclusive finance and migrant wages: Evidence from over 700,000 internal migrants in China," Finance Research Letters, Elsevier, vol. 62(PA).
    10. Xie, Panlin & Fu, Ke, 2024. "Financial literacy and digital product consumption - An analysis based on CFPS data," Finance Research Letters, Elsevier, vol. 68(C).
    11. Yang, Nana & Ao, Xugao & Tu, Yongqian, 2024. "The impact of digital financial development on rural household income mobility," Finance Research Letters, Elsevier, vol. 63(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fatih Gurcan & Gizem Dilan Boztas & Gonca Gokce Menekse Dalveren & Mohammad Derawi, 2023. "Digital Transformation Strategies, Practices, and Trends: A Large-Scale Retrospective Study Based on Machine Learning," Sustainability, MDPI, vol. 15(9), pages 1-23, May.
    2. Wang, Yuyu & Zhao, Zengli & Lu, Chen, 2024. "Does digital inclusive finance increase land rent? Evidence from rural China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1025-1043.
    3. Benioudakis, Myron & Zissis, Dimitris & Burnetas, Apostolos & Ioannou, George, 2023. "Service provision on an aggregator platform with time-sensitive customers: Pricing strategies and coordination," International Journal of Production Economics, Elsevier, vol. 257(C).
    4. Yue, Sishi & Yang, Mo & Dong, Dayong, 2024. "Do enterprises adopting digital finance exhibit higher values? Based on textual analysis," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).
    5. repec:hal:journl:hal-04871034 is not listed on IDEAS
    6. Wenjun Ge & Siyuan Wu & Derong Yang, 2024. "Who are the genuine contributors to economic development under environmental regulation? Evidence from total factor productivity in the three industries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(9), pages 22801-22838, September.
    7. Pu, Zhengning & Liu, Jingyu & Yang, Mingyan, 2024. "The effect of digital technology on residential and non-residential carbon emission," International Review of Economics & Finance, Elsevier, vol. 95(C).
    8. Ozili, Peterson K, 2022. "Digital financial inclusion," MPRA Paper 113789, University Library of Munich, Germany.
    9. Peng, Zihao & Huang, Yiqi & Liu, Luanhong & Xu, Wanli & Qian, Xihong, 2024. "How government digital attention alleviates enterprise financing constraints: An enterprise digitalization perspective," Finance Research Letters, Elsevier, vol. 67(PB).
    10. Lee, Chien-Chiang & Lou, Runchi & Wang, Fuhao, 2023. "Digital financial inclusion and poverty alleviation: Evidence from the sustainable development of China," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 418-434.
    11. Yanhong Liu & Jia Lei & Yihua Zhang, 2021. "A Study on the Sustainable Relationship among the Green Finance, Environment Regulation and Green-Total-Factor Productivity in China," Sustainability, MDPI, vol. 13(21), pages 1-27, October.
    12. Tingwei Chen & Zongbin Zhang, 2023. "Can the Low-Carbon Transition Impact the Urban–Rural Income Gap? Empirical Evidence from the Low-Carbon City Pilot Policy," Sustainability, MDPI, vol. 15(7), pages 1-21, March.
    13. Feng, Jianghua & Wang, Yu, 2024. "Does digital inclusive finance promote agricultural development?A test based on threshold and spillover effects," Finance Research Letters, Elsevier, vol. 69(PA).
    14. Gershom Atukunda & Benjamin Musiita & Johnson Atwiine & Aquilionus Atwine & Anthony Moni Olyanga, 2024. "Financial Innovations and Profitability of Commercial Banks in Uganda," Journal of Economics and Behavioral Studies, AMH International, vol. 16(2), pages 32-44.
    15. Jiang, Yankun & Han, Guanghe & Yu, Dan, 2024. "Digital finance and agricultural green total factor productivity: the mediating role of digital village development," Finance Research Letters, Elsevier, vol. 67(PB).
    16. Yi Yang & Shuhe Shi & Jingjing Wu, 2022. "Digital Financial Inclusion to Corporation Value: The Mediating Effect of Ambidextrous Innovation," Sustainability, MDPI, vol. 14(24), pages 1-23, December.
    17. Nan Hao & Mingxing Ji, 2023. "Development of Platform Economy and Urban–Rural Income Gap: Theoretical Deductions and Empirical Analyses," Sustainability, MDPI, vol. 15(9), pages 1-25, May.
    18. Guo, Xiuping & Meng, Xianglei & Luan, Qingfeng & Wang, Yanhua, 2023. "Trade openness, globalization, and natural resources management: The moderating role of economic complexity in newly industrialized countries," Resources Policy, Elsevier, vol. 85(PA).
    19. Yanling Li & Mengxin Wang & Gaoke Liao & Junxia Wang, 2022. "Spatial Spillover Effect and Threshold Effect of Digital Financial Inclusion on Farmers’ Income Growth—Based on Provincial Data of China," Sustainability, MDPI, vol. 14(3), pages 1-16, February.
    20. Juan Luo & Bao-zhen Li, 2022. "Impact of Digital Financial Inclusion on Consumption Inequality in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(2), pages 529-553, September.
    21. Hua Zhang & Qiwang Zhang & Man An & Zixuan Zhang & Nanqiao He, 2023. "Unveiling the Impact of Digital Financial Inclusion on Low-Carbon Green Utilization of Farmland: The Roles of Farmland Transfer and Management Scale," Sustainability, MDPI, vol. 15(4), pages 1-20, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:53:y:2023:i:c:s154461232200798x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.