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Digital Inclusive Finance, Agricultural Industrial Structure Optimization and Agricultural Green Total Factor Productivity

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  • Mingyong Hong

    (School of Economics, Guizhou University, Guiyang 550025, China)

  • Mengjie Tian

    (School of Economics, Guizhou University, Guiyang 550025, China)

  • Ji Wang

    (School of Economics, Guizhou University, Guiyang 550025, China)

Abstract

Based on the Peking University Digital Financial Inclusion Index and 2011–2018 provincial panel data, this paper discusses the mechanism of digital financial inclusion on agricultural green total factor productivity from both theoretical and empirical perspectives. The result shows that digital financial inclusion can significantly increase China’s agricultural green total factor productivity, and the optimization of the agricultural industry structure can bring a significant “structural growth effect”. A total of 8.42% of the positive effects of digital financial inclusion on agricultural green total factor productivity are realized through the intermediary effect of agricultural industrial structure optimization. Through further research, it is found that digital financial inclusion has regional heterogeneity in the improvement of agricultural green total factor productivity. At the same time, digital financial inclusion of different dimensions will also have a differential impact on the improvement of agricultural green total factor productivity. In order to promote the green development of agriculture, it is necessary to further improve the financial development environment, optimize the structure of the agricultural industry, and formulate development policies for digital inclusive finance in accordance with local conditions.

Suggested Citation

  • Mingyong Hong & Mengjie Tian & Ji Wang, 2022. "Digital Inclusive Finance, Agricultural Industrial Structure Optimization and Agricultural Green Total Factor Productivity," Sustainability, MDPI, vol. 14(18), pages 1-18, September.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:18:p:11450-:d:913724
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    Cited by:

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    6. Sadiq, Muhammad & Paramaiah, Ch & joseph, Robinson & Dong, Ziguang & Nawaz, Muhammad Atif & Shukurullaevich, Nizomjon Khajimuratov, 2024. "Role of fintech, green finance, and natural resource rents in sustainable climate change in China. Mediating role of environmental regulations and government interventions in the pre-post COVID eras," Resources Policy, Elsevier, vol. 88(C).
    7. Xia Minglu, 2024. "Research on Measurement of Manufacturing Industry Chain Resilience Based on Index Contribution Model Driven by Digital Economy," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-17.
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    13. Ying Yu & Qian Zhang & Fan Song, 2023. "Non-Linear Impacts and Spatial Spillover of Digital Finance on Green Total Factor Productivity: An Empirical Study of Smart Cities in China," Sustainability, MDPI, vol. 15(12), pages 1-22, June.
    14. 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.
    15. Min Zhou & Hua Zhang & Zixuan Zhang & Hanxiaoxue Sun, 2023. "Digital Financial Inclusion, Cultivated Land Transfer and Cultivated Land Green Utilization Efficiency: An Empirical Study from China," Sustainability, MDPI, vol. 15(2), pages 1-19, January.
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