Investigation into the Influence of Digital Financial Inclusion on Rural Renewal

Abstract

This research examines the pathways through which digital inclusive finance impacts rural renewal, utilizing panel data collected from various Chinese provinces and cities between 2015 and 2020. The study utilizes panel individual fixed effects and mediation effect models for analysis. Findings reveal that digital inclusive finance markedly advances rural revitalization by mitigating the credit constraints faced by the "three rural" sectors (rural areas, farmers, and agriculture), thereby creating a comprehensive framework for rural development. Furthermore, digital inclusive finance fosters agricultural modernization, enhances the construction of picturesque rural areas, and contributes to common prosperity. Although regional disparities exist, with the western and eastern regions experiencing a more substantial impact compared to the central region, no significant differences were observed between the northern and southern regions.