The impact of financial deepening on agricultural production: A household-level analysis of BigTech finance

IF 7.9 2区 经济学 Q1 ECONOMICS Economic Analysis and Policy Pub Date : 2024-08-23 DOI:10.1016/j.eap.2024.08.018
Hong Zhang , Yuejing Wang , Xiaoquan Wang
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Abstract

The relationship between financial deepening and agricultural production remains ambiguous. Previous literature has demonstrated that financial depth can alleviate poverty among rural households by facilitating self-employment in non-agricultural sectors or migration to urban areas, but its impact on rural households engaged in the agriculture sector has not been discussed. This paper utilizes the usage of financial services provided by a leading BigTech company in China and household survey data to analyze how financial deepening affects rural households’ agricultural production. The findings demonstrate the efficacy of BigTech finance in augmenting agricultural income for rural households. Mechanism analysis reveals that this impact is only observed among financially constrained rural households or those affected by climate disasters, thereby facilitating an expansion in the agricultural production inputs and enhancing efficiency. Furthermore, the distributional analysis underscores that BigTech finance primarily benefits rural households with limited access to traditional financial services, suggesting its complementary role to traditional finance in bolstering agricultural production amidst financial deepening endeavors.

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金融深化对农业生产的影响:大科技金融的家庭层面分析
金融深化与农业生产之间的关系仍然模糊不清。以往的文献表明,金融深化可以通过促进农村家庭在非农业部门自主就业或向城市地区迁移来减轻贫困,但其对从事农业部门的农村家庭的影响尚未得到讨论。本文利用中国一家领先的大科技公司提供的金融服务使用情况和住户调查数据,分析金融深化如何影响农村家庭的农业生产。研究结果表明,大科技金融能有效增加农村家庭的农业收入。机制分析表明,这种影响只出现在资金紧张的农户或受气候灾害影响的农户中,从而促进了农业生产投入的扩大和效率的提高。此外,分布分析强调,大科技金融主要惠及获得传统金融服务机会有限的农村家庭,这表明在金融深化努力中,大科技金融对传统金融在促进农业生产方面起到了补充作用。
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来源期刊
CiteScore
9.80
自引率
9.20%
发文量
231
审稿时长
93 days
期刊介绍: Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.
期刊最新文献
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