Digitizing Prosperity: How Digital Finance Transforms Agricultural Incomes in China

Syed Ahsan Jamil (), Ishfaq Hamid (), Md Shabbir Alam () and Showkat Ahmad ()
Additional contact information
Syed Ahsan Jamil: Dhofar University
Ishfaq Hamid: MICA, The School of Ideas
Md Shabbir Alam: MICA, The School of Ideas
Showkat Ahmad: Islamic University of Science and Technology

Asia-Pacific Financial Markets, 2025, vol. 32, issue 2, No 11, 662 pages

Abstract: Abstract The inclusion of digital finance provides vital financial support for rural revitalization and farmer income, and it has emerged as a significant impetus for social and economic growth. This study uses a spatial measurement model to assess the impact of DIF on FI, based on panel data sets from 2011 to 2020 in 31 provinces of China. The following conclusions were drawn: First, DIF expands financial services, lowers the threshold of financial services, alleviates financial exclusion through advanced digital technologies, promotes financial institutions to serve rural areas, and continuously releases “digital dividends” to rural areas. Second, the development of DIF mainly promotes FI through digital payment, credit, and insurance; this, in turn, indirectly promotes farmers’ income through regional economic growth agglomeration characteristics of “low–low.” Third, the development of DIF plays a vital role in the income structure, promoting wage, property, and transfer income. However, it is not apparent in household operating income due to DIF being in rural areas’ early stages of development. Finally, the income-increasing effect of DIF is regionally heterogeneous, manifesting better in the eastern region than in the western and central regions.

Keywords: Inclusive digital finance; Farmers’ income; Income structure; Spatial measurement; Intermediary effect (search for similar items in EconPapers)
Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10690-024-09465-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:apfinm:v:32:y:2025:i:2:d:10.1007_s10690-024-09465-8

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/10690/PS2

DOI: 10.1007/s10690-024-09465-8

Access Statistics for this article

Asia-Pacific Financial Markets is currently edited by Jiro Akahori

More articles in Asia-Pacific Financial Markets from Springer, Japanese Association of Financial Economics and Engineering
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().