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

Xu Lian, Yueying Mu and Wenyu Zhang

Finance Research Letters, 2023, vol. 53, issue C

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.

Keywords: Digital inclusive finance; Rural people's income; Major food producing areas (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:53:y:2023:i:c:s154461232200798x

DOI: 10.1016/j.frl.2022.103622

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