Research on the Effect of Rural Inclusive Financial Ecological Environment on Rural Household Income in China

Heping Ge, Lianzhen Tang, Xiaojun Zhou, Decai Tang and Valentina Boamah
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Heping Ge: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China
Lianzhen Tang: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China
Xiaojun Zhou: School of Business, Jiangsu Open University, Nanjing 210005, China
Decai Tang: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China
Valentina Boamah: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China

IJERPH, 2022, vol. 19, issue 4, 1-16

Abstract: After a long struggle against poverty, the problem of absolute poverty among Chinese rural residents has been solved, but the problem of relative poverty still exists. With digitalization, the ecological environment of rural inclusive finance has been optimized. This paper empirically tests the individual fixed-effect model and finds that digital inclusive finance has a positive income-increasing effect on rural residents. Wage income, operating income, and transfer income among the income types undergo a certain degree of promotion, while property income is affected to the contrary. In addition, digital inclusive finance has the same effect on farmers’ income increases in the east and central regions of China. However, it has a slightly smaller impact on farmers in the west. This paper uses a spatial econometric model and finds that promoting the development of local digital inclusive finance will enhance the income level of local farmers and increase the income of neighboring farmers. Therefore, this paper proposes to speed up the development of digital inclusive finance, optimize the rural financial ecological environment, strengthen government supervision and other recommendations, further enhance farmers’ income, and achieve common prosperity.

Keywords: digital inclusive finance; rural residents; income increase effect; spatial effect (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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