Research on Digital Inclusive Finance Promoting the Integration of Rural Three-Industry

Heping Ge, Bowen Li, Decai Tang, Hao Xu and Valentina Boamah
Additional contact information
Heping Ge: School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China
Bowen Li: School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China
Decai Tang: School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China
Hao Xu: Office of Financial Affairs, Jiangsu Open University, Nanjing 210000, China
Valentina Boamah: School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China

IJERPH, 2022, vol. 19, issue 6, 1-18

Abstract: The development of digital financial inclusion helps create a healthy rural financial ecological environment and plays an important role in integrating rural tertiary industries. This paper incorporates digital financial inclusion into the rural tertiary industry integration research framework. Furthermore, it adopts the double-difference method to empirically analyze the impact of the development of digital financial inclusion on rural tertiary industry integration from the perspective of policy impact. In addition, it considers regional differences in the financial ecological environment; robustness tests were carried out using methods such as placebo tests and validated the conduction mechanism. The study through the double-difference model found that digital financial inclusion is very conducive to promoting rural tertiary industry integration; using the quantile DID (difference in differences) method to analyze the heterogeneity, it is concluded that there is a heterogeneous impact on rural tertiary industry integration. It exerts a more significant improvement in provinces and cities with higher rural tertiary industry integration levels. Constructing an intermediary effect model to verify the transmission mechanism concludes that the policy has promoted the improvement of rural tertiary industry integration efficiency by promoting technological innovation, improving agricultural modernization, and building a risk-sharing mechanism. Finally, it puts forward policy recommendations from optimizing the financial ecological environment, rationally allocating financial resources, and perfecting the transmission mechanism.

Keywords: digital inclusive finance; integration of rural tertiary industries; financial ecological environment; double-difference method (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 (22)

Downloads: (external link)
https://www.mdpi.com/1660-4601/19/6/3363/pdf (application/pdf)
https://www.mdpi.com/1660-4601/19/6/3363/ (text/html)

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:gam:jijerp:v:19:y:2022:i:6:p:3363-:d:769948

Access Statistics for this article

IJERPH is currently edited by Ms. Jenna Liu

More articles in IJERPH from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().