Financial inclusion and farmers’ income increase: Effects and realization mechanism

Guibo Liu, Xiaoxian Gong and Guandong Wang

PLOS ONE, 2025, vol. 20, issue 6, 1-22

Abstract: From the perspective of agricultural industrialization, based on China’s provincial data from 2006 to 2022, it studies the impact of financial inclusion on farmers’ income. We have found that financial inclusion can effectively promote the growth of farmers’ income, and this effect shows the heterogeneity of different income structures, income levels, and regional types. More importantly, agricultural industrialization is an important mechanism for financial inclusion to promote farmers’ income growth. However, the interactive effect of financial inclusion and agricultural industrialization has not promoted the growth of farmers’ income, indicating that there are certain structural problems in the current development of financial inclusion. We suggest that the development of financial inclusion should aim at the agricultural industrialization based on division of labor and cooperation. It can focus on supporting the development of local leading industries with regional comparative advantages, guide farmers to enter the agricultural industry chain, and improve farmers’ opportunities to share economic results.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0324815 (text/html)
https://journals.plos.org/plosone/article/file?id= ... 24815&type=printable (application/pdf)

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:plo:pone00:0324815

DOI: 10.1371/journal.pone.0324815

Access Statistics for this article

More articles in PLOS ONE from Public Library of Science
Bibliographic data for series maintained by plosone ().