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

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  • Lian, Xu
  • Mu, Yueying
  • Zhang, Wenyu

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.

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  • Lian, Xu & Mu, Yueying & Zhang, Wenyu, 2023. "Digital inclusive financial services and rural income: Evidence from China's major grain-producing regions," Finance Research Letters, Elsevier, vol. 53(C).
    • Handle: RePEc:eee:finlet:v:53:y:2023:i:c:s154461232200798x
    DOI: 10.1016/j.frl.2022.103622
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    1. Yang Liu & Chunyu Liu & Mi Zhou, 2021. "Does digital inclusive finance promote agricultural production for rural households in China? Research based on the Chinese family database (CFD)," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 13(2), pages 475-494, January.
    2. Zhang Yu & Asif Razzaq & Abdul Rehman & Adeel Shah & Kiran Jameel & Rahul S Mor, 2022. "Disruption in global supply chain and socio-economic shocks: a lesson from COVID-19 for sustainable production and consumption," Operations Management Research, Springer, vol. 15(1), pages 233-248, June.
    3. Yanling Li & Mengxin Wang & Gaoke Liao & Junxia Wang, 2022. "Spatial Spillover Effect and Threshold Effect of Digital Financial Inclusion on Farmers’ Income Growth—Based on Provincial Data of China," Sustainability, MDPI, vol. 14(3), pages 1-16, February.
    4. Xuanming Ji & Kun Wang & He Xu & Muchen Li, 2021. "Has Digital Financial Inclusion Narrowed the Urban-Rural Income Gap: The Role of Entrepreneurship in China," Sustainability, MDPI, vol. 13(15), pages 1-18, July.
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