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The Impact of Digital Financial Inclusion on the Construction of Agricultural Anti-Risk Capacity: Based on a Sample Analysis of 46 Prefecture-Level Cities in the Huaihe River Basin

Author

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  • Yaru Cao

    (School of Economics and Management, Shanxi Normal University, Taiyuan 030031, China
    These authors contributed equally to this work.)

  • Yanjun Wang

    (School of Applied Economics, University of Chinese Academy of Social Sciences, Beijing 102445, China
    These authors contributed equally to this work.)

  • Shenyu Xiao

    (School of Business, University of New South Wales, Kensington, NSW 2033, Australia)

  • Liming Xiao

    (School of Economics and Management, Shanxi Normal University, Taiyuan 030031, China)

Abstract

Digital financial inclusion plays an important role in promoting the structure of the agricultural sector and increasing agricultural anti-risk capacity. This paper takes panel data of 46 prefecture-level cities in the main grain-producing areas of the Huaihe River Basin from 2011 to 2020 as the research sample and adopts a two-way, fixed-effect model to empirically analyze the impact of digital financial inclusion on the development of agricultural anti-risk capacity. The results show that digital financial inclusion promotes the development of agricultural anti-risk capacity by 14% on average. And it is further found that digital financial inclusion is more favorable to agricultural anti-risk capacity when the scale of operation is larger, the level of industrial structure is higher, and the penetration of digital financial inclusion is deeper. In addition, the spatial spillover effect of digital financial inclusion on agricultural anti-risk capacity is nonlinear. In the future, the scale of land operation should be expanded, the industrial structure needs to be optimized, and the growth of digital financial inclusion ought to be enhanced in order to deepen the impact of digital financial inclusion on the risk resistance capacity of agriculture in different regions.

Suggested Citation

  • Yaru Cao & Yanjun Wang & Shenyu Xiao & Liming Xiao, 2025. "The Impact of Digital Financial Inclusion on the Construction of Agricultural Anti-Risk Capacity: Based on a Sample Analysis of 46 Prefecture-Level Cities in the Huaihe River Basin," Agriculture, MDPI, vol. 15(6), pages 1-23, March.
    • Handle: RePEc:gam:jagris:v:15:y:2025:i:6:p:579-:d:1608537
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