Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

The Impact of Digital Inclusive Finance on Rural Income and Promotion Strategies -- Based on Data from Henan Province, China

Version 1 : Received: 18 July 2021 / Approved: 19 July 2021 / Online: 19 July 2021 (16:12:36 CEST)
Version 2 : Received: 24 July 2021 / Approved: 29 July 2021 / Online: 29 July 2021 (11:16:10 CEST)

How to cite: Li, X.; Zhang, Z.; Yang, F. The Impact of Digital Inclusive Finance on Rural Income and Promotion Strategies -- Based on Data from Henan Province, China. Preprints 2021, 2021070424 (doi: 10.20944/preprints202107.0424.v1). Li, X.; Zhang, Z.; Yang, F. The Impact of Digital Inclusive Finance on Rural Income and Promotion Strategies -- Based on Data from Henan Province, China. Preprints 2021, 2021070424 (doi: 10.20944/preprints202107.0424.v1).

Abstract

In the paper, based on the 2012-2018 panel data of 17 cities in Henan Province of China, a panel regression model was constructed to empirically analyze the relationship between digital inclusive finance and rural income, and the empirical results demonstrate that digital inclusive finance plays a significant role in promoting rural income. Further dimensional research unveils that all of its breadth of coverage, depth of use and degree of digitization present significant positive correlation with rural income, and a robustness test was conducted through the sub-sample method. In addition, according to regression analysis on the influencing factors of digital inclusive finance through the Tobit model, the level of economic development, the Internet popularity rate and the urbanization rate have a positive effect on the development of digital inclusive finance in Henan, while the income gap between urban and rural areas and the degree of opening up have a negative effect. Finally, predicated on the analysis of the restrictive factors of Henan’s digital inclusive finance in increasing rural income, the paper puts forward specific policy proposals based on the native state quo.

Subject Areas

digital inclusive finance; rural income; Henan Province, China; empirical analysis; countermeasures and suggestions

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