The Impact of Digital Inclusive Finance on Rural Revitalization: Evidence From China

Abstract

This article aims to study the role of digital finance in rural revitalization by utilizing the data for 30 provinces in China Mainland from 2012 to 2019, via the fixed effect model and differential GMM model. The empirical results show that the level of rural revitalization varies among different regions in China. In addition, the development of digital inclusive finance is essential in promoting rural revitalization, which is credible while we conduct several robustness tests such as changing the measurement of digital finance and including the dynamic progress by utilizing the GMM estimation. The impact of digital inclusive finance on rural revitalization is not constant among different regions, the positive impact of digital finance on rural revitalization is stronger in eastern region than that in central and western regions.