The Effect of Digital Finance on Rural Revitalization

Abstract

Digital finance is gradually becoming an important source of strength to promote rural revitalization. In order to give full play to the role of digital finance in promoting rural revitalization, based on the provincial panel data of China from 2011 to 2021, this paper constructs rural revitalization indicators and explores the effect of digital finance on rural revitalization. It is found that the development of digital finance has a significant effect on rural revitalization; Digital finance has a positive impact on rural revitalization by improving the level of urban-rural integration, promoting agricultural modernization and boosting economic growth; In high-income areas, digital finance plays a more significant role in promoting rural revitalization; The higher the level of digital finance, the better it can play a role in promoting rural revitalization.