Abstract:
【Objective】 With the development of digital inclusive finance, its financial inclusiveness, universality and diversity of service types are of great significance to the improvement and development of the contribution rate of agricultural scientific and technological progress.
【Methods】 This paper systematically examines the impact of digital inclusive finance on the contribution rate of agricultural science and technology progress based on the panel data of 31 provincial administrative units in China from 2011 to 2020.
【Results】 The results show that: digital financial inclusion can significantly increase the contribution rate of agricultural science and technology progress, and the conclusion is still robust after replacing the econometric model, but there is dimensional heterogeneity and regional heterogeneity in its impact; the breadth of financial coverage and the depth of financial use positively affect the contribution rate of agricultural science and technology progress, while the degree of digitization is negatively affecting it; digital financial inclusion has a positive impact on the contribution rate of agricultural science and technology progress in the eastern and central regions, but not in the western regions; and digital financial inclusion has a negative impact on the contribution rate of agricultural science and technology progress in the western regions.The analysis of spatial effects shows that the contribution rate of agricultural science and technology progress shows a positive spatial spillover effect, and digital financial inclusion has a significant positive effect on the local contribution rate of agricultural science and technology progress, while it is not conducive to the improvement of the contribution rate of agricultural science and technology progress in neighboring regions.
【Conclusion】 Therefore, the development of digital inclusive finance in rural areas should be further strengthened, the digital literacy and financial knowledge of rural residents should be improved, and the development of digital inclusive finance should be adapted to local conditions to promote the coordinated development of regions.