Does digital inclusive finance promote the integration of rural industries? Based on the mediating role of financial availability and agricultural digitization

The integration of rural industries will inevitably lead to new business forms and new models, which put forward new requirements for traditional agricultural finance. The development of digital inclusive finance will provide new momentum for the integration of rural industries. Based on the provinc...

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Bibliographic Details
Published in:PloS one Vol. 18; no. 10; p. e0291296
Main Authors: Huang, Yan, Zhao, Junyan, Yin, Shi
Format: Journal Article
Language:English
Published: San Francisco Public Library of Science 10.10.2023
Public Library of Science (PLoS)
Subjects:
Agribusiness
Agricultural industry
Agriculture
Availability
Bank technology
Biology and Life Sciences
Business forms
Business models
Digital technology
Digitization
Earth Sciences
Economic aspects
Economic growth
Electricity consumption
Energy consumption
Finance
Financial services
Financial services industry
Financing
Forecasts and trends
Growth
Industrial development
Innovations
Integration
Low income groups
People and Places
Physical Sciences
Rural areas
Service industries
Social Sciences
Technology adoption
Technology and civilization
Traditional farming
Urbanization
China
ISSN:1932-6203, 1932-6203
Online Access:Get full text
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Summary:The integration of rural industries will inevitably lead to new business forms and new models, which put forward new requirements for traditional agricultural finance. The development of digital inclusive finance will provide new momentum for the integration of rural industries. Based on the provincial panel data from 2011 to 2020, the evaluation index system is constructed from three dimensions: industrial integration method, integration subject and integration format, and the development index of rural industrial integration is calculated. This paper establishes double fixed effect model and intermediary effect model to test the effect and path of digital inclusive finance on the integration of rural industries, and further explores the regulatory role and spatial difference of financial support. The results show that: (1) The integration of rural industries shows a growing trend, the eastern region develops more rapidly, while the central and western regions develop more slowly; (2) The digital inclusive finance can promote the integration of rural industries, digitization degree is remarkable, but coverage breadth and using depth are not significant, increasing the rate of per capita electricity consumption and urbanization can promote the integration of rural industries, consumption has limited pulling effect on the integration of rural industries, the per capita investment in fixed assets has no significant effects on the integration of rural industries; (3) The financial availability and the agricultural digitization play a complete intermediary effect; (4) Financial support has a negative moderating effect on the relationship between the two; (5) The eastern and central regions have a significant promoting effect, while the western region has a negative effect.
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Competing Interests: The authors declare no conflict of interest.
ISSN:1932-6203
1932-6203
DOI:10.1371/journal.pone.0291296