The Empirical Study on the Impact of Digital Inclusive Financial Development on Rural Residents' Income

Abstract

At present, the level of Internet technology is constantly improving, and digital inclusive finance has gradually become the mainstream model of financial development, which has an important impact on the rural economy. This paper selects the provincial panel data of China from 2011 to 2019 as the research sample, and empirically analyzes the impact of digital inclusive finance development on rural residents' income. The study finds that there is a positive correlation between digital inclusive finance and rural residents' income. At the same time, traditional financial competition plays a positive role in regulating the relationship between digital inclusive finance and rural residents' income.