数字普惠金融推动了乡村产业振兴吗?——基于农业全要素生产率变动视角的实证研究  

Has Digital Inclusive Finance Promoted Rural Industrial Revitalization?—An Empirical Study Based on the Perspective of TFP Changes in Agriculture

作　　者：段龙龙 程旭阳 霍思颖 Duan Longlong;Cheng Xuyang;Huo Siying(School of Economics,Sichuan University,Chengdu,610065,China;School of Wu Yuzhang,Sichuan University,Chengdu,610000,China)

机构地区：[1]四川大学经济学院,四川成都610065 [2]四川大学吴玉章学院,四川成都610000

出　　处：《数量经济研究》2024年第1期34-57,共24页The Journal of Quantitative Economics

基　　金：教育部人文社会科学基金项目“新时代我国城镇化与逆城镇化协同发展路径研究”(19YJC710016);四川大学“从0到1”创新研究项目“新发展格局视域下我国更高质量就业指标评价体系构建与实现路径研究”(2021CXC10)的联合资助。

摘　　要：后扶贫时代,如何持续有效地增强乡村产业振兴的金融支持成为我国“三农”工作中亟待解决的重大现实难题,而数字普惠金融发展为解决这一难题提供了可能。基于2011~2020年的省级面板数据,立足农业全要素生产率变动的新视角,在重新构建乡村产业振兴评价指标体系的基础上,借助DEA-Malmquist指数、拓展回归模型和考虑中介效应的联立方程模型深入研究数字普惠金融在乡村产业振兴过程中发挥的作用及其具体机制,实证结果表明:(1)我国数字普惠金融发展能够为乡村产业振兴提供明显支持,这种支持既包括数字普惠金融的直接效应,也包括技术赋能推动农业全要素生产率增进所引发的中介效应;(2)农业全要素生产率能够正向调节数字普惠金融促进乡村产业振兴的作用边际,且与数字普惠金融之间存在显著的协同效应;(3)数字普惠金融的促进作用在不同区域存在明显的异质性,东部促进作用最强,中部次之,西部最弱。实施稳健性检验后,结果依然成立。本文为政府在乡村产业振兴中积极促进数字经济与实体经济相结合、创新金融服务乡村产业振兴实现形式提供了实践启示。In the post-poverty alleviation era,how to sustainably and effectively enhance financial support for rural industrial revitalization has become a major practical problem that needs to be solved in China's work on the“Agriculture,Rural Areas and Farmers”,and the development of digital inclusive finance offers a possible solution to it.Based on provincial panel data from 2011 to 2020,and based on a new perspective of total factor productivity changes in agriculture,the role and specific mechanisms of digital inclusive finance in the process of rural industrial revitalization are studied in depth with the help of DEA-Malmquist index,extended regression model and joint cubic equation model considering intermediary effects on the basis of reconstructing a indicator system of rural industrial revitalization evaluation.The results found that:(1)The development of digital inclusive finance in China can provide significant support to the revitalization of rural industries,including both the direct effect of digital inclusive finance and the intermediary effect caused by technology empowerment to increase total factor productivity in agriculture.(2)Total factor productivity in agriculture can positively regulate the marginal effect of digital inclusive finance on the revitalization of rural industries,and there is a significant synergistic effect between digital inclusive finance and digital inclusive finance.(3)The promotion effect of digital inclusive finance is significantly heterogeneous in different regions,with the strongest promotion effect in the east,followed by the central region and the weakest in the west.After implementing robustness tests,the results still hold.This paper provides practical insights for the government to actively promote the combination of digital economy and real economy in rural industrial revitalization,and to innovate forms of financial services for rural industrial revitalization realization.

关 键 词：数字普惠金融 乡村产业振兴 农业全要素生产率 面板数据 

分 类 号：F061.3[经济管理—政治经济学] F062.9