Can Digital Finance Promote Rice Production? Evidence from Sichuan Province, China

Author:

Li Wenjing1,Lin Gege1,Dou Qingqing1,Chandio Abbas Ali1ORCID,Larik Shahbaz Ali1,Liu Yan1ORCID

Affiliation:

1. College of Economics, Sichuan Agricultural University, Chengdu 611130, China

Abstract

The rapid development of digital finance has effectively reduced financial challenges in rural regions and created new prospects for agricultural production. This article examines the impact of digital financial development on rice production in Sichuan Province using the 2011–2021 Peking University Digital Financial Inclusion Index and data from 20 prefecture-level cities, as well as a fixed effects model. The mechanism of action is also discussed. The findings reveal that the advancement of digital finance plays an important role in boosting the expansion of rice production, and that digital finance influences rice output by increasing farmers’ willingness to participate in insurance and increasing the availability of credit. A heterogeneity analysis reveals that digital finance has a substantial effect on mountainous and economically poor areas. As a result, this article suggests that the breadth and depth of usage of rural digital finance, as well as the development of rural digital financial services in underdeveloped areas, should be expanded.

Funder

Major Program of the National Social Science Foundation of China

Publisher

MDPI AG

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