数字普惠金融的农户营收效应:区域异质性分析与机制检验OACHSSCD

Based on the provincial panel data of China from 2011 to 2024,combined with the micro-sur-vey information of farmers,the panel two-way fixed effect model,instrumental variable method,intermediary effect model and grouping regression were used to empirically study the increasing effect of digital inclusive fi-nance on the operational income of farmers.The results show that digital inclusive finance has a significant pos-itive impact on the per capita operating income of farmers and the per capita agricultural and non-agricultural operating income.The quantile regression analysis indicates that digital inclusive finance has a stable positive effect on the operating income of farmers at different income quintiles.It has a more prominent effect on in-creasing the operating income of low-income farmers and the non-agricultural operating income of high-in-come farmers.The alleviation of credit constraints and the encouragement of farmers'entrepreneurship are the main paths;they have a more significant impact on the agricultural operating income of farmers in the central region and the non-agricultural operating income of farmers in the eastern region,thereby reducing the overall inequality in operating income.