Inclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.

This paper empirically studies the relationship among inclusive finance, industrial structure upgrading and farmers' income, using the panel data of 28 provinces in China from 2006 to 2016.The research finds that inclusive finance can significantly promote the increase of farmers' income....

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Autores principales: Guibo Liu, Huimin Fang, Xiaoxian Gong, Feifei Wang
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Lenguaje:EN
Publicado: Public Library of Science (PLoS) 2021
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Acceso en línea:https://doaj.org/article/18640519704147368ab5bb611414f11a
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spelling oai:doaj.org-article:18640519704147368ab5bb611414f11a2021-12-02T20:16:45ZInclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.1932-620310.1371/journal.pone.0258860https://doaj.org/article/18640519704147368ab5bb611414f11a2021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0258860https://doaj.org/toc/1932-6203This paper empirically studies the relationship among inclusive finance, industrial structure upgrading and farmers' income, using the panel data of 28 provinces in China from 2006 to 2016.The research finds that inclusive finance can significantly promote the increase of farmers' income. Moreover, the Upgrading of Industry Structure (UIS) is the intermediary mechanism of inclusive finance to promote the increase of farmers' income, and this intermediary mechanism is heterogeneous among farmers with different income levels. Finally, the promotion effect of the UIS on farmers' income is affected by the threshold effect of inclusive finance. Compared with the development level of low inclusive finance, the promotion effect of the UIS on farmers' income is stronger under the development level of high inclusive finance. According to the results of empirical analysis, we suggest that the development strategy of inclusive finance should aim at the industrial development in rural areas, promote the organic connection between farmers and modern agricultural industry, and drive farmers to increase their income through the transformation and upgrading of rural industries.Guibo LiuHuimin FangXiaoxian GongFeifei WangPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 10, p e0258860 (2021)
institution DOAJ
collection DOAJ
language EN
topic Medicine
R
Science
Q
spellingShingle Medicine
R
Science
Q
Guibo Liu
Huimin Fang
Xiaoxian Gong
Feifei Wang
Inclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.
description This paper empirically studies the relationship among inclusive finance, industrial structure upgrading and farmers' income, using the panel data of 28 provinces in China from 2006 to 2016.The research finds that inclusive finance can significantly promote the increase of farmers' income. Moreover, the Upgrading of Industry Structure (UIS) is the intermediary mechanism of inclusive finance to promote the increase of farmers' income, and this intermediary mechanism is heterogeneous among farmers with different income levels. Finally, the promotion effect of the UIS on farmers' income is affected by the threshold effect of inclusive finance. Compared with the development level of low inclusive finance, the promotion effect of the UIS on farmers' income is stronger under the development level of high inclusive finance. According to the results of empirical analysis, we suggest that the development strategy of inclusive finance should aim at the industrial development in rural areas, promote the organic connection between farmers and modern agricultural industry, and drive farmers to increase their income through the transformation and upgrading of rural industries.
format article
author Guibo Liu
Huimin Fang
Xiaoxian Gong
Feifei Wang
author_facet Guibo Liu
Huimin Fang
Xiaoxian Gong
Feifei Wang
author_sort Guibo Liu
title Inclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.
title_short Inclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.
title_full Inclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.
title_fullStr Inclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.
title_full_unstemmed Inclusive finance, industrial structure upgrading and farmers' income: Empirical analysis based on provincial panel data in China.
title_sort inclusive finance, industrial structure upgrading and farmers' income: empirical analysis based on provincial panel data in china.
publisher Public Library of Science (PLoS)
publishDate 2021
url https://doaj.org/article/18640519704147368ab5bb611414f11a
work_keys_str_mv AT guiboliu inclusivefinanceindustrialstructureupgradingandfarmersincomeempiricalanalysisbasedonprovincialpaneldatainchina
AT huiminfang inclusivefinanceindustrialstructureupgradingandfarmersincomeempiricalanalysisbasedonprovincialpaneldatainchina
AT xiaoxiangong inclusivefinanceindustrialstructureupgradingandfarmersincomeempiricalanalysisbasedonprovincialpaneldatainchina
AT feifeiwang inclusivefinanceindustrialstructureupgradingandfarmersincomeempiricalanalysisbasedonprovincialpaneldatainchina
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