数字普惠金融对农业服务业的影响——来自中国地级市的经验证据

The Effect of Digital Financial Inclusion on Agricultural Services:Empirical Evidence from Prefecture-level Cities in China

基于2011—2019年中国213个地级市的平衡面板数据,采用系统GMM、空间SARAR模型等方法,考察数字普惠金融对农业服务业的影响。研究结果显示,数字普惠金融及其不同维度均能显著推动农业服务业发展。尤其是中西部、基础设施欠发达以及财力水平较差的地市更容易在数字普惠金融发展过程中受益,充分体现数字金融的普惠属性。作用机制分析发现,数字普惠金融主要通过缓解农村融资约束和提升农业生产效率,促进农业服务业发展。空间和门槛分析表明,数字普惠金融对周边地区的农业服务业发展具有正向空间溢出效应,且二者间存在明显的门槛效应;随着规模化、市场化以及非农化水平不断提高,数字普惠金融的赋能作用也不断加强。因此,应优化金融资源的空间配置,促进数字基础设施共建共享,最大化数字金融赋能效果,推动农业服务业快速发展。

This study examined the effect of digital financial inclusion on agricultural services using systematic GMM and SARAR models based on the balanced panel data of 213 prefecture-level cities in China from 2011 to 2019.The results showed that digital financial inclusion and its different dimensions can significantly promote the development of agricultural services.Specifically,cities in the central and western regions,cities with less developed infrastructure,and cities with poor levels of financial strength are more likely to benefit from the development of digital financial inclusion.According to the results of mechanism analysis,digital financial inclusion primarily promotes the development of agricultural services by alleviating rural financing constraints and enhancing agricultural production efficiency.Spatial and threshold analyses revealed that digital financial inclusion has a positive spatial spillover effect on the development of agricultural services in surrounding regions,with a pronounced threshold effect observed between the two.The empowering role of digital financial inclusion was found to continuously improve as cities became increasingly large in size,market-based,and less agriculture-based.Therefore,this study recommends optimization of the spatial allocation of financial resources,promotion of the joint construction and sharing of digital infrastructure,maximization of the empowering effect of digital finance,and facilitation of the rapid development of agricultural services.