Does Digital Inclusive Finance Promote the Growth of Entrepreneurial Farmers’ Income? Evidence from the China Family Panel Studies

This study examines the impact of digital financial inclusion on the income of entrepreneurial farmers based on data from the China Family Panel Studies and Peking University Digital Inclusive Finance Index. It also explores the role of industrial structure optimization in the relationship between digital inclusive finance and entrepreneurial farmers’ income. The results indicate that digital inclusive finance has a significantly positive impact on the income of entrepreneurial farmers. The industrial structure optimization plays a mediating role in the process of digital inclusive finance increasing the income of entrepreneurial farmers. Infrastructure construction can significantly enhance the impact of digital inclusive finance on the income of entrepreneurial farmers. Based on the findings of the study, this paper puts forward policy insights: accelerating the development of digital inclusive finance, continuing to promote the structural adjustment and optimization and upgrading of rural industries, and strengthening and improving the construction of infrastructure in rural areas.