Research on empowering agricultural total factor productivity with digital inclusive finance in mountainous counties: taking 26 mountainous counties in Zhejiang Province of China as an example

doi:10.3969/j.issn.1004-1524.20230953

Acta Agriculturae Zhejiangensis ›› 2024, Vol. 36 ›› Issue (9): 2155-2169.DOI: 10.3969/j.issn.1004-1524.20230953

• Agricultural Economy and Development • Previous Articles Next Articles

Research on empowering agricultural total factor productivity with digital inclusive finance in mountainous counties: taking 26 mountainous counties in Zhejiang Province of China as an example

GUO Mengting()

School of Accountancy, Zhejiang Financial College, Hangzhou 310018, China

Received:2023-08-07 Online:2024-09-25 Published:2024-09-30

Abstract

Abstract:

Digital inclusive finance, as a new form of financial industry in the era of digital intelligence, is an important support for optimizing financial resource allocation, empowering financial development in mountainous areas, and improving agricultural production efficiency. Based on the county panel data of 26 mountainous counties in Zhejiang Province from 2014 to 2021, this paper used DEA Malmquist index method to measure and calculate agricultural total factor productivity and its decomposition indicators, and then constructed a fixed effect model to empirically test the impact of digital inclusive finance on agricultural total factor productivity, and conducted a heterogeneity analysis. The results indicated that digital inclusive finance and its three sub dimensions in 26 mountainous counties of Zhejiang Province had a positive promoting effect on agricultural total factor productivity, mainly reflected in promoting agricultural technological progress. From various dimensions,the strongest promoting effect on agricultural total factor productivity was the depth of use of digital inclusive financial products and services, followed by the breadth of coverage, and the weakest degree of digitization. Meanwhile, the promotion role of digital inclusive finance was stronger in the western region of 26 mountainous counties in Zhejiang Province. To this end, it is necessary to accelerate the development and coverage of digital inclusive finance in mountainous counties, deepen the construction of digital inclusive finance infrastructure, focus on improving the literacy of the digital inclusive finance audience, and empower the improvement of agricultural total factor productivity.

Key words: digital inclusive finance, agricultural total factor productivity, mountainous counties, DEA Malmquist index

CLC Number:

F323

GUO Mengting. Research on empowering agricultural total factor productivity with digital inclusive finance in mountainous counties: taking 26 mountainous counties in Zhejiang Province of China as an example[J]. Acta Agriculturae Zhejiangensis, 2024, 36(9): 2155-2169.

Figures/Tables 9

References 25

[1]	钱海章, 陶云清, 曹松威, 等. 中国数字金融发展与经济增长的理论与实证[J]. 数量经济技术经济研究, 2020, 37(6): 26-46.
	QIAN H Z, TAO Y Q, CAO S W, et al. Theoretical and empirical analysis on the development of digital finance and economic growth in China[J]. The Journal of Quantitative & Technical Economics, 2020, 37(6): 26-46. (in Chinese with English abstract)
[2]	张勋, 万广华, 张佳佳, 等. 数字经济、普惠金融与包容性增长[J]. 经济研究, 2019, 54(8): 71-86.
	ZHANG X, WAN G H, ZHANG J J, et al. Digital economy, financial inclusion, and inclusive growth[J]. Economic Research Journal, 2019, 54(8): 71-86. (in Chinese with English abstract)
[3]	郭峰, 王靖一, 王芳, 等. 测度中国数字普惠金融发展: 指数编制与空间特征[J]. 经济学(季刊), 2020, 19(4): 1401-1418.
	GUO F, WANG J Y, WANG F, et al. Measuring China’s digital financial inclusion: index compilation and spatial characteristics[J]. China Economic Quarterly, 2020, 19(4): 1401-1418. (in Chinese with English abstract)
[4]	冯兴元, 燕翔, 孙同全. 中国县域数字普惠金融的发展与动能:指数构成、测度结果与对策思考[J]. 农村金融研究, 2022(6): 3-15.
	FENG X Y, YAN X, SUN T Q. Development and momentum of digital inclusive finance in Chinese Counties: index composition, measurement results and countermeasures[J]. Rural Finance Research, 2022(6): 3-15. (in Chinese with English abstract)
[5]	李建军, 彭俞超, 马思超. 普惠金融与中国经济发展: 多维度内涵与实证分析[J]. 经济研究, 2020, 55(4): 37-52.
	LI J J, PENG Y C, MA S C. Inclusive finance and economic development in China: multidimensional connotation and empirical analysis[J]. Economic Research Journal, 2020, 55(4): 37-52. (in Chinese with English abstract)
[6]	吴茜, 姚乐野. 数字经济、创新驱动与区域经济增长[J]. 软科学, 2023, 37(6): 63-70.
	WU X, YAO L Y. Digital economy, innovation-driven and regional economic growth[J]. Soft Science, 2023, 37(6): 63-70. (in Chinese with English abstract)
[7]	方观富, 蔡莉. 数字普惠金融如何影响农业产出: 事实、机制和政策含义[J]. 农业经济问题, 2022, 43(10): 97-112.
	FANG G F, CAI L. How digital financial inclusion affects agricultural output: facts, mechanism and policy implications[J]. Issues in Agricultural Economy, 2022, 43(10): 97-112. (in Chinese with English abstract)
[8]	赵天荣, 石宇倩. 数字普惠金融对农业现代化的影响: 基于农业资本投入的中介效应[J]. 重庆师范大学学报(社会科学版), 2022, 42(6): 13-26.
	ZHAO T R, SHI Y Q. The impact of digital financial inclusion on agricultural modernization: based on the mediating effect of agricultural capital investment[J]. Journal of Chongqing Normal University(Edition of Social Sciences), 2022, 42(6): 13-26. (in Chinese with English abstract)
[9]	刘艳. 数字普惠金融对农业全要素生产率的影响[J]. 统计与决策, 2021, 37(21): 123-126.
	LIU Y. Influence of digital inclusive finance on agricultural total factor productivity[J]. Statistics & Decision, 2021, 37(21): 123-126. (in Chinese)
[10]	郑宏运, 李谷成. 数字普惠金融发展对县域农业全要素生产率增长的影响:基于异质性视角[J]. 当代经济管理, 2022, 44(7): 81-87.
	ZHENG H Y, LI G C. Impact of digital inclusive finance development on the growth of county-level agricultural total factor productivity: from the heterogeneous perspective[J]. Contemporary Economic Management, 2022, 44(7): 81-87. (in Chinese with English abstract)
[11]	张启文, 田静. 数字普惠金融能否提升农业全要素生产率?: 基于异质性与空间溢出效应视角[J]. 农业经济与管理, 2023(1): 45-56.
	ZHANG Q W, TIAN J. Can digital inclusive finance improve agricultural total factor productivity?: based on perspective of heterogeneity and spatial spillover effects[J]. Agricultural Economics and Management, 2023(1): 45-56. (in Chinese with English abstract)
[12]	贺茂斌, 杨晓维. 数字普惠金融、碳排放与全要素生产率[J]. 金融论坛, 2021, 26(2): 18-25.
	HE M B, YANG X W. Digital inclusive finance, carbon emissions and total factor productivity[J]. Finance Forum, 2021, 26(2): 18-25. (in Chinese with English abstract)
[13]	任健华, 雷宏振. 数字普惠金融、资本深化与农业全要素生产率[J]. 社会科学家, 2022(6): 86-95.
	REN J H, LEI H Z. Digital financial inclusion, capital deepening and total factor productivity in agriculture[J]. Social Scientist, 2022(6): 86-95. (in Chinese with English abstract)
[14]	郭家堂, 骆品亮. 互联网对中国全要素生产率有促进作用吗?[J]. 管理世界, 2016(10): 34-49.
	GUO J T, LUO P L. Does the Internet promote total factor productivity in China?[J]. Management World, 2016(10): 34-49. (in Chinese)
[15]	SAINT-PAUL G. Technological choice, financial markets and economic development[J]. European Economic Review, 1992, 36(4): 763-781.
[16]	张翱祥, 邓荣荣. 数字普惠金融对农业绿色全要素生产率的影响及空间溢出效应[J]. 武汉金融, 2022(1): 65-74.
	ZHANG A X, DENG R R. Influence of digital inclusive finance on agricultural green total factor productivity and spatial spillover effect[J]. Wuhan Finance, 2022(1): 65-74. (in Chinese)
[17]	胡士华, 王若诗. 数字普惠金融发展与农户财务脆弱缓解: 政策冲击与经济机会提升视角[J]. 现代财经(天津财经大学学报), 2023, 43(6): 18-36.
	HU S H, WANG R S. The development of digital inclusive finance and alleviation of rural households’ financial vulnerability: a perspective of policy impact and economic opportunity promotion[J]. Modern Finance and Economics-Journal of Tianjin University of Finance and Economics, 2023, 43(6): 18-36. (in Chinese with English abstract)
[18]	GREENWOOD J, JOVANOVIC B. Financial development, growth, and the distribution of income[J]. Journal of Political Economy, 1990, 98(5):1076-1107.
[19]	王亚飞, 张毅, 廖甍. 外商直接投资对农业全要素生产率的影响: 作用机理与经验证据[J]. 当代经济研究, 2019(6): 74-86, 113.
	WANG Y F, ZHANG Y, LIAO M. The impact of foreign direct investment on agricultural total factor productivity: mechanism of action and empirical evidence[J]. Contemporary Economic Research, 2019(6): 74-86, 113. (in Chinese with English abstract)
[20]	石晓阳, 张亦弛, 夏恩君. 移动互联网对农业全要素生产率的影响研究[J]. 科技和产业, 2020, 20(5): 67-74.
	SHI X Y, ZHANG Y C, XIA E J. Research on the impact of mobile Internet on China agricultural total factor productivity[J]. Science Technology and Industry, 2020, 20(5): 67-74. (in Chinese with English abstract)
[21]	沈洋, 唐海英, 周鹏飞. 数字普惠金融能提高农业全要素生产率吗?:基于省级面板数据的实证检验[J]. 上海立信会计金融学院学报, 2021, 33(2):15-27.
	SHEN Y, TANG H Y, ZHOU P F. Can digital inclusive finance improve agricultural total factor productivity: positive test based on provincial-level panel data[J]. Journal of Shanghai Lixin University of Accounting and Finance, 2021, 33(2):15-27. (in Chinese with English abstract)
[22]	李谷成, 尹朝静, 吴清华. 农村基础设施建设与农业全要素生产率[J]. 中南财经政法大学学报, 2015(1): 141-147.
	LI G C, YIN C J, WU Q H. Rural infrastructure construction and agricultural total factor productivity[J]. Journal of Zhongnan University of Economics and Law, 2015(1): 141-147. (in Chinese)
[23]	葛和平, 高越. 数字普惠金融发展对农业全要素生产率的影响[J]. 财会月刊, 2021(24): 144-151.
	GE H P, GAO Y. The influence of the development of digital inclusive finance on agricultural total factor productivity[J]. Finance and Accounting Monthly, 2021(24): 144-151. (in Chinese)
[24]	徐佳慧. 数字普惠金融对城乡居民收入差距影响的实证研究[D]. 保定: 河北金融学院, 2022.
	XU J H. Empirical study on the impact of digital inclusive finance on urban-rural income gap[D]. Baoding: Hebei Finance University, 2022. (in Chinese with English abstract)
[25]	黄祖辉, 李懿芸, 毛晓红. 我国耕地“非农化” “非粮化” 的现状与对策[J]. 江淮论坛, 2022(4): 13-21.
	HUANG Z H, LI Y Y, MAO X H. The situation, drivers and countermeasures of “non-agricultural” and “non-grain” transformation of cultivated land in China[J]. Jiang-huai Tribune, 2022(4): 13-21. (in Chinese with English abstract)

县域County	2014	2015	2016	2017	2018	2019	2020	2021	平均Average
淳安Chun’an	1.056	1.115	1.184	1.184	1.184	1.259	1.269	1.339	1.199
永嘉Yongjia	1.000	1.057	1.221	1.373	1.535	1.660	1.745	2.006	1.450
平阳Pingyang	1.016	1.119	1.246	1.274	1.291	1.420	1.562	1.362	1.286
苍南Cangnan	1.062	1.122	1.209	1.240	1.254	1.007	1.425	1.460	1.223
文成Wencheng	1.111	1.247	1.364	1.465	1.475	1.497	1.512	1.488	1.395
泰顺Taishun	1.004	1.138	1.153	1.242	1.203	1.390	1.458	1.375	1.245
武义Wuyi	1.036	1.039	1.077	1.258	1.466	1.578	1.194	1.196	1.231
磐安Pan’an	1.091	1.112	1.041	0.979	1.011	1.059	1.081	1.087	1.058
江山Jiangshan	0.995	1.004	1.022	0.894	0.944	1.037	1.132	1.070	1.012
常山Changshan	1.059	1.211	1.323	1.577	1.720	1.825	1.951	2.054	1.590
开化Kaihua	1.038	1.049	1.052	1.338	1.465	1.414	1.653	1.584	1.324
龙游Longyou	1.003	0.927	1.092	1.164	1.049	1.169	1.252	1.081	1.092
三门Sanmen	1.000	1.057	1.221	1.373	1.535	1.660	1.745	2.006	1.450
天台Tiantai	1.047	1.116	1.178	1.147	1.224	1.370	1.733	1.698	1.314
仙居Xianju	0.998	1.006	1.082	0.939	1.016	1.241	1.540	1.563	1.173
龙泉Longquan	1.056	1.105	1.210	1.331	1.370	1.449	1.537	1.517	1.322
青田Qingtian	1.068	1.100	2.262	1.259	1.304	1.471	1.473	1.440	1.422
云和Yunhe	1.080	1.152	1.234	1.253	1.303	1.341	1.347	1.166	1.235
缙云Jinyun	1.080	1.115	1.199	1.469	1.514	1.584	1.717	1.718	1.425
遂昌Suichang	1.043	1.063	1.089	1.102	1.053	1.151	1.125	1.062	1.086
松阳Songyang	1.046	1.067	1.142	1.062	1.102	1.222	1.284	1.314	1.155
景宁Jingning	1.041	1.056	1.175	1.145	1.156	1.220	1.299	1.268	1.170
平均值Average	1.042	1.090	1.217	1.230	1.281	1.365	1.456	1.448
最小值Min	0.995	0.927	1.022	0.894	0.944	1.007	1.081	1.062
最大值Max	1.111	1.247	2.262	1.577	1.720	1.825	1.951	2.054

县域County	2014	2015	2016	2017	2018	2019	2020	2021	平均Average
淳安Chun’an	1.056	1.115	1.184	1.184	1.184	1.259	1.269	1.339	1.199
永嘉Yongjia	1.000	1.057	1.221	1.373	1.535	1.660	1.745	2.006	1.450
平阳Pingyang	1.016	1.119	1.246	1.274	1.291	1.420	1.562	1.362	1.286
苍南Cangnan	1.062	1.122	1.209	1.240	1.254	1.007	1.425	1.460	1.223
文成Wencheng	1.111	1.247	1.364	1.465	1.475	1.497	1.512	1.488	1.395
泰顺Taishun	1.004	1.138	1.153	1.242	1.203	1.390	1.458	1.375	1.245
武义Wuyi	1.036	1.039	1.077	1.258	1.466	1.578	1.194	1.196	1.231
磐安Pan’an	1.091	1.112	1.041	0.979	1.011	1.059	1.081	1.087	1.058
江山Jiangshan	0.995	1.004	1.022	0.894	0.944	1.037	1.132	1.070	1.012
常山Changshan	1.059	1.211	1.323	1.577	1.720	1.825	1.951	2.054	1.590
开化Kaihua	1.038	1.049	1.052	1.338	1.465	1.414	1.653	1.584	1.324
龙游Longyou	1.003	0.927	1.092	1.164	1.049	1.169	1.252	1.081	1.092
三门Sanmen	1.000	1.057	1.221	1.373	1.535	1.660	1.745	2.006	1.450
天台Tiantai	1.047	1.116	1.178	1.147	1.224	1.370	1.733	1.698	1.314
仙居Xianju	0.998	1.006	1.082	0.939	1.016	1.241	1.540	1.563	1.173
龙泉Longquan	1.056	1.105	1.210	1.331	1.370	1.449	1.537	1.517	1.322
青田Qingtian	1.068	1.100	2.262	1.259	1.304	1.471	1.473	1.440	1.422
云和Yunhe	1.080	1.152	1.234	1.253	1.303	1.341	1.347	1.166	1.235
缙云Jinyun	1.080	1.115	1.199	1.469	1.514	1.584	1.717	1.718	1.425
遂昌Suichang	1.043	1.063	1.089	1.102	1.053	1.151	1.125	1.062	1.086
松阳Songyang	1.046	1.067	1.142	1.062	1.102	1.222	1.284	1.314	1.155
景宁Jingning	1.041	1.056	1.175	1.145	1.156	1.220	1.299	1.268	1.170
平均值Average	1.042	1.090	1.217	1.230	1.281	1.365	1.456	1.448
最小值Min	0.995	0.927	1.022	0.894	0.944	1.007	1.081	1.062
最大值Max	1.111	1.247	2.262	1.577	1.720	1.825	1.951	2.054

变量 Variable type	变量名 Variable name	定义 Definition	均值 Mean value	标准差 Standard deviation	最小值 Minimum value	最大值 Maximum value
被解释变量 Explained variable	lnAtfp	农业全要素生产率取对数 Logarithm of agricultural total factor productivity	0.222	0.181	-0.076	0.720
	lnTech	农业技术进步取对数 Logarithm of agricultural technological progress	0.453	0.287	0.029	0.998
	lnEff	农业技术效率变动取对数 Logarithm of changes in agricultural technology efficiency	-0.230	0.225	-0.876	0.092
解释变量 Explanatory variable	lnDifi	数字普惠金融指数取对数 Logarithm of the digital inclusive finance index	4.687	0.161	4.233	4.877
	lnCov	数字普惠金融覆盖广度指数取对数 Logarithm of coverage breadth of digital inclusive finance	4.594	0.079	4.331	4.877
	lnDep	数字普惠金融使用深度指数取对数 Logarithm of depth of use of digital inclusive finance	4.925	0.248	4.312	5.238
	lnDig	数字普惠金融数字化程度指数取对数 Logarithm of degree of digitalization of digital inclusive finance	4.312	0.659	2.302	4.863
控制变量 Control variable	Gdp	人均生产总值/万元 Per capita gross domestic product×10⁴ yuan	5.269	1.420	1.805	7.973
	Popul	人口密度/(万人·km^-2) Population density/(10 000 people·km^-2)	0.030	0.023	0.009	0.108
	Traff	交通便利程度/(km·万人^-1) Transportation convenience/(km per 10 000 people)	45.917	25.568	6.911	116.695
	Innov	区域创新水平/(项·万人^-1) Regional innovation level/(items per 10 000 people)	21.188	17.708	4.039	120.200

变量 Variable type	变量名 Variable name	定义 Definition	均值 Mean value	标准差 Standard deviation	最小值 Minimum value	最大值 Maximum value
被解释变量 Explained variable	lnAtfp	农业全要素生产率取对数 Logarithm of agricultural total factor productivity	0.222	0.181	-0.076	0.720
	lnTech	农业技术进步取对数 Logarithm of agricultural technological progress	0.453	0.287	0.029	0.998
	lnEff	农业技术效率变动取对数 Logarithm of changes in agricultural technology efficiency	-0.230	0.225	-0.876	0.092
解释变量 Explanatory variable	lnDifi	数字普惠金融指数取对数 Logarithm of the digital inclusive finance index	4.687	0.161	4.233	4.877
	lnCov	数字普惠金融覆盖广度指数取对数 Logarithm of coverage breadth of digital inclusive finance	4.594	0.079	4.331	4.877
	lnDep	数字普惠金融使用深度指数取对数 Logarithm of depth of use of digital inclusive finance	4.925	0.248	4.312	5.238
	lnDig	数字普惠金融数字化程度指数取对数 Logarithm of degree of digitalization of digital inclusive finance	4.312	0.659	2.302	4.863
控制变量 Control variable	Gdp	人均生产总值/万元 Per capita gross domestic product×10⁴ yuan	5.269	1.420	1.805	7.973
	Popul	人口密度/(万人·km^-2) Population density/(10 000 people·km^-2)	0.030	0.023	0.009	0.108
	Traff	交通便利程度/(km·万人^-1) Transportation convenience/(km per 10 000 people)	45.917	25.568	6.911	116.695
	Innov	区域创新水平/(项·万人^-1) Regional innovation level/(items per 10 000 people)	21.188	17.708	4.039	120.200

项目 Item	农业全要素生产率 Total factor productivity of agriculture		农业技术进步 Agricultural technological progress		农业技术效率 Agricultural technology efficiency
项目 Item	(1)	(2)	(3)	(4)	(5)	(6)
数字普惠金融	0.626^***	0.270^***	1.421^***	0.539^***	-0.799^***	-0.287^**
Digital inclusive finance	(7.910)	(2.945)	(17.400)	(7.480)	(-8.853)	(-2.334)
人均生产总值		0.045^***		0.101^***		-0.054^**
Per capita gross domestic product		(2.969)		(6.794)		(-2.427)
人口密度		-7.609^***		-3.214^**		-4.502^**
Population density		(-5.566)		(-2.319)		(-2.684)
交通便利程度		0.002^**		0.010^***		-0.008^***
Transportation convenience		(1.444)		(4.726)		(-3.216)
区域创新水平		0.001^*		0.003^**		-0.002^*
Regional innovation level		(1.160)		(2.302)		(-2.077)
常数项Cons	-2.710^***	-1.169^**	-6.206^***	-3.037^***	3.515^***	1.943^***
	(-7.310)	(-2.747)	(-16.217)	(-8.852)	(8.310)	(3.591)
地区效应Regional effects	控制Control	控制Control	控制Control	控制Control	控制Control	控制Control
n	176	176	176	176	176	176
R²	0.482	0.541	0.716	0.839	0.535	0.644

Research on empowering agricultural total factor productivity with digital inclusive finance in mountainous counties: taking 26 mountainous counties in Zhejiang Province of China as an example

RichHTML

PDF (PC)

Knowledge

Abstract

Cite this article

share this article

Figures/Tables 9

References 25

Related Articles 2

Recommended Articles

Metrics

Comments

项目 Item	农业全要素生产率 Total factor productivity of agriculture			农业技术进步 Agricultural technological progress			农业技术效率 Agricultural technology efficiency
项目 Item	(a1)	(a2)	(a3)	(b1)	(b2)	(b3)	(c1)	(c2)	(c3)
数字普惠金融覆盖广度	0.162^***			0.261^**			-0.105^*
Coverage breadth of digital	(3.645)			(2.691)			(-1.846)
inclusive finance
数字普惠金融使用深度		0.210^***			0.411^***			-0.218^**
Depth of use of digital		(4.688)			(6.077)			(-2.194)
inclusive finance
数字普惠金融数字化程度			0.059^**			0.105^***			-0.050^*
Degree of digitalization of			(2.644)			(4.402)			(-1.839)
digital inclusive finance
人均生产总值	0.070^***	0.03^8**	0.046^**	0.152^***	0.089^***	0.108^***	-0.081^***	-0.04^8*	-0.060^**
Per capita gross	(5.200)	(2.135)	(2.637)	(10.900)	(5.546)	(5.571)	(-4.718)	(-1.827)	(-2.444)
domestic product
人口密度	-8.484^***	-7.170^***	-7.985^***	-4.977^**	-2.383^*	-4.074^***	-3.553^*	-4.938^***	-3.988^**
Population density	(-6.229)	(-4.759)	(-6.239)	(-2.311)	(-1.984)	(-3.064)	(-1.950)	(-2.850)	(-2.360)
交通便利程度	0.002^*	0.001	0.003^**	0.011^***	0.009^***	0.012^***	-0.009^***	-0.007^***	-0.009^***
Transportation convenience	(1.800)	(1.051)	(2.160)	(4.529)	(4.121)	(4.802)	(-3.174)	(-2.934)	(-3.236)
区域创新水平	0.002^*	0.001	0.001	0.004^***	0.003^**	0.003^**	-0.003^**	-0.002^*	-0.002^**
Regional innovation level	(1.912)	(1.089)	(1.092)	(3.155)	(2.162)	(2.369)	(-2.733)	(-2.040)	(-2.219)
常数项Cons	-0.791^*	-0.885^**	-0.203	-2.001^***	-2.444^***	-1.082^***	1.238^**	1.624^***	0.887^***
	(-1.767)	(-2.449)	(-1.699)	(-4.198)	(-7.824)	(-7.768)	(2.500)	(3.906)	(5.317)
地区效应 Regional effects	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control
n	176	176	176	176	176	176	176	176	176
R²	0.521	0.544	0.534	0.813	0.841	0.826	0.625	0.645	0.633

项目Item	农业全要素生产率 Total factor productivity of agriculture		农业技术进步 Agricultural technological progress		农业技术效率 Agricultural technology efficiency
	第一阶段 First stage	第二阶段 Second stage	第一阶段 First stage	第二阶段 Second stage	第一阶段 First stage	第二阶段 Second stage
	(a1)	(a2)	(b1)	(b2)	(c1)	(c2)
数字普惠金融滞后一期	0.420^***		0.420^***		0.420^***
Digital inclusive finance lags behind for one period	(0.046)		(0.046)		(0.046)
数字普惠金融		1.493^***		2.818^***		-1.331^***
Digital inclusive finance		(0.274)		(0.339)		(0.249)
人均生产总值	0.009	-0.035^**	0.009	-0.019	0.009	-0.014
Per capita gross domestic product	(0.006)	(0.016)	(0.006)	(0.020)	(0.006)	(0.020)
人口密度	0.619^*	-2.405^***	0.619^*	-2.758^**	0.619*	-0.357^**
Population density	(0.341)	(0.910)	(0.341)	(1.125)	(0.391)	(0.746)
交通便利程度	0.000	-0.002^***	0.000	-0.000	0.000	-0.002
Transportation convenience	(0.000)	(0.001)	(0.000)	(0.001)	(0.000)	(0.001)
区域创新水平	0.001^*	0.000	0.001^*	-0.002^*	0.001^*	-0.002^*
Regional innovation level	(0.000)	(0.001)	(0.000)	(0.001)	(0.000)	(0.001)
常数项Cons	2.689^***	-6.452^***	2.689^***	-12.582^***	2.689^***	6.154^***
	(0.192)	(1.217)	(0.192)	(1.504)	(0.181)	(1.109)
n	154	154	154	154	154	154
调整R²Adjusted R²	0.620	0.152	0.620	0.402	0.620	0.281

项目 Item	农业全要素生产率 Total factor productivity of agriculture	农业技术进步 Agricultural technological progress	农业技术效率 Agricultural technology efficiency
项目 Item	(1)	(2)	(3)
数字普惠金融Digital inclusive finance	0.364^***	0.682^***	-0.331^***
	(4.114)	(6.589)	(-3.432)
人均生产总值Per capita gross domestic product	0.037^***	0.097^***	-0.056^***
	(3.233)	(7.498)	(-4.542)
人口密度Population density	-0.226	2.914	-3.321^*
	(-0.158)	(1.346)	(-1.714)
交通便利程度Transportation convenience	-0.001	0.005^***	-0.005^***
	(-0.676)	(2.587)	(-3.044)
区域创新水平Regional innovation level	0.001	0.003^***	-0.002^*
	(1.473)	(3.186)	(-1.852)
常数项Cons	-1.657^***	-3.626^***	1.971^***
	(-4.520)	(-8.513)	(4.918)
Sigma_u	0.115^***	0.197^***	0.165^***
	(5.664)	(5.331)	(5.736)
Sigma_e	0.103^***	0.114^***	0.112^***
	(17.392)	(16.957)	(16.998)
n	176	176	176

项目 Item	农业全要素生产率 Total factor productivity of agriculture			农业技术进步 Agricultural technological progress			农业技术效率 Agricultural technology efficiency
	25分位点 25th percentile	50分位点 50th percentile	75分位点 75th percentile	25分位点 25th percentile	50分位点 50th percentile	75分位点 75th percentile	25分位点 25th percentile	50分位点 50th percentile	75分位点 75th percentile
	(a1)	(a2)	(a3)	(b1)	(b2)	(b3)	(c1)	(c2)	(c3)
数字普惠金融	0.363^***	0.588^***	0.664^***	0.617^***	1.112^***	1.036^***	-0.396^**	-0.413^***	-0.204
Digital inclusive finance	(2.712)	(4.287)	(5.422)	(2.637)	(7.378)	(6.401)	(-2.253)	(-2.893)	(-1.001)
人均生产总值	-0.005	0.000	-0.002	0.051^*	0.052^***	0.059^***	-0.083^***	-0.069^***	-0.025
Per capita gross domestic	(-0.296)	(0.005)	(-0.106)	(1.832)	(2.897)	(3.102)	(-3.982)	(-4.081)	(-1.053)
product
人口密度	0.437	-0.338	-2.383^***	-0.491	-0.272	-0.370	0.460	-0.860	-0.790
Population density	(0.442)	(-0.334)	(-2.636)	(-0.284)	(-0.244)	(-0.310)	(0.355)	(-0.816)	(-0.524)
交通便利程度	-0.000	-0.001	-0.003^***	-0.002	0.000	0.001	-0.001	-0.002^**	-0.002
Transportation convenience	(-0.240)	(-1.541)	(-3.607)	(-1.480)	(0.085)	(0.901)	(-0.859)	(-2.178)	(-1.234)
区域创新水平	0.000	0.002	0.003^***	0.000	-0.001	0.000	0.000	0.004^***	-0.000
Regional innovation level	(0.110)	(1.504)	(3.230)	(0.134)	(-0.602)	(0.042)	(0.251)	(3.543)	(-0.023)
常数项Cons	-1.564^***	-2.495^***	-2.642^***	-2.751^***	-4.999^***	-4.629^***	1.961^***	2.113^***	1.093
	(-2.733)	(-4.254)	(-5.044)	(-2.749)	(-7.752)	(-6.686)	(2.611)	(3.461)	(1.251)
n	176	176	176	176	176	176	176	176	176

[1]	WANG Manman, SHEN Zhou, GAO Qizheng. Temporal and spatial changes of China’s agricultural total factor productivity based on the framework of input-output unity [J]. Acta Agriculturae Zhejiangensis, 2024, 36(2): 441-454.
[2]	LIU Zhanwei. Growth and decomposition of agricultural total factor productivity in Henan Province under carbon emissions constraint#br# [J]. , 2014, 26(4): 1031-.

项目 Item	东部East			中部Middle			西部West
	lnAtfp	lnTech	lnEff	lnAtfp	lnTech	lnEff	lnAtfp	lnTech	lnEff
	(a1)	(a2)	(a3)	(b1)	(b2)	(b3)	(c1)	(c2)	(c3)
数字普惠金融	0.255^**	0.34^0**	-0.091	0.192^*	0.579^***	-0.424^*	0.419^**	0.613^***	-0.203
Digital inclusive finance	(2.471)	(3.465)	(-1.260)	(1.730)	(4.272)	(-2.023)	(2.930)	(9.203)	(-1.347)
人均生产总值	0.018	0.090^***	-0.072^***	0.051^**	0.095^**	-0.038	0.018	0.095^**	-0.076^*
Per capita gross domestic product	(0.850)	(4.810)	(-4.478)	(2.720)	(3.345)	(-0.964)	(0.761)	(3.682)	(-2.279)
人口密度	-8.173^**	-3.558	-4.591^**	50.198	59.614	-13.298	28.826	-138.786	161.681
Population density	(-2.653)	(-1.636)	(-2.560)	(1.018)	(0.849)	(-0.196)	(0.251)	(-1.339)	(0.928)
交通便利程度	-0.004	0.012^**	-0.016^**	0.001	0.009^***	-0.008^**	0.013	0.009	0.004
Transportation convenience	(-0.611)	(2.852)	(-2.467)	(0.776)	(4.491)	(-2.818)	(0.995)	(0.550)	(0.135)
区域创新水平	0.010^**	0.00^6**	0.004	0.000	0.002	-0.002	-0.000	0.007	-0.007
Regional innovation level	(2.650)	(3.546)	(1.056)	(0.536)	(1.475)	(-1.732)	(-0.192)	(1.606)	(-1.449)
常数项Cons	-0.744	-1.924^***	1.207^**	-2.038	-4.523^**	2.711^*	-3.109	-0.692	-2.262
	(-1.014)	(-3.851)	(2.516)	(-1.716)	(-3.332)	(2.210)	(-1.475)	(-0.404)	(-0.738)
地区效应 Regional effects	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control
n	56	56	56	64	64	64	56	56	56
R²	0.584	0.867	0.677	0.506	0.771	0.641	0.591	0.911	0.715

项目 Item	东部East			中部Middle			西部West
	lnAtfp	lnTech	lnEff	lnAtfp	lnTech	lnEff	lnAtfp	lnTech	lnEff
	(a1)	(a2)	(a3)	(b1)	(b2)	(b3)	(c1)	(c2)	(c3)
数字普惠金融	0.255^**	0.34^0**	-0.091	0.192^*	0.579^***	-0.424^*	0.419^**	0.613^***	-0.203
Digital inclusive finance	(2.471)	(3.465)	(-1.260)	(1.730)	(4.272)	(-2.023)	(2.930)	(9.203)	(-1.347)
人均生产总值	0.018	0.090^***	-0.072^***	0.051^**	0.095^**	-0.038	0.018	0.095^**	-0.076^*
Per capita gross domestic product	(0.850)	(4.810)	(-4.478)	(2.720)	(3.345)	(-0.964)	(0.761)	(3.682)	(-2.279)
人口密度	-8.173^**	-3.558	-4.591^**	50.198	59.614	-13.298	28.826	-138.786	161.681
Population density	(-2.653)	(-1.636)	(-2.560)	(1.018)	(0.849)	(-0.196)	(0.251)	(-1.339)	(0.928)
交通便利程度	-0.004	0.012^**	-0.016^**	0.001	0.009^***	-0.008^**	0.013	0.009	0.004
Transportation convenience	(-0.611)	(2.852)	(-2.467)	(0.776)	(4.491)	(-2.818)	(0.995)	(0.550)	(0.135)
区域创新水平	0.010^**	0.00^6**	0.004	0.000	0.002	-0.002	-0.000	0.007	-0.007
Regional innovation level	(2.650)	(3.546)	(1.056)	(0.536)	(1.475)	(-1.732)	(-0.192)	(1.606)	(-1.449)
常数项Cons	-0.744	-1.924^***	1.207^**	-2.038	-4.523^**	2.711^*	-3.109	-0.692	-2.262
	(-1.014)	(-3.851)	(2.516)	(-1.716)	(-3.332)	(2.210)	(-1.475)	(-0.404)	(-0.738)
地区效应 Regional effects	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control	控制 Control
n	56	56	56	64	64	64	56	56	56
R²	0.584	0.867	0.677	0.506	0.771	0.641	0.591	0.911	0.715