世界农业

数字普惠金融是金融高质量发展的重要内容，数字乡村建设依托现代信息技术，构建“物理世界”与“数字世界”孪生虚拟空间，或可为促进农村数字普惠金融发展提供新思路。借助国家数字乡村试点的准自然实验，利用2016—2023年中国县级层面数据，运用双重差分法实证分析数字乡村建设对数字普惠金融的影响效应。研究发现，数字乡村建设可以提升数字普惠金融发展水平，且会对数字普惠金融使用深度和数字化程度产生更大的影响效应；在进行多种内生性和稳健性检验之后，本文结论依然成立；中介分析表明，数字技术创新和产业结构升级分别是数字乡村建设赋能数字普惠金融的重要影响机制；异质性分析表明，数字乡村建设在地形起伏较小、政府数字关注度较高、营商环境较优的地区对数字普惠金融展现出更大的促进效应；进一步分析数字乡村建设的经济后果发现，数字乡村建设可以通过推动数字普惠金融发展促进农户增收，并缩小个体间和地区间的收入差距。基于以上结论，本文提出了针对性的政策建议。

Digital inclusive finance is a key component of high-quality financial development. Relying on mo-dern information technology, the construction of digital villages establishes twin virtual spaces of the“physical world” and the “digital world”, which may provide new ideas for promoting the development of rural digital inclusive finance. Using the quasi-natural experiment of national digital village pilots, this study employs county-level data in China from 2016 to 2023 and applies the difference-in-differences method to empirically analyze the impact of digital village construction on digital inclusive finance. The study finds that digital village construction can improve the development level of digital inclusive finance, and exerts a more significant impact on the depth of use and digitalization degree of digital inclusive finance. After conducting various endogeneity and robustness tests, the conclusions of this paper remain valid. Mediation analysis shows that digital technology innovation and industrial structure upgrading are respectively important mechanisms through which digital village construction enables the development of digital inclusive finance. Heterogeneity analysis reveals that digital village construction demonstrates a stronger promotional effect on digital inclusive finance in areas with lower topographic relief, higher government attention to digitalization, and a more favorable business environment. A further analysis of the common economic consequences of digital village construction finds that digital village construction can boost farmers' income by advancing the development of digital inclusive finance, and narrow the income gaps between individuals and across regions. Based on the above conclusions, this paper puts forward targeted policy recommendations.