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Complementarity or Substitution: A Study of the Impacts of Internet Finance and Rural Financial Development on Agricultural Economic Growth

Bingjing Mei, Arshad Ahmad Khan, Sufyan Ullah Khan, Muhammad Abu Sufyan Ali, Jianchao Luo · 2022 · Agriculture

Summary. Using Chinese county-level data from 2014–2018, this study examines how internet finance and rural finance affect agricultural economic growth. The researchers found that both contribute to growth, but show substitution effects—internet finance reduces the marginal impact of traditional rural finance. Internet finance benefits wealthy counties but hinders development in poorer regions. The findings suggest policymakers should restructure rural financial markets and modernize traditional financial institutions.

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Mei, B., Khan, A. A., Khan, S. U., Ali, M. A. S., & Luo, J.. (2022). Complementarity or Substitution: A Study of the Impacts of Internet Finance and Rural Financial Development on Agricultural Economic Growth. Agriculture. https://doi.org/10.3390/agriculture12111786

Details

DOI
10.3390/agriculture12111786
Countries
China
Regions
Asia
Categories
funding, broadband-and-digital, food-systems
Added
2026-04-28