Research on the long tail mechanism of digital finance alleviating the relative poverty of rural households. by Shengfeng Xie, Caimin Jin, Ting Song, Chengxiao Feng

“…According to the inference of an improved Cobb-Douglas production function and Ramsey-Cass-Koopmans two-stage household consumption model, the long-tail mechanism for digital finance to alleviate the relative poverty of farmers includes productive investment mechanism, credit mechanism, financial asset allocation and entrepreneurial mechanism. An empirical analysis of 11,519 rural households across China based on CHFS2019 data shows that digital finance can significantly and steadily alleviate relative poverty by improving credit availability and promoting household entrepreneurship, while its effect on increasing productive investment opportunities and optimizing financial asset allocation is less certain. …”
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Research on the long tail mechanism of digital finance alleviating the relative poverty of rural households by Shengfeng Xie, Caimin Jin, Ting Song, Chengxiao Feng

“…According to the inference of an improved Cobb-Douglas production function and Ramsey-Cass-Koopmans two-stage household consumption model, the long-tail mechanism for digital finance to alleviate the relative poverty of farmers includes productive investment mechanism, credit mechanism, financial asset allocation and entrepreneurial mechanism. An empirical analysis of 11,519 rural households across China based on CHFS2019 data shows that digital finance can significantly and steadily alleviate relative poverty by improving credit availability and promoting household entrepreneurship, while its effect on increasing productive investment opportunities and optimizing financial asset allocation is less certain. …”
Get full text