Moderation effect regression results¹.

This paper explores the role of digital inclusive finance in enhancing rural economic resilience, using panel data from 30 Chinese provinces, municipalities, and autonomous regions from 2013 to 2023. The results show that digital inclusive finance significantly improves rural economic adaptability and transformation capabilities, though its impact on risk resistance is minimal. It strengthens rural economic resilience through two main channels: improving transportation infrastructure and promoting rural technological innovation. This effect is particularly strong in areas with advanced rural digital infrastructure. Heterogeneity analysis reveals that digital inclusive finance positively impacts rural economic resilience in both eastern and western regions, but has no significant effect in central regions. Furthermore, its impact is more pronounced in non-agricultural provinces compared to agricultural ones. The study suggests that the government should continue expanding digital inclusive finance, while tailoring policies to local conditions, to support the sustainable development of the rural economy.本研究以2013至2023年中国30个省、自治区及直辖市的面板数据（panel data）为样本，探讨了数字普惠金融（digital inclusive finance）对农村经济韧性的提升作用。研究结果显示，数字普惠金融可显著增强农村经济的适应能力与转型能力，但其对风险抵御能力的影响较为微弱。其提升农村经济韧性的传导路径主要包含两个维度：一是完善交通基础设施建设，二是推动农村技术创新。该促进效应在农村数字基础设施较为发达的地区表现得尤为突出。异质性分析结果表明，数字普惠金融对东部及西部地区的农村经济韧性均具有正向提升作用，但对中部地区的影响未达到显著水平。此外，相较于农业省份，数字普惠金融对非农省份农村经济韧性的提振效果更为显著。本研究建议，政府应持续扩大数字普惠金融的覆盖范围，并因地制宜制定差异化政策，以支撑农村经济的可持续发展。