关键词: 数字普惠金融, 乡村振兴, 资本配置效率, 资本错配

Abstract: Based on the strategic deployment of rural revitalization outlined at the Third Plenary Session of the 20th Central Committee of the Communist Party of China, this study constructs a comprehensive rural revitalization index encompassing five sub-dimensions-industrial prosperity, ecological livability, cultural civilization, effective governance, and affluent living-to explore the impact of digital inclusive finance on rural revitalization. The findings reveal that digital inclusive finance exerts positive promoting effects on all sub-dimensions and the composite index of rural revitalization. Threshold model analysis demonstrates that its influence on the composite index exhibits nonlinear characteristics with diminishing marginal effects. This promoting effect is more pronounced in regions with higher capital allocation efficiency. Accordingly, the following policy recommendations are proposed: coordinate resource constraints across different stages of rural revitalization to optimize digital inclusive financial planning; enhance rural resource allocation efficiency and facilitate the flow of urban-rural factors; strengthen financial literacy education in rural areas, and deepen the integration of digital technologies with rural industries, so as to further leverage the role of digital inclusive finance in advancing rural revitalization.

Key words: digital inclusive finance, rural revitalization, capital allocation efficiency, capital mismatch