The development of digital inclusive finance is an important measure to implement the rural revitalization strategy. Taking the villages in the five northwestern provinces as the research object, supported by the panel data of the five northwestern provinces from 2011 to 2020, and on the basis of constructing a rural revitalization measurement system, the paper empirically explored the intrinsic connection between digital inclusive finance and rural revitalization in the five northwestern provinces, and found that: digital inclusive finance can significantly promote rural revitalization in the five northwestern provinces, and this positive effect still holds after the endogeneity test and robustness test still holds. Meanwhile, under the heterogeneity characteristic test, regions under different boundary conditions present significant asymmetric effects: for example, Shaanxi Province has a higher level of economic development among the five Northwestern provinces, strong consumer demand, and a high degree of integrated development of urban and rural compulsory education, so the positive effect of digital inclusive finance development on rural revitalization is stronger in this province. Finally, digital inclusive finance can play the mechanization popularization effect, entrepreneurship incentive effect and income growth effect to promote rural revitalization development.

Zijun Song. Empirical Study on Digital Inclusive Finance to Promote Rural Revitalization—Taking Five Northwestern Provinces as an Example. Academic Journal of Business & Management (2023) Vol. 5, Issue 27: 109-116. https://doi.org/10.25236/AJBM.2023.052718.

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