Welcome to Francis Academic Press

Academic Journal of Humanities & Social Sciences, 2022, 5(2); doi: 10.25236/AJHSS.2022.050208.

The Impact of Financial Development and Rural Revitalization on High-quality Economic Development——Empirical Analysis Based on Regional Provincial Data


Wang Yiting

Corresponding Author:
Wang Yiting

University of Shanghai for Science and Technology, Shanghai, China


According to the connotation of high-quality economic development, combined with China's rural revitalization strategy, entropy weight and TOPSIS Method is used to measure comprehensive indicators. A balanced panel data regression model is established to explore the influencing factors of differences in high-quality economic development between eastern and western regions of China. The results show that there are significant differences in the impact of financial development on the high-quality economic development of eastern and western China . We should continue to pay attention to the differentiated western financial development policies; attach importance to improving the quality of life in rural areas, and strengthen infrastructure construction and public services in the east and west; improve the productivity of rural areas in the west, realize the transfer of surplus rural labor, promote the development of rural industries, and provide a solid foundation for high-quality economic development.


High-quality Economic Development; Financial Development; Rural Revitalization; Panel Regression Model; Comparison Between East And West

Cite This Paper

Wang Yiting. The Impact of Financial Development and Rural Revitalization on High-quality Economic Development——Empirical Analysis Based on Regional Provincial Data. Academic Journal of Humanities & Social Sciences (2022) Vol. 5, Issue 2: 54-64. https://doi.org/10.25236/AJHSS.2022.050208.


[1] Yang Ke.Financial Development and Economic Growth Quality——Based on my country's Provincial Panel Data Research[J].Modern Management Science,2016(07):60-63.

[2] Kandil, M., Shahbaz, M., Mahalik, MK and Nguyen, DK (2017), "The drivers of economic growth in China and India: globalization or financial development?", International Journal of Development Issues, Vol. 16 No. 1, pp. 54-84.

[3] Guru, BK and Yadav, IS (2019), "Financial development and economic growth: panel evidence from BRICS", Journal of Economics, Finance and Administrative Science, Vol. 24 No. 47, pp. 113-126.

[4] Liu Cuixia, Shi Daimin.An Empirical Analysis of the Endogenous Relationship between Financial Development and Economic Growth[J].Statistics and Decision-Making,2020,36(22):156-159.

[5] Sarwar, A., Khan, MA, Sarwar, Z. and Khan, W. (2021), "Financial development, human capital and its impact on economic growth of emerging countries", Asian Journal of Economics and Banking, Vol. 5 No . 1, pp. 86-100.

[6] Zhao Yulin, Yan Ping, Gu Junjian.Analysis of Influencing Factors of High-quality Development of High-tech Zones: Empirical Evidence from High-tech Zones in Hubei Province[J].China Science and Technology Forum,2021(09):104-115.

[7] Chang Jianxin. Financial Development, Capital Misallocation and High-quality Economic Development [J]. Research on Financial Development, 2021(07):62-70.

[8] He Zhili, Wang Fayuan, Wang Zongshun, Hou Yuqiao. Green technology innovation, financial threshold and high-quality economic development: Based on the empirical evidence of the Yangtze River Economic Belt [J/OL]. Statistics and Decision-Making, 2021(19):116-120

[9] Scentana. The Impact of Rural Finance on Economic Development from the Seven Western Provinces[J]. Journal of the National School of Administration, 2018(04):115-120+151.

[10] Zhou Zidong.An Empirical Study on the Effect of Financial Development on Economic Growth in the Western Region——Based on the Data of 11 Western Provinces[J].Journal of Xi'an University of Finance and Economics,2018,31(03):43-49.

[11] Zhang He. The impact of digital inclusive finance on economic growth in western my country under the background of comprehensively promoting rural revitalization [J]. Journal of Yunnan Minzu University (Philosophy and Social Sciences Edition), 2021,38(05):55-62.

[12] Han Yaxin, Cao Liqiang. Research on the Influence of Leisure Agriculture on Luoyang's Economic Development [J]. Rural Science and Technology, 2021,12(24):69-71.

[13] Baiklam·Zikelia, Liu Song, Yu Bo, Zhou Chunshan. Research on the mechanism of Tibetan agricultural modernization on urbanization development [J/OL]. Agricultural Modernization Research: 1-10 [2021-10-01].