Research on the Impact of Internet Finance on Rural Economic Growth

Xiaoqing Sun

Abstract: Finance is an important lifeline of economic development, and rural finance has always been a difficult problem. The problems of unbalanced resource allocation, product shortage and lack of service have not been effectively solved. Advances in Internet technology will boost the rapid development of rural finance. This paper uses the indicators related to the development level of rural Internet finance and rural economic growth in China from 2011 to 2017, and builds a multivariate linear regression model to increase the value of rural Internet finance development and the value added of the primary industry, the per capita disposable income of rural residents, and rural food. The empirical analysis of output shows that the development of rural Internet finance can promote rural economic growth. The government should actively support the development of rural Internet finance and guide the innovation of rural Internet financial models.

Keywords: rural finance, rural internet financ, rural economic growth, linear regression equation