Policy coordination mechanism: Rural financial inclusion and public governance in developing countries

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-07-12 DOI:10.1016/j.frl.2025.107971

Yiming Wu , Yuxuan Li , Lichun Xiong

引用次数: 0

Abstract

Based on cross-country panel data from developing countries, this paper examines the impact of financial inclusion on rural public governance, introducing the level of fiscal policy implementation as a proxy variable for policy coordination to further explore its moderating effect. Additionally, the sample is divided according to per capita GDP to conduct heterogeneity analysis. The study finds: first, financial inclusion has a positive effect on public governance; second, the policy coordination mechanism significantly and positively moderates the relationship between financial inclusion and public governance; and third, in countries (or regions) with weaker socioeconomic foundations, the impact of financial inclusion on public governance is more pronounced, demonstrating significant structural heterogeneity. This research provides empirical evidence and policy references for promoting the integrated development of rural finance and public service systems.

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政策协调机制：发展中国家农村普惠金融与公共治理

本文基于发展中国家的跨国面板数据，考察了普惠金融对农村公共治理的影响，并引入财政政策执行水平作为政策协调的代理变量，进一步探讨其调节作用。此外，根据人均GDP对样本进行划分，进行异质性分析。研究发现：第一，普惠金融对公共治理具有正向影响；二是政策协调机制显著正向调节普惠金融与公共治理的关系；第三，在社会经济基础薄弱的国家（或地区），普惠金融对公共治理的影响更为明显，呈现出显著的结构异质性。本研究为促进农村金融与公共服务体系一体化发展提供了实证依据和政策参考。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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