Abstract Based on 31 provincial panel data from 2011 to 2020, and on the basis of theoretical analysis, this paper uses a two-way fixed effect model to test how digital finance affects the toughness of China's grain system. The results show that digital finance can significantly improve the resilience of China's grain system. After a series of robustness tests and elimination of endogenous problems, the conclusion is still valid. The results of heterogeneity test show that digital finance plays a more significant role in improving the resilience of grain system in central and western regions. The results of regulatory effect test indicate that government support and financial supervision can significantly enhance the resilience of digital financial enabling grain system. On the basis of these conclusions, the paper proposes that in view of the changing characteristics of the resilience of the grain system, the government should fully release the potential of digital finance to enable the resilience of the grain system. Based on the heterogeneity of the eastern, central and western regions, the state should support the development of digital finance according to local conditions, appropriately and effectively supervise and scientifically guide the development of digital finance.
WANG Yanfei,YE Jyu,CAO Jie. Study on the Mechanism and Effect of Digital Finance Improving the Resilience of Grain System. Economic Survey, 2023, 40(5): 048.
2023, Vol. 40 
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