【摘要】 本文基于金融功能理论构建数字普惠金融影响农村产业融合的理论分析框架，以2011—2022年省级面板数据为样本，实证检验数字普惠金融对农村产业融合的影响机制，并分析数字普惠金融与传统金融的协同作用。研究结果表明：数字普惠金融对农村产业融合发展具有正向作用。机制检验表明，数字普惠金融通过缓解流动性约束和提高创业活跃度促进农村产业融合；其覆盖广度、数字化程度是推动农村产业融合的关键因素。此外，这一推动作用具有显著的区域异质性，呈现出中西部高、东部低与北高南低特征。进一步分析发现，传统金融发展有助于增强数字普惠金融对农村产业融合的推动作用，且在传统金融高水平地区，传统金融协同数字普惠金融赋能农村产业融合效果最优。更多还原

【Abstract】 Based on the theory of financial function and structure, this paper clarifies the mechanism by which digital inclusive finance promotes rural industrial integration. Based on provincial panel data from 2011 to 2022,this study empirically investigates the direct effects and mediating roles of digital inclusive finance in promoting rural industrial integration. It further contrasts the influence of digital inclusive finance with that of traditional finance. The findings suggest that digital inclusive finance plays a pivotal role in facilitating the development of rural industrial integration. The mediating mechanism test indicates that digital inclusive finance primarily facilitates rural industrial integration by easing liquidity constraints and increasing entrepreneurial activity. The positive impact demonstrates notable regional differences, being more pronounced in the central and western areas than in the eastern region, and stronger in the northern regions compared to the southern ones. Further analysis shows that traditional finance plays a synergistic role in this process, with the promoting effect of digital inclusive finance on rural industrial integration being more pronounced in areas with higher levels of traditional finance. The best synergistic effect is achieved when traditional finance is at a moderate level, allowing both digital and traditional finance to jointly empower rural industrial integration.更多还原