Table 8.
Regression results of heterogeneity discussion.
| The eastern region (1) | The central region (2) | In the western region (3) | |
|---|---|---|---|
| DIF | 2.987*** (0.513) | 0.932*** (0.068) | 1.408 (0.726) |
| Control variables | Yes | Yes | Yes |
| _cons | −18.40*** (1.851) | −7.834* (1.873) | −17.53*** (1.845) |
| N | 88 | 64 | 96 |
| R-sq | 0.943 | 0.976 | 0.978 |
| Adj. R-sq | 0.935 | 0.955 | 0.968 |
To sum up, the effect of digital inclusive finance on the development of rural industries depends on the economic development level, the production environment, and human capital.