Digital financial inclusion and poverty alleviation: Evidence from the sustainable development of China

Lou, Runchi; Wang, Fuhao

doi:10.1016/j.eap.2022.12.004

Cited by 130 publications

(30 citation statements)

References 66 publications

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“…Additionally, digitizing financial processes reduces reliance on physical infrastructure, minimizes paper usage and contributes to resource efficiency and environmental conservation (Ozturk & Ullah, 2022; Shen et al, 2021). Moreover, digital financial inclusion is crucial for combating poverty and income inequality by providing marginalized populations with new avenues for economic empowerment (Lee et al, 2023; Omar & Inaba, 2020; Wang & Fu, 2022; Xu et al, 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

“…By broadening the reach of financial services to underprivileged regions, it facilitates children's access to education, thereby tackling the critical problem of children excluded from the educational system. In the face of declining Sustainable Development Goal indices, digital financial inclusion is vital in fostering inclusive growth and advancing towards a more sustainable and equitable future (Ibourk & Elouaourti, 2023aLee et al, 2023).…”

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confidence: 99%

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Unveiling the drivers of Africa's digital financial inclusion journey

Elouaourti,

Ibourk

2024

African Development Review

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This study aimed to unveil the evolving landscape of digital financial inclusion in African countries during the post‐COVID‐19 era. We examined factors influencing the access and usage of digital financial services and identified population segments facing increased exclusion due to the digital divide. First, by applying principal component analysis to data collected at the country level from 39 African countries in 2014, 2017, and 2022, we developed a digital financial inclusion index. Second, the empirical research utilized a microlevel dataset of 29,042 adults from 29 countries, sourced from the World Bank's Global Findex 2021 database, employing the instrumental variable probit methodology. Comparative analysis showed improvements in digital financial inclusion rankings for Kenya, Lesotho, and Botswana, while Egypt, Sudan, Tunisia, and Niger experienced declines, indicating limited access. Our empirical findings suggest that certain groups, such as women and individuals with limited education and lower incomes, encounter obstacles in accessing digital financial services. Factors such as education level, labor market participation and access to technology and internet infrastructure emerged as crucial in promoting digital financial inclusion. Our sample's representative nature enhances the study's practical implications, guiding public policies and international institutions to accelerate digital financial inclusion in Africa.

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Section: Literature Reviewmentioning

confidence: 99%

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confidence: 99%

Unveiling the drivers of Africa's digital financial inclusion journey

Elouaourti,

Ibourk

2024

African Development Review

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“…Furthermore, digital inclusive finance has a "monetary policy transmission" effect. Some scholars have discussed the influence of digital inclusive finance on economic fluctuation through the lens of the transmission effect of digital in-clusive finance on monetary policy, and have concluded that digital inclusive finance can affect monetary policy through the interest rate and credit channels, thereby stabilizing the broader economy [25], greatly enhancing the effectiveness of monetary policy and laying a solid foundation for the macroeconomic regulation and control of counter-cyclical policies in China, which helps to reduce the scope of economic fluctuation, promote the smooth operation of the economy and enhance the economic resilience [26].…”

Section: The Theoretical Logic Of Economic Resilience Enabled By Digi...mentioning

confidence: 99%

Does Digital Inclusive Finance Help County Level Governance in the Five Provinces of Northwest China, from the Perspective of Economic Resilience?

Gong,

Zhao

2024

Sustainability

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The sustainable development of a country requires stable funds to reshape and restore its economy, something which cannot be separated from the support of financial services. Digital financial inclusion, with its inclusive and extensive features, has provided a new impetus for economic development and governance. Based on the panel data of 193 counties in 5 provinces of northwest China from 2014 to 2021, this paper uses a bi-directional fixed effect model, an intermediary effect model and a threshold effect model in order to test digital inclusive finance and county-level economic resilience, and to explore the internal correlation details. The results show that digital inclusive finance will significantly enhance the economic resilience of the five northwestern provinces by improving capital allocation efficiency, enhancing entrepreneurship and employment vitality, and reducing pollution emissions. In addition, there is a double threshold effect between capital allocation efficiency and employment vitality, in which the threshold effect of capital allocation efficiency presents a progressively increasing state, and in which the threshold effect of entrepreneurship and employment vitality presents a state of fluctuating increase. Therefore, China needs to further improve the digital inclusive financial environment in its northwest; continue and deepen the significant functions of digital inclusive finance in resource allocation efficiency, entrepreneurship and employment vitality, and environmental protection; and provide guidance for solving regional imbalances and promoting national sustainable development.

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“…The demand for high-value-added products has increased significantly because of societal progress and increased improvement of consumption level [1] . However, growth in demand has also led to a rise in the counterfeit market, which has become a major issue.…”

Section: Introductionmentioning

confidence: 99%

A high security coding and anti-counterfeiting method based on the nonlinear magnetization response of superparamagnetic nanomaterials

shi,

lin,

Wang

et al. 2024

Preprint

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Traditional coding methods based on graphics and digital or magnetic labels have gradually decreased their anti-counterfeiting because of market popularity. This paper presents a new anti-counterfeiting coding method. This method uses a high-performance coding material, which, along with small changes to the material itself and the particle size of the magnetic nanomaterials, results in a large difference in the nonlinear magnetization response. This method, which adopts 12-site coding and establishes a screening model by measuring the voltage amplitude of 12-site variables, can code different kinds of products, establishing long-term stable coding and decoding means. Through the anti-counterfeiting experiment of wine, the experiment results show that the authenticity of the coded products can be verified using the self-developed automatic coding and decoding detection system. The new coding technology can verify the anti-counterfeiting of 9,000 products, with a single detection accuracy of 97% and a detection time of less than one minute. Moreover, this coding method completely depends on the production batch of the superparamagnetic nanomaterials, which is difficult to imitate, and it provides a new coding anti-counterfeiting technology for related industries with a wide range of potential applications.

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Digital financial inclusion and poverty alleviation: Evidence from the sustainable development of China

Cited by 130 publications

References 66 publications

Unveiling the drivers of Africa's digital financial inclusion journey

Unveiling the drivers of Africa's digital financial inclusion journey

Does Digital Inclusive Finance Help County Level Governance in the Five Provinces of Northwest China, from the Perspective of Economic Resilience?

A high security coding and anti-counterfeiting method based on the nonlinear magnetization response of superparamagnetic nanomaterials

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