How does digital inclusive finance affect county's common prosperity: Theoretical and empirical evidence from China

Guo, Dong; Li, Lin; Pang, Guoguang

doi:10.1016/j.eap.2024.03.016

Cited by 9 publications

(2 citation statements)

References 54 publications

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“…Model ( 7) is consistent with models (1) and ( 4). Model (8) indicates that the influence coefficient of digital inclusive finance on emission is −0.007, which is significantly negative. Model (9) demonstrates that the regression coefficients of digital inclusive finance and pollution emission to economic resilience are 0.025 and −0.028, respectively, and all pass the significance test of 0.01.…”

Section: Mechanism Testingmentioning

confidence: 99%

“…It relies on digital technologies such as big data and blockchain, to play an important role in breaking down the boundaries of financial services, promoting the diversification of financial services, lowering financial barriers and providing more convenient financial services. Furthermore, it solves the problem of the long-tail customers that have long been ignored by financial institutions, improves the efficiency of financial services serving the real economy, and provides a comprehensive tool for governance, while also protecting financial services [8]. As a result, digital inclusive finance has become one of the ways that financial exclusion of the traditional financial system has been overcome and provides sustainable financial services for the disadvantaged, broadening the thinking for China's economic development and national governance [9].…”

Section: Introductionmentioning

confidence: 99%

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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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Section: Mechanism Testingmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%