Does inclusive finance improve income: A study in rural areas

Li, Zhiyi; Tuerxun, Mayila; Cao, Jianhong; Fan, Min; Yang, Cunyi

doi:10.3934/math.20221146

Cited by 15 publications

(7 citation statements)

References 76 publications

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“…Due to problems such as structural mismatch, traditional financial services cannot effectively solve the financing problems faced by enterprise technology innovation (Li et al, 2022). In recent years, with the development of big data, blockchain, artificial intelligence and other technologies, whether the development of digital finance can improve the enterprise financing environment and promote technological innovation has become a new research topic (Hao et al, 2023;Wu et al, 2021a;Ren et al, 2022a).…”

Section: Introductionmentioning

confidence: 99%

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

Lu¹,

Dagestani²

2023

JIE

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Based on China's 30 provincial panel data from 2006 to 2018, this paper uses the spatial Durbin model to empirically study the influence path and transmission mechanism of financial development on regional technological innovation, and introduce digital finance environment, marketization degree, and government environmental management as an adjustment variable to verify its regulating effect on financial development and regional technological innovation. The study found that the overall promotion of digital finance to local technological innovation is not significant. Besides, the characteristics of ownership discrimination and weak risk appetite in the bank's medium and long-term credit market have led to its failure to promote regional technological innovation. In contrast, the stock market and bond market in direct financing channels have enhanced local innovation capabilities. When the external environmental system is used as the adjustment variable, the results show that an excellent digital finance development, marketization degree, and government environmental management can effectively and positively regulate the effect of financial development and technological innovation.

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Section: Introductionmentioning

confidence: 99%

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

Lu¹,

Dagestani²

2023

JIE

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“…Based on the theoretical analysis and the proposed research hypothesis above, referring to the research of Lin et al (2022) and Li et al (2022), a benchmark regression model is constructed to verify the direct impact of the digital economy on the common prosperity.…”

Section: Model Constructionmentioning

confidence: 99%

“…To prevent the existence of omitted variables from affecting the accuracy of the results, four control variables are included in this paper. Human capital (edu) is measured by the average number of years of education of citizens over 6 years old (Li et al, 2022;Hao et al, 2023;Du et al, 2022). Economic openness is measured by the ratio of total import and export trade to regional GDP (Hao et al, 2022;Zhou et al, 2022).…”

Section: Variable Selection and Settingmentioning

confidence: 99%

Digital economy, entrepreneurial activity, and common prosperity: Evidence from China

Zhao

Jiao

Wang

2023

JIE

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Based on the provincial panel data of China from 2011 to 2019 for a total of 9 years, this paper uses the entropy method to construct a comprehensive measure of the digital economy and common prosperity. We theoretically analyzed the impact mechanism of the digital economy on common prosperity using the econometric model. The study found that the digital economy can significantly promote the realization of common prosperity. The digital economy has a significant impact on the development and sustainability of common prosperity. The results of the impact mechanism show that the digital economy promotes common prosperity by increasing entrepreneurial activity. Heterogeneity research shows that the role of digital economy in promoting common prosperity changes with different regions. Specifically, the digital economy in the central and western regions can significantly promote the realization of common prosperity, but this impact is not significant in the eastern region. From the regression results of the digital economy, we can see that industrial digitalization and digital infrastructure play a greater role in promoting common prosperity. Economic openness affects the promotion of digital economy to common prosperity. The conclusion of this work provides an important research reference for the development of digital economy and the realization of common prosperity.

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“…Compared with traditional finance, digital inclusive finance has the features of easy access, low-cost and wide coverage (Du et al, 2022;Wang and Guo, 2022). It can provide enterprises with more convenient, efficient and accurate financing and information services, and a broader financing platform (Li and Li, 2022). In view of the above-mentioned characteristics of digital inclusive finance, the path of digital inclusive finance influencing the upgrading of regional industrial structure mainly includes the following aspects.…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

“…Second, digital inclusive finance influences the upgrading of regional industrial structure through demand effect (Li et al, 2022). The inclusive nature of digital inclusive finance provides new ways to reduce financial poverty.…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

How does digital finance affect industrial transformation?

Zhanbayev

2023

JIE

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With the continuous advancement of technological revolution and industrial transformation, digital finance supported by big data and artificial intelligence has become an important engine for promoting carbon neutrality. We measured the industrial structure transformation index (ISU) of 30 provinces in China, and discussed the spatial spillover effect and transmission mechanism between digital finance and ISU using the spatial Durbin model. The research results demonstrate that the digital finance development can significantly improve the local ISU. Interestingly, the impact of digital finance on the ISU of adjacent areas has a significantly negative spatial spillover effect, which still exists under the different spatial weight matrix. Digital finance can improve ISU by improving green technology innovation, upgrading industrial structure, and alleviating capital allocation. We also found that the higher degree of marketization and environmental regulation can increase the positive influences of digital finance on ISU. This research proves the effectiveness of the digital finance in improving energy efficiency, and it encourages policymakers around the world to rely on digital finance to promote ecological governance and achieve high-quality economic development.

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Does inclusive finance improve income: A study in rural areas

Cited by 15 publications

References 76 publications

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

Digital economy, entrepreneurial activity, and common prosperity: Evidence from China

How does digital finance affect industrial transformation?

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