The impact of digital inclusive financial development on local government expenditure: Evidence from China
Yuran Chen,
Qian Huang,
Qiaoyun Zhang
Abstract:This paper investigates the impact of digital inclusive financial development on local government expenditure incentives at the income level. It does so by constructing a multi-level government Dynamic Stochastic General Equilibrium (DSGE) model that incorporates the financial sector. By employing empirical methods that involve uncertainty shocks and counterfactual simulations, the research yields several key findings. Firstly, the development of digital inclusive finance contributes to breaking down the urban… Show more
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