Digital financial inclusion for economic growth

DOI

10.2991/978-94-6463-298-9_10How to use a DOI?

Keywords

digital inclusive finance; economic growth; energy transition; high-quality growth

Abstract

The digital and inclusive advantages of digital inclusive finance, an emerging business, have contributed to high-quality economic growth, and energy transition has led a vital role in this process, but few articles have examined the association among digital financial inclusion, energy transition and the development of economy. This research utilizes panel statistics of 30 provinces in China from 2011 to 2019, and adopts panel regression methods to build regression models to analyze the role of digital inclusive finance on economic growth and the moderating role played by energy transition in it. The study illustrates that digital inclusive finance has significantly enhanced economy by promoting innovation and entrepreneurship and narrowing the income gap, while energy transition strengthens the salutary effect of digital inclusive finance on the growth of economy. Based on this, it is recommended that the government should harness the strength of digital inclusive finance in driving economic growth, and use digital inclusive finance to actively enhance the financing of energy transition, and leverage the financial credit by “digital dividend”, so as to promote the high-quality economic growth.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Kuian Chen
PY  - 2023
DA  - 2023/11/30
TI  - Digital financial inclusion for economic growth
BT  - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
PB  - Atlantis Press
SP  - 94
EP  - 109
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-298-9_10
DO  - 10.2991/978-94-6463-298-9_10
ID  - Chen2023
ER  -