Digital Inclusive Finance and Regional Economic Quality Development

——Evidence from China

DOI

10.2991/978-94-6463-036-7_162How to use a DOI?

Keywords

Digital Inclusive Finance; High-Quality Economic Development; Fixed Effects Model

ABSTRACT

As a result of the COVID-19 outbreak, various countries and regions have engaged in a degree of continued segregation and blocking policies that have forced people to use as many digital financial platforms as possible. In this context, The topic of how to use and develop digital inclusive finance to promote economic development is receiving increasing attention from all sectors of society. Based on the five economic development concepts proposed by China's 19th National Congress, this paper compiles relevant economic indicators to obtain data representing the scores of the level of high-quality economic development in 31 provinces in China, and analyzes the role between the degree of digital financial inclusion development and high-quality economic development in these 31 provinces. The study shows that it has a strong contribution to regional economic quality development, with the most significant contribution of digitization to regional economic quality development even exceeding 1, implying that investment in digitization is a key concern for the economic development of provinces. The study also shows that the current development of digital inclusive finance in China inhibits the green and open development of the regional economy. This may be caused by the effective demand deficit effect and negative externalities. This study empirically points out the specific impact mechanisms of China's digital inclusive finance development on promoting high-quality regional economic growth, which provides theoretical support for China to use digital inclusive finance development further to make the level of high-quality regional economic development better and also provides lessons for digital inclusive finance and high-quality regional economic development in other countries.

Copyright

© 2022 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  - Jiajia Wu
AU  - Yiming Sun
PY  - 2022
DA  - 2022/12/31
TI  - Digital Inclusive Finance and Regional Economic Quality Development
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1098
EP  - 1108
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_162
DO  - 10.2991/978-94-6463-036-7_162
ID  - Wu2022
ER  -