How does digital inclusive finance promote the journey of common prosperity in China?

ZOU, Jing, YAO, Liming, WANG, Baitao, ZHANG, Yu and DENG, Xiaojun (2024). How does digital inclusive finance promote the journey of common prosperity in China? Cities, 150: 105083.

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Abstract

In contrast to previous studies by using provincial data, this paper employs city-level data from 260 prefecture-level cities in China between 2011 and 2020 to explore the underlying mechanism of how digital inclusive finance promotes the realisation of common prosperity in China. In addition, this paper incorporates financial deepening theory, financial exclusion theory, long tail theory, digital divide theory and technology driven theory to examine the proposed research questions. Through system-GMM and IV estimation, the results show that common prosperity is composed of development, sharing and sustainability. The high level of the weight of the first-level indicators for development and sharing reflects the importance of “prosperity” and “sharing” in common prosperity. Digital inclusive finance plays a significant role in promoting the development of urban common prosperity, with a more pronounced effect in the Eastern cities when compared to the Central and Western cities. In addition, digital inclusive finance is found to promote urban common prosperity by overcoming the digital divide and by improving the activity of urban innovation and entrepreneurship. Furthermore, the degree of marketisation is suggested to exert a positive role in regulating the impact of digital inclusive finance on common prosperity.

Item Type:	Article
Uncontrolled Keywords:	1205 Urban and Regional Planning; 1604 Human Geography; Urban & Regional Planning; 3304 Urban and regional planning; 4406 Human geography; 4407 Policy and administration
Identification Number:	https://doi.org/10.1016/j.cities.2024.105083
SWORD Depositor:	Symplectic Elements
Depositing User:	Symplectic Elements
Date Deposited:	06 Jun 2024 11:37
Last Modified:	06 Jun 2024 11:45
URI:	https://shura.shu.ac.uk/id/eprint/33796

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