Does FinTech Promote Entrepreneurship? Evidence from China

L adoption des Fintech favorise-t-elle l entreprenariat ? Le cas de la Chine

Alraqeb Zeynep, Peter Knaack and Macaire Camille

Working papers from Banque de France

Abstract: The rise of financial technology (FinTech) in China over the past decade has changed the traditional financial landscape in the country. We provide evidence on the role of digital financial services in promoting self-employment. We construct an indicator of relative FinTech adoption at the provincial-level in China. We show that the digitalization of financial services at an aggregated level is associated with a higher share of self-employed individuals in the total population. In rural areas, coverage breadth of digitalized financial services drives the positive impact on the share of self-employment, while in urban areas, digitalized insurance services appear to be more influential. We also show that the shift to self-employment is not at the expense of employment in private firms in the country.

L'essor des technologies financi res (FinTech) en Chine au cours de la derni re d cennie a modifi le paysage financier traditionnel du pays. Nous tudions la relation entre l adoption de ces services et la part de l entreprenariat dans la population totale. Nous construisons un indicateur de l'adoption relative des FinTech au niveau provincial dans le pays, et montrons que la num risation des services financiers est associ e une part plus lev e d autoentrepreneurs dans la population totale. Dans les zones rurales, l' tendue de la couverture des services financiers num ris s est l'origine de cet impact positif, tandis que dans les zones urbaines, les services d'assurance num ris s semblent avoir plus d'influence. Nous montrons galement que le passage l'emploi ind pendant ne se fait pas au d triment de l'emploi au sein des entreprises priv es dans le pays.

Keywords: Fintech; Financial Inclusion; Digitalization; China; Entrepreneurship; Fintech; inclusion financi re; digitalisation; Chine; entreprenariat (search for similar items in EconPapers)
JEL-codes: G23 J21 O33 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2022
New Economics Papers: this item is included in nep-ban, nep-cna, nep-ent, nep-fdg, nep-fle, nep-fmk, nep-lma and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:895

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