EconPapers    
Economics at your fingertips  
 

Can FinTech development pave the way for a transition towards inclusive growth: Evidence from an emerging economy

Shuangshuang Fan, Yuetong Wei, Xiao Niu, Tomas Baležentis and Leonardo Agnusdei

Structural Change and Economic Dynamics, 2023, vol. 67, issue C, 439-458

Abstract: This study investigates the impact of financial technology (FinTech) on inclusive growth (IG) by exploiting a panel of 281 prefecture-level Chinese cities in the years 2011–2020 using the spatial econometric model and machine learning algorithm. The results show that FinTech positively impacts IG, while there is no spatial spillover effect. The evidence from the machine learning algorithms suggests that as FinTech advances to a higher level, its positive impact on IG increases. The mechanism test shows that the latter effect is achieved through entrepreneurial stimulation and human capital enhancement. Moreover, the impact of FinTech on IG is more pronounced in large and medium-sized cities and cities in the eastern region. However, it does not significantly affect small cities or cities in the central region. This paper, therefore, offers new insights on the interaction between FinTech and IG along with the analysis of the effects related to the development of FinTech on IG in China.

Keywords: FinTech; Inclusive growth; Entrepreneurship; Human capital spatial model; Machine learning (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0954349X23001273
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:67:y:2023:i:c:p:439-458

DOI: 10.1016/j.strueco.2023.09.009

Access Statistics for this article

Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

More articles in Structural Change and Economic Dynamics from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

 
Page updated 2024-12-28
Handle: RePEc:eee:streco:v:67:y:2023:i:c:p:439-458