Spatial econometric analysis of digital financial inclusion in China

Xiao-Ling Song, Ya-Ge Jing and Kade'erya Akeba'erjiang

International Journal of Development Issues, 2020, vol. 20, issue 2, 210-225

Abstract: Purpose - This study aims to empirically analyze the factors influencing digital financial inclusion in China. Design/methodology/approach - Using panel data from 31 provinces in China for the years 2011-2018, the study constructed spatial econometric models for regression analysis at the national and regional levels. Findings - Economic development, government intervention, internet penetration and the development of the credit level significantly affected the development of digital financial inclusion in China. However, the specific influence of the various factors varied by province. Provinces with less-developed economies generally had weaker economic foundations and underdeveloped digital financial services, making it more difficult to fully achieve digital financial inclusion. Practical implications - Relevant government policies should strengthen digital infrastructure and improve the organizational systems and services of digital finance to support the balanced development of digital financial services in China. Originality/value - China’s e-commerce development has been at the global forefront for decades, which suggests digital financial inclusion is also well-placed for strong development in China. However, quantitative research on the digital financial inclusion index has remained insufficient in China and worldwide, with most research ignoring the status of different development levels in a different region. To address this gap in the literature, this study empirically researched the status, regional differences and causes associated with these differences that impact digital financial inclusion in China.

Keywords: China; Panel data; Digital financial inclusion; Digital financial inclusion index; Inter-provincial comparison; Spatial econometric model (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijdipp:ijdi-05-2020-0086

DOI: 10.1108/IJDI-05-2020-0086

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