Promoting Common Prosperity through Digital Finance: Analysis based on the Zhejiang's Common Prosperity Demonstration Zone

Qinyi Yu () and Jiale Chen
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Qinyi Yu: Zhejiang Gongshang University, School of Finance
Jiale Chen: Zhejiang Gongshang University, School of Finance

A chapter in Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), 2023, pp 14-20 from Springer

Abstract: Abstract This article explores the role of digital finance in promoting common prosperity, using Zhejiang Province as a case study. Through factor analysis and logistic regression studies on the data, it is found that improving the convenience of daily life significantly influences residents' satisfaction with common prosperity policies. Moreover, addressing the issues of residents' mistrust and lack of financial knowledge and policy understanding, recommendations are provided for the government, communities, and residents. This research provides empirical analysis and policy recommendations for leveraging digital finance to promote common prosperity.

Keywords: Digital Finance; Common Prosperity; Factor Analysis; Logistic Regression; Improvement Recommendations (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-298-9_3

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DOI: 10.2991/978-94-6463-298-9_3

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