The role of digital financial inclusion in promoting common prosperity: Evidence from Inner Mongolia

Wuyunzhaola Borjigin, Sarula He and Huixian Xu

International Review of Financial Analysis, 2025, vol. 100, issue C

Abstract: Inner Mongolia is a multiethnic border region in China that faces challenges in achieving common social prosperity due to regional developmental imbalances and cultural differences. Digital financial inclusion, which leverages digital technology to break down regional barriers, offers a feasible method of addressing these issues, but little-to-no research has been produced in this area. Hence, this study uses digital financial inclusion index data from 12 cities, spanning 2013–2022, to construct a regional common prosperity index. Then, spatial econometric methods are applied to systematically analyze the impact of digital financial inclusion and its subdimensions on common prosperity. The findings indicate that a significant positive impact is provided, along with positive spatial spillover effects. Heterogeneity analysis reveals that the impact varies across dimensions and regions, which allows for strategy recommendations for strengthening cross-regional integration and sharing digital financial services. Thus, practical insights and policy recommendations are provided.

Keywords: Digital financial inclusion; Common prosperity; Spatial effect; Heterogeneity (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:100:y:2025:i:c:s1057521925000833

DOI: 10.1016/j.irfa.2025.103996

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