Digital inclusive finance and regional economic resilience: Evidence from China's 283 Cities over 2011-2021

Xiaoye Shang and Qiong Liu

Finance Research Letters, 2024, vol. 69, issue PA

Abstract: This paper uses the data from 283 prefecture-level cities in China from 2011 to 2021 to study the impact of digital inclusive finance on the resilience of the regional economy. The research results indicate that developing digital inclusive finance can significantly enhance regional economic resilience. The mechanism test results suggest that developing digital inclusive finance has improved regional economic resilience mainly by promoting regional innovation capacity and improving regional resource allocation efficiency. In addition, digital inclusive finance can significantly promote economic resilience in regions with higher economic and finance development levels. However, in regions with lower economic and financial development levels, it can significantly decrease regional economic resilience.

Keywords: Digital inclusive finance; Economic resilience; Innovation; Resource allocation efficiency (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324009838

DOI: 10.1016/j.frl.2024.105953

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