Does digital financial inclusion promote common prosperity? The role of regional innovation

Tongtong Zhao and Fangyi Jiao
Additional contact information
Tongtong Zhao: Heilongjiang University
Fangyi Jiao: Heilongjiang University

Electronic Commerce Research, 2025, vol. 25, issue 5, No 3, 3476 pages

Abstract: Abstract This paper uses the panel data of 31 provinces in China from 2011 to 2021 to empirically test the relationship between digital inclusive finance (DINDEX), regional innovation, and common prosperity (CPP) by using the fixed effect model as well as the structural equation model. According to the findings of the study, digital inclusive finance has a considerable promoting influence on the attainment of the aim of common prosperity, with the breadth and depth of coverage of digital inclusive finance having a greater promoting effect on common prosperity. Based on the analysis of regional heterogeneity, digital inclusive finance has a favorable influence on boosting the common prosperity level of China's Eastern and Central provinces. Furthermore, digital inclusive finance has a higher driving influence on common prosperity in the Eastern provinces but has no effect in the Western provinces. The level of regional innovation has played a partial mediating role in the process of promoting common prosperity through digital inclusive finance. Therefore, it is necessary to focus on the integration and development of digital inclusive finance and regional innovation, to help the realization of common prosperity.

Keywords: Digital financial inclusion; Fixed effects model; Structural equation model; Regional innovation; Common prosperity (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10660-023-09797-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:elcore:v:25:y:2025:i:5:d:10.1007_s10660-023-09797-z

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10660

DOI: 10.1007/s10660-023-09797-z

Access Statistics for this article

Electronic Commerce Research is currently edited by James Westland

More articles in Electronic Commerce Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().