Digital financial inclusion for economic growth

Kuian Chen
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Kuian Chen: Shandong University (Weihai)

A chapter in Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), 2023, pp 94-109 from Springer

Abstract: Abstract The digital and inclusive advantages of digital inclusive finance, an emerging business, have contributed to high-quality economic growth, and energy transition has led a vital role in this process, but few articles have examined the association among digital financial inclusion, energy transition and the development of economy. This research utilizes panel statistics of 30 provinces in China from 2011 to 2019, and adopts panel regression methods to build regression models to analyze the role of digital inclusive finance on economic growth and the moderating role played by energy transition in it. The study illustrates that digital inclusive finance has significantly enhanced economy by promoting innovation and entrepreneurship and narrowing the income gap, while energy transition strengthens the salutary effect of digital inclusive finance on the growth of economy. Based on this, it is recommended that the government should harness the strength of digital inclusive finance in driving economic growth, and use digital inclusive finance to actively enhance the financing of energy transition, and leverage the financial credit by “digital dividend”, so as to promote the high-quality economic growth.

Keywords: digital inclusive finance; economic growth; energy transition; high-quality growth (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_10

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DOI: 10.2991/978-94-6463-298-9_10

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