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Does FinTech Promote Entrepreneurship? Evidence from China

L’adoption des Fintech favorise-t-elle l’entreprenariat ? Le cas de la Chine

Alraqeb Zeynep, Knaack Peter and Macaire Camille

Working papers from Banque de France

Abstract: The rise of financial technology (FinTech) in China over the past decade has changed the traditional financial landscape in the country. We provide evidence on the role of digital financial services in promoting self-employment. We construct an indicator of relative FinTech adoption at the provincial-level in China. We show that the digitalization of financial services at an aggregated level is associated with a higher share of self-employed individuals in the total population. In rural areas, coverage breadth of digitalized financial services drives the positive impact on the share of self-employment, while in urban areas, digitalized insurance services appear to be more influential. We also show that the shift to self-employment is not at the expense of employment in private firms in the country.

L'essor des technologies financières (FinTech) en Chine au cours de la dernière décennie a modifié le paysage financier traditionnel du pays. Nous étudions la relation entre l’adoption de ces services et la part de l’entreprenariat dans la population totale. Nous construisons un indicateur de l'adoption relative des FinTech au niveau provincial dans le pays, et montrons que la numérisation des services financiers est associée à une part plus élevée d’autoentrepreneurs dans la population totale. Dans les zones rurales, l'étendue de la couverture des services financiers numérisés est à l'origine de cet impact positif, tandis que dans les zones urbaines, les services d'assurance numérisés semblent avoir plus d'influence. Nous montrons également que le passage à l'emploi indépendant ne se fait pas au détriment de l'emploi au sein des entreprises privées dans le pays.

Keywords: Fintech; Financial Inclusion; Digitalization; China; Entrepreneurship; Fintech; inclusion financière; digitalisation; Chine; entreprenariat (search for similar items in EconPapers)
JEL-codes: G23 J21 O33 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2022
New Economics Papers: this item is included in nep-ban, nep-cna, nep-ent, nep-fdg, nep-fle, nep-fmk, nep-lma and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:895

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