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The impact of digital inclusive finance on sustainable economic growth in China

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  • Sun, Yang
  • Tang, Xinwei

Abstract

In this paper, we empirically analyze the impact of digital inclusive finance on sustainable economic growth in China. We find that digital inclusive finance contributes to sustainable economic growth. Further research shows that digital inclusive finance contributes to sustainable economic growth by increasing loans from financial institutions, residents’ savings quantity, and residents’ consumption quantity. At the same time, we find that the breadth of digital inclusive finance coverage is most effective in promoting sustainable economic growth at this stage.

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  • Sun, Yang & Tang, Xinwei, 2022. "The impact of digital inclusive finance on sustainable economic growth in China," Finance Research Letters, Elsevier, vol. 50(C).
    • Handle: RePEc:eee:finlet:v:50:y:2022:i:c:s1544612322004342
    DOI: 10.1016/j.frl.2022.103234
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    Cited by:

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    2. Zhi Su & Ruijie Cao, 2023. "Impact of Digital Inclusive Finance on Urban Carbon Emission Intensity: From the Perspective of Green and Low-Carbon Travel and Clean Energy," Sustainability, MDPI, vol. 15(16), pages 1-16, August.
    3. Siqi Huang & Nik Hadiyan Nik Azman, 2023. "Enhancing Food Security through Digital Inclusive Finance: Evidence from Agricultural Enterprises in China," IJERPH, MDPI, vol. 20(4), pages 1-20, February.
    4. Ya Wu & Yin Liu & Minglong Zhang, 2023. "How Does Digital Finance Affect Energy Efficiency?—Characteristics, Mechanisms, and Spatial Effects," Sustainability, MDPI, vol. 15(9), pages 1-24, April.
    5. Guo, Xiaoxin & Zhong, Shihu, 2023. "Unintended consequences: How does digital inclusive finance affect migrants' urban settlement intentions?," International Review of Financial Analysis, Elsevier, vol. 89(C).
    6. Mingzhao Xiong & Wenqi Li & Chenjie Jenny & Peixu Wang, 2023. "Financial Inclusion through Digitalization: Improving Emerging Drivers of Industrial Pollution—Evidence from China," Sustainability, MDPI, vol. 15(13), pages 1-17, June.
    7. Yanru Li & Guanglin Sun & Qiang Gao & Changming Cheng, 2023. "Digital Financial Inclusion, Financial Efficiency and Green Innovation," Sustainability, MDPI, vol. 15(3), pages 1-13, January.
    8. Pengju Liu & Yitong Zhang & Shengqi Zhou, 2023. "Has Digital Financial Inclusion Narrowed the Urban–Rural Income Gap? A Study of the Spatial Influence Mechanism Based on Data from China," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    9. Lu, Ling & Liu, Peng & Yu, Jian & Shi, Xunpeng, 2023. "Digital inclusive finance and energy transition towards carbon neutrality: Evidence from Chinese firms," Energy Economics, Elsevier, vol. 127(PB).
    10. Wen, Huwei & Chen, Wenjing & Zhou, Fengxiu, 2023. "Does digital service trade boost technological innovation?: International evidence," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).
    11. Ma, Kelin, 2023. "Digital inclusive finance and corporate green technology innovation," Finance Research Letters, Elsevier, vol. 55(PB).
    12. Hui Feng & Yirong Li & Renyan Mu & Lei Wu, 2023. "The Impact of Investment Efficiency in the Digital Economy on Urban Waste Reduction: Evidence from China," Sustainability, MDPI, vol. 15(24), pages 1-15, December.
    13. Desheng Yu & Lihua Yang & Yuping Xu, 2022. "The Impact of the Digital Economy on High-Quality Development: An Analysis Based on the National Big Data Comprehensive Test Area," Sustainability, MDPI, vol. 14(21), pages 1-20, November.
    14. Wang, Xiong & Yang, Wanping & Ren, Xiaohang & Lu, Zudi, 2023. "Can financial inclusion affect energy poverty in China? Evidence from a spatial econometric analysis," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 255-269.
    15. Zhiying Ji & Tingyu Zhou & Qian Zhang, 2023. "The Impact of Digital Transformation on Corporate Sustainability: Evidence from Listed Companies in China," Sustainability, MDPI, vol. 15(3), pages 1-19, January.
    16. Guo, Xiaohong & Tu, Yongqian, 2023. "How digital finance affects carbon intensity–The moderating role of financial supervision," Finance Research Letters, Elsevier, vol. 55(PA).
    17. Shutong Zhang & Jun Nagayasu, 2023. "Regional Policies’ Impacts on Urban Migration:Evidence from Special Economic Zones in China," TUPD Discussion Papers 45, Graduate School of Economics and Management, Tohoku University.
    18. Wei Yu & Huiqin Huang & Keying Zhu, 2023. "Enhancing Construction Enterprise Financial Performance through Digital Inclusive Finance: An Insight into Supply Chain Finance," Sustainability, MDPI, vol. 15(13), pages 1-16, June.
    19. Qiong Shen & Rui Wu & Yuxi Pan & Yanchao Feng, 2024. "Explaining and modeling the impacts of inclusive finance on CO2 emissions in China integrated the intermediary role of energy poverty," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-19, December.
    20. Yang, Yang & Chen, Wanying & Yu, Zhuangxiong, 2023. "Local government debt and corporate digital transformation: Evidence from China," Finance Research Letters, Elsevier, vol. 57(C).
    21. Yi Yang & Shuhe Shi & Jingjing Wu, 2022. "Digital Financial Inclusion to Corporation Value: The Mediating Effect of Ambidextrous Innovation," Sustainability, MDPI, vol. 14(24), pages 1-23, December.
    22. Qianqian Li & Qilin Liu, 2023. "Impact of Digital Financial Inclusion on Residents’ Income and Income Structure," Sustainability, MDPI, vol. 15(3), pages 1-20, January.
    23. Haiyang Qiu & Xin Li & Long Zhang, 2023. "Influential Effect and Mechanism of Digital Finance on Urban Land Use Efficiency in China," Sustainability, MDPI, vol. 15(20), pages 1-21, October.

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    More about this item

    Keywords

    Digital inclusive finance; Sustainable economic; Green innovation; Green consumption; Resource;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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