The Spatial Effects of Digital Finance: Implications for Economic Growth, Regional Development, and Financial Inclusion
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Peterson K. Ozili, 2023.
"Digital finance research and developments around the world: a literature review,"
International Journal of Business Forecasting and Marketing Intelligence, Inderscience Enterprises Ltd, vol. 8(1), pages 35-51.
- Ozili, Peterson K., 2023. "Digital finance research and developments around the World: a literature review," MPRA Paper 115780, University Library of Munich, Germany.
- Guohui Hu & Zezhong Li, 2024. "Research on Spatial Spillover Effect of Digital Financial Inclusion on Common Prosperity," Advances in Economics, Business and Management Research, in: Radulescu Magdalena & Bootheina Majoul & Satya Narayan Singh & Abdul Rauf (ed.), Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024), pages 657-663, Springer.
- Tarsem Lal, 2021. "Impact of financial inclusion on economic development of marginalized communities through the mediation of social and economic empowerment," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 48(12), pages 1768-1793, August.
- Pei Zhao & Junhua Guo & Yang Wang, 2023. "How Does the Digital Economy Affect Green Development?—Evidence from 284 Cities in China," Sustainability, MDPI, vol. 15(15), pages 1-24, July.
- Fanlong Zeng & Huaping Sun, 2024. "Spatial Network Analysis of Coupling Coordination between Digital Financial Inclusion and Common Prosperity in the Yangtze River Delta Urban Agglomeration," Mathematics, MDPI, vol. 12(9), pages 1-25, April.
- Du, Yanan & Wang, Qingxi & Zhou, Jianping, 2023. "How does digital inclusive finance affect economic resilience: Evidence from 285 cities in China," International Review of Financial Analysis, Elsevier, vol. 88(C).
- Katona, Zsolt & Painter, Marcus O. & Patatoukas, Panos N. & Zeng, Jean, 2025. "On the Capital Market Consequences of Big Data: Evidence from Outer Space," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 60(2), pages 551-579, March.
- Xiaojie Liu & Jiannan Zhu & Jianfeng Guo & Changnan Cui & Huajiao Li, 2021. "Spatial Association and Explanation of China’s Digital Financial Inclusion Development Based on the Network Analysis Method," Complexity, Hindawi, vol. 2021, pages 1-13, May.
- Tom M. Logan & Seth D. Guikema, 2020. "Reframing Resilience: Equitable Access to Essential Services," Risk Analysis, John Wiley & Sons, vol. 40(8), pages 1538-1553, August.
- Banna, Hasanul & Kabir Hassan, M. & Rashid, Mamunur, 2021. "Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
- Budi Setiawan & Dien Triana & Ummu Salma Azizah & Andi Sri Wahyuni & Vijay Victor & Robert Jeyakumar Nathan & Maria Fekete-Farkas, 2025. "Financial technology (Fintech) innovation and financial inclusion: comparative study of urban and rural consumers post-Covid-19 pandemic," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-28, December.
- Hui, Peng & Zhao, Hui & Liu, Desheng & Li, Ye, 2023. "How does digital finance affect regional innovation capacity? A spatial econometric analysis," Economic Modelling, Elsevier, vol. 122(C).
- Zhang, Xinyi & Wang, Tianqi & Chen, Yufan, 2024. "Does digital finance contribute to regional economic growth? Evidence from RCEP countries," Finance Research Letters, Elsevier, vol. 62(PB).
- Luc Anselin, 2001. "Spatial Effects in Econometric Practice in Environmental and Resource Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 705-710.
- Mohd Afjal, 2023. "Bridging the financial divide: a bibliometric analysis on the role of digital financial services within FinTech in enhancing financial inclusion and economic development," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-27, December.
- Cem Ertur & Wilfried Koch, 2007.
"Growth, technological interdependence and spatial externalities: theory and evidence,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(6), pages 1033-1062.
- Cem Ertur & Wilfried Koch, 2005. "Growth, Technological Interdependence and Spatial Externalities - Theory and Evidence," ERSA conference papers ersa05p651, European Regional Science Association.
- Cem Ertur & Wilfried Koch, 2007. "Growth, technological interdependence and spatial externalities : theory and evidence," Post-Print halshs-00203005, HAL.
- Cem Ertur & W. Koch, 2007. "Growth, Technological Interdependance and Spatial Externalities: Theory and Evidence," Post-Print halshs-00232616, HAL.
- ERTUR, Cem & KOCH, Wilfried, 2005. "Growth, Technological Interdependence and Spatial Externalities: Theory and Evidence," LEG - Document de travail - Economie 2005-03, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
- Maria Demertzis & Silvia Merler & Guntram B Wolff, 2018.
"Capital Markets Union and the Fintech Opportunity,"
Journal of Financial Regulation, Oxford University Press, vol. 4(1), pages 157-165.
- Maria Demertzis & Silvia Merler & Guntram B. Wolff, 2017. "Capital Markets Union and the fintech opportunity," Bruegel Policy Contributions 21961, Bruegel.
- Maria Demertzis & Silvia Merler & Guntram Wolff, 2018. "Capital Markets Union and the Fintech Opportunity," ULB Institutional Repository 2013/386947, ULB -- Universite Libre de Bruxelles.
- Cheng Chen & Min Fan & Yaojun Fan, 2024. "The role of digital inclusive finance in green innovation," PLOS ONE, Public Library of Science, vol. 19(12), pages 1-19, December.
- Yuan Mo & Jing Mu & Hui Wang, 2024. "Impact and Mechanism of Digital Inclusive Finance on the Urban–Rural Income Gap of China from a Spatial Econometric Perspective," Sustainability, MDPI, vol. 16(7), pages 1-17, March.
- Nai Chiek Aik & Qiurui Zhang, 2023. "Use of Theil for a Specific Duality Economy: Assessing the Impact of Digital Inclusive Finance on Urban-Rural Income Gap in Chongqing," FinTech, MDPI, vol. 2(4), pages 1-12, September.
- Bigman, David & Fofack, Hippolyte, 2000. "Geographical Targeting for Poverty Alleviation: An Introduction to the Special Issue," The World Bank Economic Review, World Bank, vol. 14(1), pages 129-145, January.
- Hanhua Shao & Jixin Cheng & Yuansheng Wang & Xiaoming Li, 2022. "Can Digital Finance Promote Comprehensive Carbon Emission Performance? Evidence from Chinese Cities," IJERPH, MDPI, vol. 19(16), pages 1-18, August.
- Morshadul Hasan & Thi Le & Ariful Hoque, 2021. "How does financial literacy impact on inclusive finance?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-23, December.
- Ibrahim Bozkurt & Rıfat Karakuş & Melek Yildiz, 2018. "Spatial Determinants of Financial Inclusion over Time," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(8), pages 1474-1504, November.
- Deepesh Ranabhat & Narinder Verma & Devesh Kumar & Hotniar Siringoringo, 2022. "The adoption of digital financial inclusion in developing countries: a systematic literature review," International Journal of Electronic Finance, Inderscience Enterprises Ltd, vol. 11(2), pages 117-142.
- Yong Bao & Raymond J. G. M. Florax & Julie Le Gallo, 2014. "Contributions to Spatial Econometrics," International Regional Science Review, , vol. 37(3), pages 247-250, July.
- Domenica Panzera & Paolo Postiglione, 2020. "Measuring the Spatial Dimension of Regional Inequality: An Approach Based on the Gini Correlation Measure," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(2), pages 379-394, April.
- Luc Anselin & Raymond J. G. M. Florax & Sergio J. Rey, 2004. "Econometrics for Spatial Models: Recent Advances," Advances in Spatial Science, in: Luc Anselin & Raymond J. G. M. Florax & Sergio J. Rey (ed.), Advances in Spatial Econometrics, chapter 1, pages 1-25, Springer.
- Purva Khera & Stephanie Ng & Sumiko Ogawa & Ratna Sahay, 2022. "Measuring Digital Financial Inclusion in Emerging Market and Developing Economies: A New Index," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(2), pages 213-230, July.
- Fang Xu & Xiaoru Zhang & Di Zhou, 2024. "Does digital financial inclusion reduce the risk of returning to poverty? Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 2927-2949, July.
- Kangyu Ren & Yuan Wang & Lulu Liu, 2023. "Impact of Traditional and Digital Financial Inclusion on Enterprise Innovation: Evidence from China," SAGE Open, , vol. 13(1), pages 21582440221, January.
- Dao Ha & Phuong Le & Duc Khuong Nguyen, 2025. "Financial inclusion and fintech: a state-of-the-art systematic literature review," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-42, December.
- Luc Anselin, 2010. "Thirty years of spatial econometrics," Papers in Regional Science, Wiley Blackwell, vol. 89(1), pages 3-25, March.
- Zhao, Yang & Goodell, John W. & Dong, Qingli & Wang, Yong & Abedin, Mohammad Zoynul, 2022. "Overcoming spatial stratification of fintech inclusion: Inferences from across Chinese provinces to guide policy makers," International Review of Financial Analysis, Elsevier, vol. 84(C).
- Abdelaziz Hakimi & Rim Boussaada & Majdi Karmani, 2022. "Are financial inclusion and bank stability friends or enemies? Evidence from MENA banks," Applied Economics, Taylor & Francis Journals, vol. 54(21), pages 2473-2489, May.
- Pang, Si Lu & Liu, Hui & Hua, Gui Hong, 2024. "How does digital finance drive the green economic growth? New discoveries of spatial threshold effect and attenuation possibility boundary," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 561-581.
- Guoxiang Li & Rong Zhang & Suling Feng & Yuqing Wang, 2022. "Digital finance and sustainable development: Evidence from environmental inequality in China," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3574-3594, November.
- Xiang Deng & Meng Guo & Yuyan Liu, 2023. "Digital economy development and the urban-rural income gap: Evidence from Chinese cities," PLOS ONE, Public Library of Science, vol. 18(2), pages 1-25, February.
- Arbia, Giuseppe, 2016. "Spatial Econometrics: A Broad View," Foundations and Trends(R) in Econometrics, now publishers, vol. 8(3-4), pages 145-265, November.
- Anna Bogedain & Rüdiger Hamm, 2020. "Strengthening local economy – an example of higher education institutions’ engagement in “co-creation for sustainability”," REGION, European Regional Science Association, vol. 7, pages 9-27.
- Godfred Anakpo & Zizipho Xhate & Syden Mishi, 2023. "The Policies, Practices, and Challenges of Digital Financial Inclusion for Sustainable Development: The Case of the Developing Economy," FinTech, MDPI, vol. 2(2), pages 1-17, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Koranteng, Barbara & You, Kefei, 2025. "Does P2P lending promote the traditional bank-based financial inclusion? Spatial evidence from 34 developing economies," Research in International Business and Finance, Elsevier, vol. 77(PB).
- Liu, Yibo & Dong, Caisheng, 2025. "Digital finance, social welfare investment, and urban–rural income inequality: Moderating role of regional economics and regional disparities," Finance Research Letters, Elsevier, vol. 77(C).
- Angxiu, Cairang & Shu, Chengli & Jin, Zhendong, 2025. "How digital finance promotes industrial diversification: the role of road freight as a moderator," Finance Research Letters, Elsevier, vol. 86(PA).
- Xiang, Dong & Tian, Tingting & Yu, Jiangli, 2025. "Can digitalization of inclusive finance promote innovation of small and medium-sized enterprises? A quasi-natural experiment approach," Technological Forecasting and Social Change, Elsevier, vol. 221(C).
- Hasan, Morshadul & Hoque, Ariful & Abedin, Mohammad Zoynul & Gasbarro, Dominic, 2024. "FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing," International Review of Financial Analysis, Elsevier, vol. 95(PC).
- Liu, Xinran & Si, Deng-Kui, 2025. "Does digital inclusive finance promote innovation? Evidence from China," Economic Modelling, Elsevier, vol. 152(C).
- Verma, Rahul & Chatterjee, Devlina, 2025. "Relative impact of digital and traditional financial inclusion on financial resilience: Evidence from 13 emerging countries," Journal of Economics and Business, Elsevier, vol. 133(C).
- Li, Shuang & Xie, Nan, 2025. "The impact of digital finance on firms' digital Transformation: Mechanism analysis based on enterprise financing," International Review of Economics & Finance, Elsevier, vol. 101(C).
- Yajian Ni, 2026. "The influence of digital economy on rural per capita disposable income: evidence from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(4), pages 8995-9016, April.
- Decai Tang & Ziqian Zhao & Jiannan Li & Valentina Boamah, 2024. "Research on coupling coordination degree of digital finance and economic resilience in the Yangtze River Economic Belt," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 120(15), pages 14279-14309, December.
- Sanglim Yoo & John E. Wagner, 2016. "A review of the hedonic literatures in environmental amenities from open space: a traditional econometric vs. spatial econometric model," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 20(1), pages 141-166, March.
- Fang, Xia & Zhang, Yun & Lv, Shuqing & Tan, Longxin, 2025. "Does digital finance spatial correlation drive income convergence?," Economic Modelling, Elsevier, vol. 153(C).
- Panagiotis Artelaris, 2021. "Regional economic growth and inequality in Greece," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(1), pages 141-158, February.
- Yue, Sishi & Yang, Mo & Dong, Dayong, 2024. "Do enterprises adopting digital finance exhibit higher values? Based on textual analysis," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).
- Yun, Seong Do & Gramig, Benjamin M & Delgado, Michael S. & Florax, Raymond J.G.M., 2015. "Does Spatial Correlation Matter in Econometric Models of Crop Yield Response and Weather?," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205465, Agricultural and Applied Economics Association.
- Sun, Yaoxin, 2025. "A study of the impact of digital finance on the economic development of Latin American countries," International Review of Financial Analysis, Elsevier, vol. 107(C).
- Zhao, Yang & Goodell, John W. & Wang, Yong & Abedin, Mohammad Zoynul, 2023. "Fintech, macroprudential policies and bank risk: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 87(C).
- Hao, Yunping & Zhang, Bing, 2024. "The impact of digital financial usage on resident’s income inequality in China: An empirical analysis based on CHFS data," Journal of Asian Economics, Elsevier, vol. 91(C).
- Avani Raval & Rajesh Desai, 2024. "Reviews and directions of FinTech research: bibliometric–content analysis approach," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(3), pages 1115-1134, September.
- Ziqian Zhao & Decai Tang & Jiannan Li, 2025. "Driving role of digital finance on economic resilience: threshold effects of industrial structure upgrading and social security," Economic Change and Restructuring, Springer, vol. 58(6), pages 1-43, December.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erh:journl:v:17:y:2025:i:2:p:52-78. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Admin (email available below). General contact details of provider: https://edirc.repec.org/data/eratrtr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/erh/journl/v17y2025i2p52-78.html