IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v32y2024i4p3195-3212.html
   My bibliography  Save this article

Does digital inclusive finance matter in sustainable tourism development at the county level? Evidence from the Wuling Mountain area in China

Author

Listed:
  • Menghan Wang
  • Ming Ming Su
  • Chang Gan
  • Xin Peng
  • Zhaoliang Wu
  • Mihai Voda

Abstract

As a new financial instrument under the strategy of digital economic development, digital inclusive finance has become an effective way to fill the market gap that exists in traditional finance. Inclusive financial resources are needed for tourism development and recovery in less‐developed regions, especially in the context of the COVID‐19 pandemic. Understanding the impact of DIF on tourism development is the key to promoting high‐quality economic growth in China. Although previous studies have explored the factors influencing tourism development, the effect of DIF on sustainable tourism development is still at its earlier stage and is not well researched. Therefore, this study aims to explore the direct impact of DIF on tourism development and examines whether there is threshold effect. Based on panel data from 63 counties in the Wuling Mountain Area, China, from 2014 to 2019, this research applied a series of panel regression models to explore whether the DIF can promote sustainable tourism development. The results indicate that the DIF plays a positive role in improving sustainable tourism development. Considering regions, types of counties, and different dimensions of the DIF, there are differences in positive effects of DIF on sustainable tourism development. The impact of DIF on tourism development is dynamic and non‐linear. Finally, practical implications for enhancing the promotion and development of DIF and achieving sustainable tourism development are discussed, particularly for less‐developed regions.

Suggested Citation

  • Menghan Wang & Ming Ming Su & Chang Gan & Xin Peng & Zhaoliang Wu & Mihai Voda, 2024. "Does digital inclusive finance matter in sustainable tourism development at the county level? Evidence from the Wuling Mountain area in China," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3195-3212, August.
    • Handle: RePEc:wly:sustdv:v:32:y:2024:i:4:p:3195-3212
    DOI: 10.1002/sd.2838
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sd.2838
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.2838?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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).
    2. Hammad Bin Azam Hashmi & Cosmina L. Voinea & Marjolein C. J. Caniëls & Ward Ooms & Kashif Abbass, 2023. "Do top management team diversity and chief sustainability officer make firms greener? Moderating role of top management team behavioral integration," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(4), pages 2536-2547, August.
    3. Hussain, Muhammad Noshab, 2023. "Evaluating the impact of air transportation, railway transportation, and trade openness on inbound and outbound tourism in BRI countries," Journal of Air Transport Management, Elsevier, vol. 106(C).
    4. Lee, Chien-Chiang & Wang, Fuhao, 2022. "How does digital inclusive finance affect carbon intensity?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 174-190.
    5. Yang, Bo & Ma, Fang & Deng, Weihua & Pi, Yang, 2022. "Digital inclusive finance and rural household subsistence consumption in China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 627-642.
    6. Hong Tang & Chaoyue Cai & Chunxiao Xu, 2022. "Does the Digital Economy Improve Urban Tourism Development? An Examination of the Chinese Case," Sustainability, MDPI, vol. 14(23), pages 1-23, November.
    7. Chang Gan & Kai Wang & Mihai Voda & Jun Ye & Lijun Chen, 2023. "Analysis on the impact of technological innovation on tourism development: The case of Yangtze River Delta Urban Agglomeration in China," Tourism Economics, , vol. 29(5), pages 1251-1271, August.
    8. Jinli Wang & Wanqing Lv, 2023. "Tourism poverty alleviation hotspots in China: Topic evolution and sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(3), pages 1902-1920, June.
    9. Hailiang, Zeng & Chau, Ka Yin & Waqas, Muhammad, 2023. "Does green finance and renewable energy promote tourism for sustainable development: Empirical evidence from China," Renewable Energy, Elsevier, vol. 207(C), pages 660-671.
    10. Liu, Anyu & Wu, Doris Chenguang, 2019. "Tourism productivity and economic growth," Annals of Tourism Research, Elsevier, vol. 76(C), pages 253-265.
    11. Ogechi Adeola & Olaniyi Evans, 2020. "ICT, infrastructure, and tourism development in Africa," Tourism Economics, , vol. 26(1), pages 97-114, February.
    12. Zhuo Huang & Yunqing Tao & Xin Luo & Yongwei Ye & Tianyi Lei, 2023. "Regional digital finance and corporate investment efficiency in China," Applied Economics, Taylor & Francis Journals, vol. 55(43), pages 5115-5134, September.
    13. Akhter, Selim & Daly, Kevin J., 2009. "Finance and poverty: Evidence from fixed effect vector decomposition," Emerging Markets Review, Elsevier, vol. 10(3), pages 191-206, September.
    14. Nassani, Abdelmohsen A. & Aldakhil, Abdullah Mohammed & Abro, Muhammad Moinuddin Qazi & Islam, Talat & Zaman, Khalid, 2019. "The impact of tourism and finance on women empowerment," Journal of Policy Modeling, Elsevier, vol. 41(2), pages 234-254.
    15. Sun, Yang & Tang, Xinwei, 2022. "The impact of digital inclusive finance on sustainable economic growth in China," Finance Research Letters, Elsevier, vol. 50(C).
    16. Huiqin Li & Yujie Hui & Jingyan Pan, 2022. "Evolution and Influencing Factors of Social-Ecological System Vulnerability in the Wuling Mountains Area," IJERPH, MDPI, vol. 19(18), pages 1-27, September.
    17. Kai-Cheng Liao & Ming-Yue Yue & Si-Wei Sun & Hong-Bo Xue & Wei Liu & Sang-Bing Tsai & Jiang-Tao Wang, 2018. "An Evaluation of Coupling Coordination between Tourism and Finance," Sustainability, MDPI, vol. 10(7), pages 1-23, July.
    18. Wang, Yong & Han, Linna & Ma, Xuejiao, 2022. "International tourism and economic vulnerability," Annals of Tourism Research, Elsevier, vol. 94(C).
    19. Magdalena Ziolo & Beata Zofia Filipiak & Iwona Bąk & Katarzyna Cheba & Diana Mihaela Tîrca & Isabel Novo-Corti, 2019. "Finance, Sustainability and Negative Externalities. An Overview of the European Context," Sustainability, MDPI, vol. 11(15), pages 1-35, August.
    20. Canh Phuc Nguyen & Su Dinh Thanh & Bach Nguyen, 2022. "Economic uncertainty and tourism consumption," Tourism Economics, , vol. 28(4), pages 920-941, June.
    21. Alam, Md. Samsul & Paramati, Sudharshan Reddy, 2017. "The dynamic role of tourism investment on tourism development and CO2 emissions," Annals of Tourism Research, Elsevier, vol. 66(C), pages 213-215.
    22. Jie Qiao & Mike Crang & Liangping Hong & Xiaofeng Li, 2021. "Exploring the Benefits of Small Catchments on Rural Spatial Governance in Wuling Mountain Area, China," Sustainability, MDPI, vol. 13(2), pages 1-19, January.
    23. Lu, Jing & Xiao, Qinglan & Wang, Taoxuan, 2023. "Does the digital economy generate a gender dividend for female employment? Evidence from China," Telecommunications Policy, Elsevier, vol. 47(6).
    24. Anu, & Singh, Amit Kumar & Raza, Syed Ali & Nakonieczny, Joanna & Shahzad, Umer, 2023. "Role of financial inclusion, green innovation, and energy efficiency for environmental performance? Evidence from developed and emerging economies in the lens of sustainable development," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 213-224.
    Full references (including those not matched with items on IDEAS)

    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.
    1. Lee, Chien-Chiang & Lou, Runchi & Wang, Fuhao, 2023. "Digital financial inclusion and poverty alleviation: Evidence from the sustainable development of China," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 418-434.
    2. 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.
    3. Ding, Guoxuan & Kang, Nier, 2024. "The impact of digital financial inclusion on China's regional disparities in the quality of economic development: Based on the relational data paradigm," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 629-651.
    4. Dongjing Chen & Xiaotong Guo, 2023. "Impact of the Digital Economy and Financial Development on Residents’ Consumption Upgrading: Evidence from Mainland China," Sustainability, MDPI, vol. 15(10), pages 1-25, May.
    5. Ao Yang & Mao Yang & Fuyong Zhang & Aza Azlina Md Kassim & Peixu Wang, 2024. "Has Digital Financial Inclusion Curbed Carbon Emissions Intensity? Considering Technological Innovation and Green Consumption in China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 19127-19156, December.
    6. 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.
    7. 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.
    8. Luo, Haohan & Wang, Haijun & Wu, Ying, 2024. "Digital financial inclusion and tourism development," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 207-219.
    9. Ren, Jianyu & Xu, Zhitao & Hu, Mingzhi, 2023. "Digital economy and settlement intention of migrants in urban China," Telecommunications Policy, Elsevier, vol. 47(10).
    10. Yu Deng & Wenxia Zhang, 2023. "Modified CPT-TODIM method for evaluating the development level of digital inclusive finance under probabilistic hesitant fuzzy environment," PLOS ONE, Public Library of Science, vol. 18(3), pages 1-22, March.
    11. Shen, Hongshan & Qin, Mengyao & Li, Tianyi & Zhang, Xuan & Zhao, Yang, 2024. "Digital finance and industrial structure upgrading: Evidence from Chinese counties," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    12. Pham Quang Huy & Vu Kien Phuc, 2025. "Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-32, December.
    13. Muhammad Zaheer Akhtar & Khalid Zaman & Muhammad Azhar Khan, 2024. "Tourism triumphs: unraveling the essence of Asia’s allure through governance, FDI, and natural bounties," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 14(2), pages 269-286, June.
    14. Emna Trabelsi & Thouraya Fhima, 2025. "Financial Inclusion and Environmental Sustainability in Emerging and Developing Countries: Do control of corruption and trade openness matter?," Journal of Economic Analysis, Anser Press, vol. 4(1), pages 124-149, March.
    15. 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).
    16. Yuanhe Yu & Junwei Li & Zijun Li, 2025. "The impact of an urban tourism boom on farmers' income in neighboring rural communities: Evidence from the Lijiang Ancient City, China," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 1714-1728, April.
    17. Wen, Huwei & Liu, Yupeng & Zhou, Fengxiu, 2024. "New-type infrastructure and urban economic resilience: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    18. Ai, Hongshan & Xiang, Lin & Tan, Xiaoqing & Yao, Haorui & Han, Li, 2024. "The effects of place-based information technology policy on digital finance development: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 521-544.
    19. Guo, Dong & Li, Lin & Pang, Guoguang, 2024. "How does digital inclusive finance affect county's common prosperity: Theoretical and empirical evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 340-358.
    20. 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).

    More about this item

    Statistics

    Access and download statistics

    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:wly:sustdv:v:32:y:2024:i:4:p:3195-3212. 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: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.