Digital financial inclusion and welfare: Effect, mechanism and imbalance
YanLong Li, Jin Peng · 2023
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Description
YanLong Li and Jin Peng measured how digital financial inclusion, access to finance through phones and platforms, changed welfare across Chinese provinces from 2013 to 2019. They built a welfare index from income, jobs, housing, education, and medical care. Digital inclusion raised welfare on every component, and the finding survived statistical cross-checks. The gains were larger in the central and western provinces than in the richer east.
Tracing the mechanism, the authors found digital finance improved welfare mainly by creating jobs, and secondarily by raising public welfare spending. One channel cut regional imbalance while another widened it: the job effect favored the interior, the spending effect favored the east. On balance, digital inclusion narrowed the welfare gap between regions and within the interior. The study maps where phone-based finance does the most social good, and warns that its side channels do not all push toward equality.
Catalog record
| CREATOR | YanLong Li, Jin Peng |
|---|---|
| YEAR | 2023 |
| COLLECTION | PAPERS |
| FORMAT | TXT |
| FILE SIZE | 67 KB |
| VERSION | 1.0 |
| LICENSE | CC BY 4.0 |
| RIGHTS | CC BY |
| SOURCE | Europe PMC |