Digital financial inclusion and welfare: Effect, mechanism and imbalance.

ABSTRACT: This study utilizes provincial panel data from China spanning from 2013 to 2019 and considers indices such as residents' income, employment, housing, education, and medical care to comprehensively measure the welfare index of each province using the coefficient of variation. It also examines the impact and mechanism of digital financial inclusion on welfare and evaluates its influence on welfare imbalance through panel data models and RIF regression. The estimation results of digital financial inclusion on welfare indicate that digital financial inclusion is an important driver elevating the income, employment, housing, education, medical treatment and other welfares of Chinese residents, and the conclusion remains robust after using instrumental variable estimation and replacing the measu

SUBMITTER: Li Y 

PROVIDER: S-EPMC10712890 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature