How does digital inclusive finance affect common prosperity: Empirical evidence from China's underdeveloped and developed regions

doi:10.1016/j.cities.2024.105640

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	How does digital inclusive finance affect common prosperity: Empirical evidence from China's underdeveloped and developed regions
	Shi, Yarong; Du, Bei; Yang, Bo
	2025-03
在线发表日期	2024-12
发表期刊	CITIES
卷号	158
摘要	Using data from 279 prefecture-level cities in China from 2011 to 2022, this study divides cities into economically underdeveloped and developed regions to explore the impact and pathways of digital inclusive finance on common prosperity from a regional disparity perspective. Findings reveal that the positive effect of digital inclusive finance is stronger in developed regions; its marginal effects exhibit an inverted U shape in underdeveloped areas and a U shape in developed regions. Further analysis reveals that different sub-dimensions of digital inclusive finance also have varying impacts, wherein usage depth is the primary driver in underdeveloped regions and digitalization level is key in developed regions. Regional heterogeneity tests show that cities along the Yangtze River Economic Belt generally benefit, with resource-based cities gaining more in underdeveloped regions and non-resource-based cities showing better outcomes in developed regions. The mediating effect analysis reveals multiple pathways through which digital inclusive finance promotes common prosperity. In underdeveloped regions, entrepreneurial activity has a significant role, while improvements in energy utilization efficiency are crucial in developed regions. In addition to this, digital infrastructure and low-carbon technology act as positive moderators in underdeveloped and developed regions, respectively.
关键词	Digital inclusive finance Common prosperity Entrepreneurial activity Energy utilization efficiency Digital infrastructure Low-carbon technology
DOI	10.1016/j.cities.2024.105640
收录类别	SSCI
ISSN	0264-2751
语种	英语
WOS研究方向	Urban Studies
WOS类目	Urban Studies
WOS记录号	WOS:001385853200001
出版者	ELSEVIER SCI LTD
原始文献类型	Article
EISSN	1873-6084
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/38652
专题	金融学院
通讯作者	Du, Bei
作者单位	Lanzhou Univ Finance & Econ, Sch Finance, Lanzhou 730020, Gansu, Peoples R China
第一作者单位	兰州财经大学
通讯作者单位	兰州财经大学
推荐引用方式 GB/T 7714	Shi, Yarong,Du, Bei,Yang, Bo. How does digital inclusive finance affect common prosperity: Empirical evidence from China's underdeveloped and developed regions[J]. CITIES,2025,158.
APA	Shi, Yarong,Du, Bei,&Yang, Bo.(2025).How does digital inclusive finance affect common prosperity: Empirical evidence from China's underdeveloped and developed regions.CITIES,158.
MLA	Shi, Yarong,et al."How does digital inclusive finance affect common prosperity: Empirical evidence from China's underdeveloped and developed regions".CITIES 158(2025).