Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 27 , 10 November 2023
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Development Level and Growth Source of China’s Digital Inclusive Finance —— An Investigation Based on Contribution Decomposition Model
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Abstract
The outbreak of COVID-19 epidemic not only highlights the solid foundation of China's digital economy, but also counterforces and accelerates its further development, which provides a potential opportunity for China's economic transformation and upgrading in the next stage. This paper uses the contribution decomposition model, examines the development level and growth sources of China’s digital inclusive finance from three dimensions: the coverage, the using depth and the digitalization degree. The research shows that from 2011 to 2020, the overall level and each dimension indexes of digital inclusive finance development show a leap-forward development, but the problem of insufficient and imbalance of regional financial development is still quite obvious. The results of contribution decomposition show that, taking 2016 as the boundary, the growth source of digital inclusive finance index in the former stage lies in the coverage, and the latter stage mainly depends on the coverage and using depth of digital finance, while the emphasis on the digitalization degree of digital finance is relatively insufficient. Under the background of the complex situation and severe challenges in the post-epidemic era, efforts should be made in the top-level design and elements support, aiming at the regional and dimensional shortcomings, so as to make positive contributions to the high-quality development of China's economy.
Keywords
digital inclusive finance, growth source, contribution decomposition model
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-075-2
- ISBN (Online)
- 978-1-83558-076-9
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/27/20231223
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited