The Influence of Digital Inclusive Finance on Economic Development of Henan Province

Minghao Fang

《World Scientific Research Journal》 8卷7期 (2022/07) Pp. 842-848

https://doi.org/10.6911/WSRJ.202207_8(7).0111

摘要

Based on the panel data of 17 prefecture‐level cities in Henan Province from 2012 to 2019, this paper explores the impact of digital inclusive finance on the economic development of Henan Province. The results show that the depth and coverage of digital inclusive finance can promote the growth of henan province's real per capita GDP. From the perspective of fixed effect model, the extent of coverage has the most obvious promoting effect on the economy of Henan Province, but the digitalization degree of Henan Province has no significant promoting effect on the economic development of Henan Province, which may be because the development of digital economy in Henan Province is in the stage of ＂Solow paradox＂. Therefore, some suggestions are put forward: improve the digital infrastructure of Henan Province, improve the overall digital level of Henan province, especially strengthen the digital penetration rate in remote areas, and improve the level of opening‐up of Henan Province.

關鍵字

Digital Inclusive Finance ； Coverage Breadth ； Depth of Use ； The Economic Development

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