Work

Digital Financial Inclusion and Economic Growth: A Cross-country Study

Year: 2021

Type: conference-paper

Abstract: This paper constructs a digital financial inclusion evaluation system suitable for cross-country comparison. It uses the data of the World Bank and the International Monetary Fund to calculate the index of digital financial inclusion, and measure the level of digital financial inclusion in 105 countries. Then, we examine the relations between digital financial inclusion and economic growth by using spatial data and techniques for 86 neighboring countries. Our findings display that digital financial inclusion has a significantly positive effect on economic growth, and has spatial spillover effects on neighboring countries.

Source: Procedia Computer Science

DOI: 10.1016/j.procs.2021.04.054

Authors: Yan Shen, Wenxiu Hu, C. James Hueng

Institutions: Xi'an University of Technology, Western Michigan University

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure, Reduced inequalities

Open Access status: diamond

OpenAlex ID: W3170797293

FWCI: 70.25

Cites: 16

Cited by: 145

Related to: 10