Original scientific paper
https://doi.org/10.1080/1331677X.2021.2007414
How and what kind of cities benefit from the development of digital inclusive finance? Evidence from the upgrading of export in Chinese cities
Yu Pan
Li Ma
Yanzhen Wang
Abstract
Employing Chinese customs data and the Peking University
Digital Financial Inclusion Index of China, this paper studies the
impact of China’s digital finance development on the upgrading
of export at the city level and further explores the heterogeneity
across cities and the mechanisms through which digital finance
influences export upgrading. Benchmark results suggest that
digital inclusive finance can significantly promote the upgrading
of export. The heterogeneity analysis shows that cities with a
smaller size, lower wage, higher human capital level, and better
location advantage experience greater facilitating effects of digital
inclusive finance on promoting export upgrading. It suggests that,
compared with ‘icing on the cake’, the digital inclusive finance
plays a better role in ‘offering fuel in snowy weather’, whereas
full exertion of the inclusiveness of digital finance requires higher
human capital and location advantage. Further mechanism analysis shows that innovation effect and market effect are the main
channels where digital inclusive finance promotes the upgrading
of a city’s export.
Keywords
Digital inclusive finance; export upgrading; city heterogeneity; innovation effect; market effect
Hrčak ID:
302686
URI
Publication date:
31.3.2023.
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