Digital Financial Inclusion and Multidimensional Poverty-Evidence from China

Lu Zhang; Yuer Zhu; Lanshu Wei

Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8–10, 2023, Guangzhou, China

Research Article

Digital Financial Inclusion and Multidimensional Poverty-Evidence from China

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@INPROCEEDINGS{10.4108/eai.8-12-2023.2344736,
    author={Lu  Zhang and Yuer  Zhu and Lanshu  Wei},
    title={Digital Financial Inclusion and Multidimensional Poverty-Evidence from China},
    proceedings={Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8--10, 2023, Guangzhou, China},
    publisher={EAI},
    proceedings_a={MSIEID},
    year={2024},
    month={4},
    keywords={digital financial inclusion; multidimensional poverty; income distribution; principal component analysis;},
    doi={10.4108/eai.8-12-2023.2344736}
}

Lu Zhang
Yuer Zhu
Lanshu Wei
Year: 2024
Digital Financial Inclusion and Multidimensional Poverty-Evidence from China
MSIEID
EAI
DOI: 10.4108/eai.8-12-2023.2344736

Lu Zhang¹, Yuer Zhu¹^,*, Lanshu Wei²

1: Qilu University of Technology(Shandong Academy of Sciences)
2: Tianjin University of Commerce

*Contact email: 1603691151@qq.com

Abstract

There are high hopes for the power of digital financial inclusion. However, there is restricted evidence on the relation between digital financial inclusion and poverty. Based on panel data for 31 provinces in China from 2013 to 2020, this paper attempts to uncover the affect of digital financial inclusion on multidimensional poverty. The multidimensional Poverty Index is measured by principal component analysis. The results of the study indicate that digital financial inclusion alleviates multidimensional poverty by equalizing income distribution. In addition, digital financial inclusion has a more significant effect on multidimensional poverty in the western region than in the eastern and central regions.

Keywords: digital financial inclusion; multidimensional poverty; income distribution; principal component analysis;

Published: 2024-04-18
Publisher: EAI

: http://dx.doi.org/10.4108/eai.8-12-2023.2344736