Shan Tong1, Guihao Zhuang2
1School of Economics, South-Central University for Nationalities, Wuhan, Hubei, 430000, China
2School of Economics and Management, South China Normal University, Guangzhou, Guangdong, 510006, China
Inclusive finance is an important direction in the "14th Five-Year Plan" period and the realization of the 2035 long-term goal. It is also one of the important keynotes for the transformation and development of China's financial industry. However, while inclusive finance plays an important role in economic growth, it also contributes to the economic development of different regions. The effects produced are different. Solving the differences is an important step for countries to achieve common prosperity. Use the financial inclusion index and the per capita GDP index related to economic growth and the number of private enterprises and individual employees related to the implementation of financial inclusion as explanatory variables. Apply the least squares method to the gross product (GDP) of each region Perform regression analysis. It is concluded that the economic growth effects of inclusive finance on the eastern, central, and western regions are different through the joint significance level of the difference description, and it can be reduced by improving infrastructure construction, formulating development plans according to local conditions, and activating the investment vitality of small and medium investors difference.
Inclusive Finance, Regional Differences in Inclusive Finance, Economic Development, Inclusive Finance Index
Shan Tong, Guihao Zhuang. Regional Differences and Research on Economic Development Effects of Inclusive Finance. Academic Journal of Business & Management (2021) Vol. 3, Issue 7: 62-67. https://doi.org/10.25236/AJBM.2021.030711.
 Hanning A, Jansen S. Finacial Inclusion and Financial Stablity: Current Policy Issues [J]. SSRN Electronic Journal, 2010, (12): 71.
 M.Andriaivo, K. Kpodar. Mobile Phones, Financial Inclusion, and Growth [J]. Review of Economics& Institutions, 2012, 3(2).
 Claessens, S., and Feijen, E. Finance and Hunger: Empirical Evidence ofthe Agricultural Productivity Channel [J]. Policy Research Working Paper, 2016, (48): 1-48.
 Yang Junqi. Research on the Development Path of my country's Rural Inclusive Finance Based on Japanese Experience [J].Agricultural Economics, 2021(07): 103-105.
 Chen Lin.U.S. Small Business Administration's method of supporting small and micro enterprises and its enlightenment [J].Gansu Finance, 2021(05): 50-52.
 Ma Yufei, Du Chaoyun. Construction of Inclusive Finance Index and International Investigation [J]. Investigation in International Economics and Trade, 2016, 32(01): 105-1
 Du Li, Pan Xiaojian. Inclusive Finance, Balanced Financial Services and Regional Economic Development——A Research Based on China’s Provincial Panel Data Model [J]. Journal of Social Sciences of Jilin University, 2017, 57(05): 37-44+203.
 Niu Yubin. An Empirical Study on Poverty Alleviation by the Development of China's Digital Financial Inclusion [D]. Shandong University, 2018.
 Zheng Yaoqun, Zhang Xiaoli. An Empirical Study on the Poverty Reduction Effect of Inclusive Finance in China [J/OL]. Journal of Southwest Jiaotong University (Social Science Edition), 2021(04): 150-159 [2021-07-28].
 Lu Fengzhi, Huang Yongxing, Xu Peng.Provincial Differences and Influencing Factors of Inclusive Finance in China [J]. Journal of Financial Economics, 2017, 32(01): 111-120.
 Li Youfeng. Analysis of Regional Differences in the Development of Inclusive Finance in China [J]. Science & Technology Economic Guide, 2019, 27(26): 199-200.
 Priyadarshee, A., F. Hossain, and T. Arun, 2010. Financial lnclusion and Social Protection: A Case for India Post. Journal of Competition and Change, Vol. 14, No3:324-342
 Leola Clapper, Dorothy Singh, Sarnia Ansal, Xie Huajun. The Supervision Perspective of Inclusive Finance Differences [J]. Financial Market Research, 2021(04): 104-105.
 Zhang Biqiong, Wu Wanting.Digital Inclusive Finance, Entrepreneurship, and Income Distribution: An Empirical Study Based on the Perspective of China’s Urban-rural Differences [J]. Financial Review, 2021, 13(02): 31-44+124.
 Zheng Yaoqun, Zhang Xiaoli. An Empirical Study on the Poverty Reduction Effect of Inclusive Finance in China [J/OL]. Journal of Southwest Jiaotong University (Social Science Edition), 2021(04): 150-159[2021-07-28].