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Academic Journal of Humanities & Social Sciences, 2022, 5(17); doi: 10.25236/AJHSS.2022.051709.

On the Influential Factors of the Development of Digital Inclusive Finance in Anhui Province


Haoran Wang1, Caiyan Zhong1, Sirong Tang1, Mengyang Men1, Zejiong Zhou2

Corresponding Author:
Zejiong Zhou

1School of Finance, Anhui University of Finance and Economics, Bengbu, Anhui, 233030, China

2School of Economics, Anhui University of Finance and Economics, Bengbu, Anhui, 233030, China


Based on the panel data of all cities in Anhui Province, this paper studies the development level of digital inclusive finance in all cities. The research shows that the overall index of digital inclusive finance has a significant lag and a significant inverted U-shaped relationship with per capita GDP. The popularity of the Internet, the proportion of education expenditure and the proportion of government expenditure have a significant role in promoting digital inclusive finance. There is a significant positive correlation between per capita GDP, internet penetration, road density, loan to deposit ratio and coverage of digital inclusive finance, while there is a significant negative correlation between population density and coverage. Per capita GDP, internet penetration and government support have significantly promoted the depth of use of digital inclusive finance. Per capita GDP, government support and road density have significantly promoted the degree of digitalization.


Digital inclusive finance; System GMM; Economic development level; Regional differences; Influence factor

Cite This Paper

Haoran Wang, Caiyan Zhong, Sirong Tang, Mengyang Men, Zejiong Zhou. On the Influential Factors of the Development of Digital Inclusive Finance in Anhui Province. Academic Journal of Humanities & Social Sciences (2022) Vol. 5, Issue 17: 59-64. https://doi.org/10.25236/AJHSS.2022.051709.


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