| Title | How Smart City Construction Affects Digital Inclusive Finance in China: From the Perspective of the Relationship between Government and Large Private Capital |
|---|---|
| ID_Doc | 38398 |
| Authors | Lin, JL; Chen, XX; Yan, GQ |
| Title | How Smart City Construction Affects Digital Inclusive Finance in China: From the Perspective of the Relationship between Government and Large Private Capital |
| Year | 2023 |
| Published | Sustainability, 15, 11 |
| Abstract | In China, the relationship between smart city policy (SCP) and the development of digital inclusive finance (DIF) partially mirrors the connection between the Chinese government and large private capital. This study examines this relationship using data from the Peking University Digital Financial Inclusion Index of China (PKU-DFIIC) and a difference-in-differences method. Results indicate that SCP may indirectly promote DIF in pilot cities, exhibiting statistically significant growth compared to non-SCP pilot cities. This promotion effect appears indirect, as negligible DIF digitization growth in SCP pilot cities suggests that the government's objective is not to enhance large private capital-related digital infrastructure construction. Moreover, DIF in SCP pilot cities demonstrates a statistically significant increase only in the depth of use, not in coverage. This study implies that, in China, large private capital's behavioral logic is profit-seeking, and SCP may be employed to facilitate digital financial services development. These findings uncover SCP's complex impact on DIF in China and the strained government-capital relationship. The Chinese government should prudently manage its relationship with capital in public policies and direct capital toward a more constructive role. |
| https://www.mdpi.com/2071-1050/15/11/9035/pdf?version=1685946336 |
Similar Articles
| ID | Score | Article |
|---|---|---|
30160
|
Wang, M; Song, WH; Qi, X Digital inclusive finance, government intervention, and urban green technology innovation(2023) | |
| 32458
|
Yu, Y; Zhang, Q; Song, F Non-Linear Impacts and Spatial Spillover of Digital Finance on Green Total Factor Productivity: An Empirical Study of Smart Cities in China(2023)Sustainability, 15, 12 | |
| 35075
|
Sun, HY; Luo, YP; Liu, J; Lin, Z; Bhuiyan, MA Does the Digital Finance Promote Technological Innovation? Evidence From Chinese Cities(2024) | |
| 62446
|
Xie, CY; Ye, LL; Zhong, N; Wan, WJ Impact of digital finance on corporate green innovation: Exploring role of land resource misallocation in China(2024) | |
| 62038
|
Rao, WY; Liu, PF Can Digital Innovation Improve Green Total Factor Productivity: Evidence from Digital Patents of China(2024)Sustainability, 16, 10 | |
| 30491
|
Lin, BQ; Ma, RY How does digital finance influence green technology innovation in China? Evidence from the financing constraints perspective(2022) | |
| 62342
|
Song, CC; Qiu, ZY; Yang, LQQ How does digital financial inclusion affect green economic development? A perspective from regional competitions(2023)Elementa-Science Of The Anthropocene, 11, 1 | |
| 30495
|
Chen, FL; Zhang, L; Wu, HJ; Dong, ZF Evaluation of the coupling coordination degree between digital inclusive finance and green technology innovation in China(2023) | |
| 32361
|
Sun, JS; Liu, T; Zhao, RZ Effect of digital finance on inclusive green growth: Evidence from China's urban agglomerations(2024) | |
| 30364
|
Wu, K; Wang, XX Studying financial aspect of green credit and regional heterogeneity on technology innovation in China(2023)Environmental Science And Pollution Research, 30, 41 |