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The influence of digital inclusive finance on household wealth: A study based on CHFS data

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  • Wu, Fan
  • Cui, Fengxiang
  • Liu, Tao

Abstract

We examine the role of digital inclusive finance in promoting household wealth growth at the micro level using the survey data from the China Household Finance Survey and Research Center (CHFS) in 2017, 2019 & 2021. The study finds that: the digital inclusive finance is conducive to the promotion of household wealth growth. Digital inclusive finance can promote the accumulation of household wealth by improving the level of entrepreneurship and optimizing the efficiency of financial asset allocation; and the promotion of digital inclusive finance on household wealth growth strengthens with the increase in the amount of household wealth.

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  • Wu, Fan & Cui, Fengxiang & Liu, Tao, 2023. "The influence of digital inclusive finance on household wealth: A study based on CHFS data," Finance Research Letters, Elsevier, vol. 58(PC).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323008322
    DOI: 10.1016/j.frl.2023.104460
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    1. Guo, Dong & Li, Lin & Pang, Guoguang, 2024. "How does digital inclusive finance affect county's common prosperity: Theoretical and empirical evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 340-358.

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