Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

The Impact of Financial Inclusion on Residents’ Investments in the Digital Economy

Authors
Niu Ziyao1, Huang Nuoxin2, *
1Department of Majoring in Economics, Northeastern University, Shenyang, Liaoning, China
2Department of Research Institute of Economics and Management, Southestern University of Finance and Economics, Chengdu, China
Corresponding Author
Huang Nuoxin
Available Online 15 December 2021.
DOI
https://doi.org/10.2991/assehr.k.211209.553How to use a DOI?
Keywords
Digital Inclusive Finance; Resident investment; Regional differences; Differences in the level of education
Abstract

In order to address the problems of low returns on residents’ savings, few investment channels and uneven distribution of financial resources, this paper constructs a Probit model to discuss the impact of digital financial inclusion on residents’ investment decisions; and a Tobit model to discuss the impact of the digital economy financial inclusion index on the amount of investment generated. The experiment results show that digital financial inclusion has a positive impact on residents’ investment and investment amount, and can promote residents’ investment and increase their investment amount. Influenced by regional characteristics and individual traits, the promotion effect of digital finance on investment is more significant in the eastern region and the group with high education levels. In view of this, this paper puts forward proposals to expand the coverage of financial services and improve the imbalance in the allocation of financial resources; introduce various financial products to enhance the quality of financial services; and popularize financial knowledge to benefit the disadvantaged groups at the grassroots level.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
https://doi.org/10.2991/assehr.k.211209.553How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Niu Ziyao
AU  - Huang Nuoxin
PY  - 2021
DA  - 2021/12/15
TI  - The Impact of Financial Inclusion on Residents’ Investments in the Digital Economy
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 3403
EP  - 3409
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.553
DO  - https://doi.org/10.2991/assehr.k.211209.553
ID  - Ziyao2021
ER  -