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Research on the Impact of Digital Inclusive Finance on People’s Well-Being

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LISS 2022 (LISS 2022)

Part of the book series: Lecture Notes in Operations Research ((LNOR))

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Abstract

Enhancing people’s happiness and narrowing the inter-city differences in people’s happy living standards have become one of the important ways to achieve common prosperity in China. The development of digital inclusive finance has also increasingly become an important means to serve the national strategy and improve the production and life of the masses, and is of great significance to enhance people’s happy living standards and promote common prosperity. Based on this, this paper constructs a people’s happiness living level index using sample data from 290 prefecture-level cities, conducts research and analysis on the impact of digital inclusive finance on people’s happiness living, and then conducts a cluster analysis study on the differentiated development of residents’ happiness living in each region of China. The results show that digital inclusive finance has an obvious positive impact on people’s happiness, but at the same time there is obvious regional heterogeneity, and the development of digital inclusive finance in economically developed cities has a more obvious impact on the happiness of residents. This paper broadens the economic effects of current research on digital inclusive finance to include the impact on people’s happiness in the research field. It provides a theoretical reference for the government to formulate policies and evaluate the implementation effects of policies as well as for financial institutions to improve the relevant systems and enhance their services, which is conducive to enhancing people’s happiness living standards and achieving common prosperity in all regions.

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Acknowledgements

① National Development and Reform Commission project “Research on the Development Strategy and Competitiveness of my country’s Coal-to-Liquid and Coal-to-Gas Industrialization in the New Era” (2020-1141); ② Hebei Province Social Science Fund Project “Research on the Impact of China’s Economic Policy Uncertainty on Commercial Banks’ Interest Rate Derivative Hedging” (HB21YJ030); ③ Hebei Province Higher Education Scientific Research Program Project “Research on the Economic Mechanism and Countermeasures of Inclusive Finance Supporting Innovation and Entrepreneurship in Xiongan New Area” (SQ2021122); ④ Hebei University of Economics and Business Scientific Research and Development Program “Research on the Mechanism and Policy of Green Finance Supporting Industrial Low-Carbon Development in Xiongan New Area” (2021YB10).

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Authors and Affiliations

  1. Hebei University of Economics and Business, University of Science and Technology Beijing, Shijiazhuang, China

    Qi Wu, Jiaqi Feng & Shouheng Sun

Authors
  1. Qi Wu
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  2. Jiaqi Feng
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  3. Shouheng Sun
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Corresponding author

Correspondence to Qi Wu .

Editor information

Editors and Affiliations

  1. School of Economics and Management, Beijing Jiaotong University, Beijing, China

    Xiaopu Shang

  2. Department of Industrial and Systems Engineering, Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong

    Xiaowen Fu

  3. School of Software Engineering, Beijing Jiaotong University, Beijing, China

    Yixuan Ma

  4. School of Economics and Management, Beijing Jiaotong University, Beijing, China

    Daqing Gong

  5. School of Economics and Management, Beijing Jiaotong University, Beijing, China

    Juliang Zhang

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Wu, Q., Feng, J., Sun, S. (2023). Research on the Impact of Digital Inclusive Finance on People’s Well-Being. In: Shang, X., Fu, X., Ma, Y., Gong, D., Zhang, J. (eds) LISS 2022. LISS 2022. Lecture Notes in Operations Research. Springer, Singapore. https://doi.org/10.1007/978-981-99-2625-1_16

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