How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities
It is crucial to explore the impact of digital financial inclusion on tourism for national economic development. This paper utilizes panel data from 256 prefecture-level cities in China between 2011 and 2019 to examine the influence of digital financial inclusion on tourism. The findings demonstrate...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-09-01
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| Series: | Journal of Theoretical and Applied Electronic Commerce Research |
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| Online Access: | https://www.mdpi.com/0718-1876/18/3/82 |
| _version_ | 1797579218469519360 |
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| author | Chi Zhang Yayu Liu Zhengning Pu |
| author_facet | Chi Zhang Yayu Liu Zhengning Pu |
| author_sort | Chi Zhang |
| collection | DOAJ |
| description | It is crucial to explore the impact of digital financial inclusion on tourism for national economic development. This paper utilizes panel data from 256 prefecture-level cities in China between 2011 and 2019 to examine the influence of digital financial inclusion on tourism. The findings demonstrate that digital financial inclusion significantly contributes to the development of the tourism industry. Notably, its coverage breadth, depth of use, and level of digitalization also have positive effects. Mechanism analysis reveals that digital financial inclusion facilitates the growth of tourism by supporting the development of tourism enterprises and enhancing consumer spending. Heterogeneity analysis further reveals regional and urban disparities in the promotion of digital financial inclusion, with the effect being more pronounced in the eastern region and larger cities. In comparison to existing studies, this paper delves into the mechanisms through which digital financial inclusion impacts tourism, as well as investigates regional and city size discrepancies. Consequently, governments should strive to foster the development of digital financial inclusion to attract market players and promote the advancement of residents’ consumption, thereby bolstering tourism development. |
| first_indexed | 2024-03-10T22:33:50Z |
| format | Article |
| id | doaj.art-3541b6131c4545c9ba5ab3ea46b7b609 |
| institution | Directory Open Access Journal |
| issn | 0718-1876 |
| language | English |
| last_indexed | 2024-03-10T22:33:50Z |
| publishDate | 2023-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Journal of Theoretical and Applied Electronic Commerce Research |
| spelling | doaj.art-3541b6131c4545c9ba5ab3ea46b7b6092023-11-19T11:32:23ZengMDPI AGJournal of Theoretical and Applied Electronic Commerce Research0718-18762023-09-011831619163610.3390/jtaer18030082How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese CitiesChi Zhang0Yayu Liu1Zhengning Pu2School of Economics, Nanjing University of Posts and Telecommunications, Nanjing 210023, ChinaSchool of Economics & Management, Southeast University, Nanjing 211189, ChinaSchool of Economics & Management, Southeast University, Nanjing 211189, ChinaIt is crucial to explore the impact of digital financial inclusion on tourism for national economic development. This paper utilizes panel data from 256 prefecture-level cities in China between 2011 and 2019 to examine the influence of digital financial inclusion on tourism. The findings demonstrate that digital financial inclusion significantly contributes to the development of the tourism industry. Notably, its coverage breadth, depth of use, and level of digitalization also have positive effects. Mechanism analysis reveals that digital financial inclusion facilitates the growth of tourism by supporting the development of tourism enterprises and enhancing consumer spending. Heterogeneity analysis further reveals regional and urban disparities in the promotion of digital financial inclusion, with the effect being more pronounced in the eastern region and larger cities. In comparison to existing studies, this paper delves into the mechanisms through which digital financial inclusion impacts tourism, as well as investigates regional and city size discrepancies. Consequently, governments should strive to foster the development of digital financial inclusion to attract market players and promote the advancement of residents’ consumption, thereby bolstering tourism development.https://www.mdpi.com/0718-1876/18/3/82digital financial inclusiontourismtourism enterprisesconsumption upgrading |
| spellingShingle | Chi Zhang Yayu Liu Zhengning Pu How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities Journal of Theoretical and Applied Electronic Commerce Research digital financial inclusion tourism tourism enterprises consumption upgrading |
| title | How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities |
| title_full | How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities |
| title_fullStr | How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities |
| title_full_unstemmed | How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities |
| title_short | How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities |
| title_sort | how digital financial inclusion boosts tourism evidence from chinese cities |
| topic | digital financial inclusion tourism tourism enterprises consumption upgrading |
| url | https://www.mdpi.com/0718-1876/18/3/82 |
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