Digital Financial Inclusion and Provincial Economic Growth in China: Evidence from a Two-Way Fixed-Effects Panel, 2011–2023
This paper asks whether the rapid expansion of digital payment platforms such as Alipay and WeChat Pay is linked to provincial economic growth in China, and if so, through what channel. It builds a panel of all 31 provincial-level regions from 2011 to 2023 (n = 403), combining the Peking University Digital Financial In...