Inclusive Finance, Human Capital and Regional Economic Growth in China

doi:10.3390/su10041194

CORC > 上海财经大学 > 上海财经大学

	Inclusive Finance, Human Capital and Regional Economic Growth in China
	Zhou, Guangyou 1; Gong, Kuangxiong 1,2; Luo, Sumei 3; Xu, Guohu 4
刊名	SUSTAINABILITY
	2018-04
卷号	10 期号:4
关键词	inclusive finance human capital regional economic growth panel data model
ISSN号	2071-1050
DOI	10.3390/su10041194
英文摘要	Inclusive finance is an important financial development strategy in the world. The promoting effect of the human capital on economic growth has also gained theoretical and empirical support. This paper attempts to deeply examine the interaction among inclusive finance, human capital and regional economic growth as well as their mutual influence mechanism. To the end, data of 31 provinces and cities from 2005 to 2015 were chosen to build a corresponding panel data template. Meanwhile, the fixed effect model was adopted for an empirical test. Results suggest the following. (1) Inclusive finance and human capital can exert a significantly positive promoting effect on regional economic growth. The influence of inclusive finance on regional economic growth is more obvious, while the nonlinear influence of human capital is more significant; (2) Inclusive finance is observed to have a significantly negative influence on economic growth of China's central region (mainly referring to eight provinces, including Shanxi). The positive promoting effect of inclusive finance on economic growth of China's west region (mainly referring to 12 provinces and cities, including Chongqing) is found to be the most significant. Differently, human capital exerts the most significantly promoting effect on China's central region. The economic development level differs in different regions of China. As an increasing number of talent resources gather in the central and western region of China and the financial system is built in the two regions, resource optimization has become a necessity, which is the linchpin to China's sustainable economic development.
WOS研究方向	Science & Technology - Other Topics ; Environmental Sciences & Ecology
语种	英语
出版者	MDPI
WOS记录号	WOS:000435188000298
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/644]
专题	上海财经大学
通讯作者	Xu, Guohu
作者单位	1.Fudan Univ, Sch Econ, Shanghai 200433, Peoples R China; 2.Agr Bank China, Chongqing Dajiang Subbranch, Chongqing 401320, Peoples R China; 3.Shanghai Univ Finance & Econ, Sch Finance, Shanghai 200433, Peoples R China; 4.Zhongnan Univ Econ & Law, Sch Business Adm, Wuhan 430073, Hubei, Peoples R China
推荐引用方式 GB/T 7714	Zhou, Guangyou,Gong, Kuangxiong,Luo, Sumei,et al. Inclusive Finance, Human Capital and Regional Economic Growth in China[J]. SUSTAINABILITY,2018,10(4).
APA	Zhou, Guangyou,Gong, Kuangxiong,Luo, Sumei,&Xu, Guohu.(2018).Inclusive Finance, Human Capital and Regional Economic Growth in China.SUSTAINABILITY,10(4).
MLA	Zhou, Guangyou,et al."Inclusive Finance, Human Capital and Regional Economic Growth in China".SUSTAINABILITY 10.4(2018).