000034054 001__ 34054
000034054 041__ $$aEnglish
000034054 100__ $$aZhou, G.
000034054 245__ $$aInclusive Finance, Human Capital and Regional Economic Growth in China
000034054 260__ $$c2018
000034054 300__ $$a1194-1194
000034054 520__ $$a© 2018 by the authors. 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.
000034054 700__ $$aGong, K.
000034054 700__ $$aLuo, S.
000034054 700__ $$aXu, G.
000034054 773__ $$pSustainability
000034054 773__ $$v10 (4)
000034054 773__ $$a10.3390/su10041194
000034054 8564_ $$uhttp://www.mdpi.com/2071-1050/10/4/1194$$yExternal link (open access)
000034054 980__ $$aARTICLE