The paper Empirical analysis of Chinese Household Finance Survey Data by Professor Yongbin Lv, Deputy Director of the Base,and his collaborators was recently published in Research Of Finance And Education, Vol. 35, No. 1.

Abstract:

The deep integration of digital technology and inclusive finance has a profound impact on family economic behavior and provides an opportunity to solve the problem of excessive debt of rural households. By matching the 2019 China Household Finance Survey data (CHFS) and 2018 Peking University Digital Inclusion Finance Index, an objective and subjective index of rural household excessive debt was constructed to investigate the impact of digital inclusion finance on rural household excessive debt. It is found that the development of digital inclusive finance significantly reduces the probability of excessive debt of rural households, and this inhibitory effect is heterogeneous, which is mainly achieved through the mechanism channels of narrowing the digital divide and alleviating information asymmetry, especially for rural households in central and western regions, non-poor counties and those with informal credit demand and risk-averse attitude. This shows that digital finance shows its unique advantages of inclusiveness and inclusiveness. These findings are robust after changing the measures of the key variables and dealing with the endogeneity problem. Based on the above research, it is proposed that strengthening the construction of digital infrastructure, bridging the digital divide, promoting the inclusive development of digital finance, and enabling rural households to control and benefit from their debt situation will play an important role in improving farmers' lives and realizing rural revitalization.

Key Words: digital finance; Inclusive finance; Rural households; Excessive indebtedness; Digital divide;

Link: https://jrxb.jxnu.edu.cn//oa/darticle.aspx?type=view&id=202201002

Teacher Profile

Yongbin Lv , PhD in Management, Postdoctoral fellow of Chinese Academy of Financial Sciences, member of the 15th batch of "Doctoral Service Group", Vice President, Professor, master supervisor of School of Finance, Zhongnan University of Economics and Law, Deputy Director of Hubei Collaborative Innovation Center for Industrial Upgrading and Regional Finance. Executive Director of Fintech Special Committee of China Society of Technical Economics, 50 Youth Committee member of Fintech Education and Research in China, thesis review expert of Degree Center of Ministry of Education, Project review expert of Hubei Federation of Social Sciences, reviewer of International Financial Research and other authoritative journals. Research interests: inclusive finance, fintech. He has presided over 2 national projects and 3 provincial and ministerial projects, published more than 70 academic papers and 2 academic monographs, and obtained 4 provincial and ministerial leaders' instructions. He was honored as the second Scientific Research Star of Zhongnan University of Economics and Law.