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The Impact of Fintech on Poverty Reduction: Evidence from China

by 1,2 and 1,*
1
School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 611731, China
2
Center for West African Studies, University of Electronic Science and Technology of China, Chengdu 611731, China
*
Author to whom correspondence should be addressed.
Academic Editor: Kyong Joo Oh
Sustainability 2021, 13(9), 5225; https://doi.org/10.3390/su13095225
Received: 29 March 2021 / Revised: 23 April 2021 / Accepted: 28 April 2021 / Published: 7 May 2021
(This article belongs to the Section Economic and Business Aspects of Sustainability)
Ending poverty in all its forms by 2030 remains the first agenda of Sustainable Development Goals set by the United Nations in 2015. Motivated by this agenda, this study examined the direct and indirect effect of financial technology (fintech) and its sub-measures of third-party payment and credit on poverty measured by household per capita consumption. We used a panel of 31 provinces in China from 2011 to 2017. The results indicated that fintech and these sub-measures reduce poverty in China. The results further showed that fintech complements economic growth and financial development to reduce poverty in China. View Full-Text
Keywords: fintech; poverty; China fintech; poverty; China
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MDPI and ACS Style

Appiah-Otoo, I.; Song, N. The Impact of Fintech on Poverty Reduction: Evidence from China. Sustainability 2021, 13, 5225. https://doi.org/10.3390/su13095225

AMA Style

Appiah-Otoo I, Song N. The Impact of Fintech on Poverty Reduction: Evidence from China. Sustainability. 2021; 13(9):5225. https://doi.org/10.3390/su13095225

Chicago/Turabian Style

Appiah-Otoo, Isaac, and Na Song. 2021. "The Impact of Fintech on Poverty Reduction: Evidence from China" Sustainability 13, no. 9: 5225. https://doi.org/10.3390/su13095225

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