Data Element Market Construction and the Development of Inclusive Finance in County Areas
The development of county-level inclusive finance helps comprehensively promote rural revitalization and urban-rural integration development,and it is of practical significance to analyze the impact of data element market construction on the development of county-level inclusive finance.This paper uses the panel data from 1428 county-level units in China from 2014 to 2021.The entropy method is used to construct a comprehensive county-level inclusive finance development index,and a multi-phase difference-in-difference model is used to evaluate the impact of data element market construction represented by data trading platforms on the development of county-level inclusive finance.The study found that the data element market construction significantly promotes the development of county-level inclusive finance during the inspection period,and this conclusion was still supported by a series of robustness tests.The heterogeneity analysis found that the promotion effect of data element market construction is more evident in counties with higher degree of marketization,rule of law and financial technology development.In view of this,promoting the development of county-level inclusive finance should increase efforts to cultivate data element markets,especially strengthening the construction of data trading platforms to unleash the potential of pilot policies.At the same time,regional environmental differences should be considered,and policies should be tailored to local conditions.
data element marketdata trading platforminclusive financemulti-phase difference-in-difference
万方数据
维普
