Do the Infrastructures Influence Residents’ Credit Activities? Evidence From China in County Level

We investigate the empirical relationship between infrastructure and residents’ credit activities using Chinese county level data. We find that residents in counties with better infrastructure trend to participant in financial activities more. Furthermore, we find that this kind of positive relationship is more significant in counties of higher urbanization rate and counties closer to center cities. These results suggest that promoting infrastructure contributes to people participant in financial activities. And our results are robust to altemative measure of infrastructure and financial activities and subsample models.