The Development of Digital Inclusive Finance and Industrial Structure Upgrading: Empirical Evidence from 283 Cities

TANG Wen-jin; LI Shuang; TAO Yun-qing

Volume 34 Issue 6

May 2021

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2019 > 34(6): 35-49

TANG Wen-jin, LI Shuang, TAO Yun-qing. The Development of Digital Inclusive Finance and Industrial Structure Upgrading: Empirical Evidence from 283 Cities[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(6): 35-49.

Citation:

TANG Wen-jin, LI Shuang, TAO Yun-qing. The Development of Digital Inclusive Finance and Industrial Structure Upgrading: Empirical Evidence from 283 Cities[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(6): 35-49.

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The Development of Digital Inclusive Finance and Industrial Structure Upgrading: Empirical Evidence from 283 Cities

School of Finance, Zhongnan University of Economics and Law, Wuhan 430073, China

Received Date: 2019-09-27
Available Online: 2021-05-27
Publish Date: 2021-05-27

Abstract

Abstract

It is of positive significance in the development of digital inclusive finance for the upgrading of industrial structure. This paper theoretically analyzes the nonlinear relationship between the development of digital inclusive finance and industrial structure upgrading. Based on the panel data of 283 cities from 2011 to 2015, the panel threshold model and other regression methods are used to comprehensively and empirically analyze the relationship between the development of digital inclusive finance and industrial structure upgrading. The results show that there is a non-linear relationship between the development of digital inclusive finance and industrial structure upgrading; there is a bottleneck in the development of digital inclusive finance, featured with a threshold effect; the coverage breadth of digital inclusive finance has a long-term and significant positive effect on industrial structure upgrading; there is a nonlinear relationship between the depth and digitization level of digital inclusive finance and industrial structure upgrading; the non-linear effects of digital inclusive financial development on the industrial structure upgrading in different regions are heterogeneous, the positive effect becoming bigger from the east to the west. This finding provides an empirical support for the government and financial institutions to strengthen the construction of digital financial infrastructure, especially pay attention to upgrading digitization through increasing the supply of inclusive financial services in less developed areas, and prevent the excessive development of digital inclusive finance from bringing negative external effects to the upgrading of industrial structure.
- digitization,
- inclusive finance,
- digital inclusive finance,
- industrial structure,
- industrial structure upgrading,
- financial development,
- nonlinear effect

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References(24)

References

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