Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)

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How Does Digital Finance Affect the Development of China’s Technology Market? An Empirical Study Based on China’s Province-Level Data

Authors
Hanchang Liu1, *
1Capital University of Economics and Business, Fengtai District, 100070, Beijing, China
*Corresponding author. Email: LHC_Candy@163.com
Corresponding Author
Hanchang Liu
Available Online 10 August 2023.
DOI
10.2991/978-94-6463-198-2_126How to use a DOI?
Keywords
Digital finance; technology market; two-way fixed effects model; regional heterogeneity
Abstract

Digital finance (DIF) has advanced rapidly over recent years, and it is worth exploring whether it can benefit China’s technology market (TEM). Based on China’s provincial panel data from 2011 to 2020, this paper empirically studies the impact and regional heterogeneity of DIF on China’s TEM development by using a two-way fixed effects (TWFE) model. The results show that: (1) DIF has a significant positive impact on China’s TEM development; (2) The coverage breadth, use depth and digitization degree of DIF all have a significant positive impact on China’s TEM development, but the influence decreases in order; (3) The role of DIF in promoting the TEM in the underdeveloped regions of the central and western regions is significantly stronger than that in the eastern regions, and it is heterogeneous in different dimensions. The research conclusions of this paper will provide a reliable theoretical basis and policy implications for promoting the development of China’s TEM.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
10 August 2023
ISBN
10.2991/978-94-6463-198-2_126
ISSN
2589-4900
DOI
10.2991/978-94-6463-198-2_126How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Hanchang Liu
PY  - 2023
DA  - 2023/08/10
TI  - How Does Digital Finance Affect the Development of China’s Technology Market? An Empirical Study Based on China’s Province-Level Data
BT  - Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
PB  - Atlantis Press
SP  - 1213
EP  - 1228
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-198-2_126
DO  - 10.2991/978-94-6463-198-2_126
ID  - Liu2023
ER  -