Research on the Impact of Digital Finance Development on Regional Innovation Level— Empirical Analysis based on Panel Data From 31 Provinces in China

DOI

10.2991/978-94-6463-042-8_12How to use a DOI?

Keywords

Digital finance; regional innovation; human capital; financial supervision; R &D intensity

Abstract

Based on the panel data of 31 provinces in China from 2011 to 2020, this paper studies the development status and characteristics of digital finance in China by using descriptive statistics and analysis of variance; And use the regression model to test and analyze the relationship between digital finance and the level of regional technological innovation. Empirical research shows that the overall development trend of digital finance in China is good. Digital finance and its decomposition index (coverage, use depth and digitization degree) have an incentive effect on the level of regional innovation, but their positive incentive effects are different; In terms of transmission path, the development of digital finance is affected by both internal and external factors, and the influencing factors are more extensive. The research of this paper is not only conducive to the relevant government decision-making departments to better improve the scientific and technological innovation system and mechanism, improve the efficiency of financial services, and formulate more efficient financial supervision schemes in the initial stage of the 14th five year plan, but also has a certain enlightening effect on enterprises to make good use of digital finance as a tool to realize technological take-off, transformation and breakthrough, integrate various resources and promote growth.

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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TY  - CONF
AU  - Junyan Zhang
AU  - Yuxi Liao
AU  - Yuanyuan Zhang
PY  - 2022
DA  - 2022/12/29
TI  - Research on the Impact of Digital Finance Development on Regional Innovation Level— Empirical Analysis based on Panel Data From 31 Provinces in China
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 68
EP  - 73
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_12
DO  - 10.2991/978-94-6463-042-8_12
ID  - Zhang2022
ER  -