Research Article
Research on the Impact of Digital Finance on the Improvement of Regional Innovation Capabilities ——An Empirical Test Based on the Yangtze River Delta Urban Agglomeration
@INPROCEEDINGS{10.4108/eai.17-6-2022.2322688, author={Dongbao Liu and Lei Guang and Xiuli Li}, title={Research on the Impact of Digital Finance on the Improvement of Regional Innovation Capabilities ------An Empirical Test Based on the Yangtze River Delta Urban Agglomeration}, proceedings={Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2022, Qingdao, China}, publisher={EAI}, proceedings_a={ICIDC}, year={2022}, month={10}, keywords={digital finance; innovation ability; financial constraint; regional economies}, doi={10.4108/eai.17-6-2022.2322688} }- Dongbao Liu
Lei Guang
Xiuli Li
Year: 2022
Research on the Impact of Digital Finance on the Improvement of Regional Innovation Capabilities ——An Empirical Test Based on the Yangtze River Delta Urban Agglomeration
ICIDC
EAI
DOI: 10.4108/eai.17-6-2022.2322688
Abstract
This paper takes the urban agglomeration composed of 26 cities in the Yangtze River Delta as an example, discusses the impact of digital finance on the improvement of regional innovation ability empirically through dynamic panel regression measurement analysis. The results show that digital finance can significantly promote the improvement of regional innovation ability, and the promotion role of each sub dimension of digital finance is heterogeneous, in which the promotion role of coverage is the largest, the promotion role of use depth is the second, and the role of financial digitization is the smallest. Further using GMM method, it is found that in the impact mechanism of digital finance on regional innovation ability, regional credit resource allocation, urban infrastructure construction and residents' consumption level all play a significant intermediary role, and the intermediary effects of the three decrease in turn.
