Research Article
Impact of Digital Finance on Industrial Structure with Research and Development Intensity
@INPROCEEDINGS{10.4108/eai.7-7-2023.2338039, author={Ruitong Ou}, title={Impact of Digital Finance on Industrial Structure with Research and Development Intensity}, proceedings={Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7--9, 2023, Chongqing, China}, publisher={EAI}, proceedings_a={FFIT}, year={2023}, month={10}, keywords={digital finance; economy development industrial structure research and develop-ment}, doi={10.4108/eai.7-7-2023.2338039} }- Ruitong Ou
Year: 2023
Impact of Digital Finance on Industrial Structure with Research and Development Intensity
FFIT
EAI
DOI: 10.4108/eai.7-7-2023.2338039
Abstract
With rapid technological advancement, digital finance, facilitated by various digital technologies, has paved a novel trajectory for financial system reform and innovation, thereby playing a pivotal role in economic development. To comprehend the impact of digital finance on economic growth, this study evaluates the economic development and industrial composition of 30 Chinese regions. It constructs a regression model using the digital finance index as the independent variable. Empirical findings underscore the capacity of digital finance to propel high-quality development and emphasize the in-terrelation between the industry index and a moderating variable, namely Research and Development investment. Consequently, policymakers are urged to bolster digital in-frastructure, encourage innovative evolution of digital finance, and position digital finance as a critical enabler of optimizing high-quality development.