Research Article
Impact of Digital Finance on Industrial Structure with the Moderating Effect of Technological Innovation
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327642, author={Yue Zhang}, title={Impact of Digital Finance on Industrial Structure with the Moderating Effect of Technological Innovation}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={digital finance; technological innovation; industrial structure}, doi={10.4108/eai.9-12-2022.2327642} }- Yue Zhang
Year: 2023
Impact of Digital Finance on Industrial Structure with the Moderating Effect of Technological Innovation
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327642
Abstract
The development of digital finance can contribute to the optimization of the regional industrial structure. This paper considers the impact of digital finance on regional industrial structure with the moderating effect of technological innovation. Digital finance and technological innovation are important tools to optimize the regional industrial structure. I evaluate the industrial structures of 30 provinces (excluding Tibet) in China from 2011 to 2020, and set up a regression model by combining the digital finance index of Peking University. Following empirical results, digital finance has the ability to increase investment in R&D and foreign direct investment to promote the optimization of the regional industrial structure. Therefore, the government should focus on improving the coverage and availability of digital financial services, and guiding it to become an important support for optimizing the industrial structures.
