Local FinTech development, industrial structure, and north-south economic disparity in China

Tongbin Yang and Bo Zhou

International Review of Financial Analysis, 2024, vol. 93, issue C

Abstract: The widening economic disparity between the northern and southern regions has constrained China's overall and further economic development. We investigate whether FinTech can mitigate the north-south economic disparity in China. Through regressing a panel dataset encompassing 285 Chinese cities from 2008 to 2021, the results confirm the effectiveness of local FinTech development. The enhancement of local FinTech development by 1% will result in a reduction of north-south economic disparity by 0.13%. The mechanism test reveals that local FinTech development contributes to the advancement of industrial gradient structure and fosters enhancements in industrial ownership structure, thereby narrowing the north-south economic disparity. Note that industrial structure can achieve more positive impacts if the local FinTech development crosses a certain threshold.

Keywords: FinTech; North-south economic disparity; Industrial gradient structure; Industrial ownership structure (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:93:y:2024:i:c:s1057521924000516

DOI: 10.1016/j.irfa.2024.103119

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