Digital finance and upgrading of industrial structure: Prefecture-level evidence from China

Yuchen Shen and Xiaoping Ren

Finance Research Letters, 2023, vol. 55, issue PB

Abstract: Based on the panel data of 251 prefecture-level cities in China from 2011 to 2020, this paper discusses the impact of digital finance development on industrial structure upgrading and its spatial effects. The results show that the development of digital finance has played a significant role in promoting the upgrading of urban industrial structure, and the impact of digital finance on the upgrading of industrial structure is greater than the rationalization of industrial structure, innovation drive plays an important role in promoting the upgrading of urban industrial structure with the development of digital finance.

Keywords: Digital finance; Advanced industrial structure; Rationalization of industrial structure; Innovation-driven (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323003549
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pb:s1544612323003549

DOI: 10.1016/j.frl.2023.103982

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().