Impact of digital finance on the high-quality development with Chinese cultural industry

Haohan Jiang and Fang Zhao

Finance Research Letters, 2025, vol. 80, issue C

Abstract: Based on provincial panel data from China between 2011 and 2023, this study examines the impact of digital finance and its various dimensions on the high-quality development of China's cultural industry, as well as the underlying mechanisms. The findings suggest that digital finance contributes to the high-quality development of the cultural industry in China. In terms of specific dimensions, the breadth of coverage, depth of use, and degree of digitization of digital finance all exhibit positive effects. Moreover, the promoting effect of digital finance is found to strengthen with the increasing level of marketization.

Keywords: Cultural industry; Digital finance; High-quality development (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325005999

DOI: 10.1016/j.frl.2025.107336

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