Impact of digital economy on upgrading of industrial structure: From the financial development perspective

Lu Zhao, Tianqi Zhu, Junya Chen and Lijuan Zhao

Finance Research Letters, 2025, vol. 81, issue C

Abstract: This study quantitatively explores the relationships among the digital economy (DE), financial development, and industrial structure upgrading (ISU). Findings suggest that (1) the DE positively affects ISU; (2) financial development has a significantly positive spillover effect on ISU; and (3) under financial development regulation, the DE and ISU have an “inverted U-shaped” nonlinear relationship. Based on the findings, this study presents policy recommendations such as implementing differentiated policies, maximizing the spatial spillover effect of financial development, and focusing on the rational allocation of DE and finance.

Keywords: Industrial structure upgrading; Financial development; Digital economy (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612325007627
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:81:y:2025:i:c:s1544612325007627

DOI: 10.1016/j.frl.2025.107503

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 ().