| Issue |
SHS Web Conf.
Volume 151, 2022
3rd International Symposium on Economics, Management, and Sustainable Development (EMSD 2022)
|
|
|---|---|---|
| Article Number | 01030 | |
| Number of page(s) | 7 | |
| DOI | https://doi.org/10.1051/shsconf/202215101030 | |
| Published online | 16 December 2022 | |
Study on the Impact of Digital Finance on the Upgrading of China’s Industrial Structure
School of Business, Anhui University, He Fei, China.
Digital finance has become an important development strategy in China and plays an irreplaceable role in the upgrading of China’s industrial structure. This paper uses panel data from 30 provinces in China from 2011 to 2020 to study the impact of digital finance on industrial structure. The study finds that the impact of digital finance on industrial structure shows a U-shaped relationship. The development of digital finance will promote the transformation and upgrading of industrial structure when it reaches a certain stage. The results of the sub-dimension show that the coverage breadth and depth of use of digital finance also have a U-shaped relationship with the industrial structure. The impact of digital finance on industrial structure has regional heterogeneity. Finally, the impact of digital finance on different industries also varies.
Key words: Digital finance / industrial structure upgrading / fixed effects
© The Authors, published by EDP Sciences, 2022
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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