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

被引:7
|
作者
Yang, Tongbin [1 ]
Zhou, Bo [2 ]
机构
[1] Jiangsu Univ, Sch Management, Zhenjiang 212013, Peoples R China
[2] Nanjing Univ Finance & Econ, Sch Finance, Nanjing 210023, Peoples R China
基金
中国国家自然科学基金;
关键词
FinTech; North-south economic disparity; Industrial gradient structure; Industrial ownership structure; STATE-OWNED ENTERPRISES; EFFICIENCY EVIDENCE; INVESTMENT; INEQUALITY; GOVERNMENT; ACCESS; GROWTH;
D O I
10.1016/j.irfa.2024.103119
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
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.
引用
收藏
页数:10
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