Shan, S.; Liu, C. Research on the Impact of Financial Deepening on Digital Economy Development: An Empirical Analysis from China. Sustainability2023, 15, 11358.
Shan, S.; Liu, C. Research on the Impact of Financial Deepening on Digital Economy Development: An Empirical Analysis from China. Sustainability 2023, 15, 11358.
Shan, S.; Liu, C. Research on the Impact of Financial Deepening on Digital Economy Development: An Empirical Analysis from China. Sustainability2023, 15, 11358.
Shan, S.; Liu, C. Research on the Impact of Financial Deepening on Digital Economy Development: An Empirical Analysis from China. Sustainability 2023, 15, 11358.
Abstract
In resent years, China’s digital economy has achieved significant global recognition for its instrumental role in supporting sustainable economic and social development. Based on the panel data from China's provinces between 2013-2021, this paper investigates the impact and transmission mechanism of financial deepening on digital economy development. The study finds that financial deepening significantly improves digital economy development. Heterogeneity analysis indicates that financial deepening offers greater support to digital economy development in central and western regions than in the east. Further analysis shows that financial deepening improves technological innovation, which in turn promotes the digital economy development. After applying a test of robustness, the results proved significant.
Keywords
financial deepening; digital economy; technological innovation; mediation effect
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
