Digital finance, technological innovation and regional economic growth

Abstract

Abstract: This article uses the panel data of 31 provinces from 2011 to 2020 to examine the relationship between digital finance, technological innovation and regional economic growth. The research results show that, firstly, digital finance does have a direct and significant impact on improving the level of regional economic growth, and the incentive effect is more prominent in the eastern and central regions; secondly, digital finance can indirectly achieve this by promoting the level of regional technological innovation. Regional economic growth; finally, we found that this path implies a more detailed causal chain transmission path for technological innovation activities, that is, the development of digital finance has promoted the increase of R&D investment in the region, and the increase of R&D investment is the production of innovation. The increase and application of innovation output have achieved the overall technological progress of the region, and technological progress, as an important driving force, has significantly stimulated the improvement of the level of regional economic growth.

Key words: digital finance, technological innovation, economic growth, chain mechanism

CLC Number:

F49
F832

YIN Shao-hua, LUO Han-xiang. Digital finance, technological innovation and regional economic growth[J]. Journal of Guizhou University of Finance and Economics, 2023(01): 41-49.

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