| Under the background of the combination of the rising strategy of central China and the requirements of high-quality development of central China in the new era,to achieve this goal,the construction of a modern industrial system supported by advanced manufacturing industry is undoubtedly an important breakthrough.At the same time,the rapid development of cloud computing,big data,blockchain and other digital technologies in recent years,the development and application of digital technology has brought about a new paradigm of information and communication technology to promote financial innovation in the financial industry--digital finance.In the past decades of research,financial development is undoubtedly an important support to promote the transformation and upgrading of industrial structure,and digital finance,with the support of digital technology,has incomparable natural advantages over traditional finance in expanding the scope of financial services,reducing the threshold and cost of financial services,and improving the efficiency of financial inclusion.Therefore,It is believed that digital finance will play an important role in the transformation and upgrading of industrial structure.Firstly,this paper systematically reads and summarizes the main conclusions and shortcomings of existing domestic and foreign literatures;Secondly,on this basis,the relevant concepts of digital finance and industrial structure transformation and upgrading are defined and the relevant economic theories are summarized.Thirdly,it summarizes and analyzes the current situation of digital finance development and industrial structure in the central region.Then,on the basis of reviewing the existing theories and the research conclusions of current scholars,it analyzes and sorts out the action mechanism of digital finance on the upgrading of industrial structure,including direct action,indirect transmission mechanism and threshold effect,and puts forward the corresponding research hypothesis.Then,the panel regression model was adopted to select the data of 80 prefecture-level cities in the central region from 2011 to 2020 for analysis.The empirical results showed that: first,digital finance has a significant positive impact on the upgrading of industrial structure in the central region,and the robustness test by subdivision index found that the depth of use of digital finance has the greatest impact on the upgrading of industrial structure in the central region.Secondly,digital finance can promote the upgrading of industrial structure through consumption upgrading and technological innovation.Thirdly,through threshold model test,it is found that digital finance has nonlinear spillover effect on industrial structure upgrading in central China.Fourthly,heterogeneity analysis found that within the sample range,digital finance has a more significant role in promoting the transformation and upgrading of industrial structure in economically developed regions and regions with high urbanization rate.Finally,based on the research conclusions,countermeasures and suggestions are put forward: in-depth implementation of digital financial innovation development strategy;Bring into play the intermediary effect of consumption upgrading and innovation driving;We will accelerate the improvement of digital financial infrastructure in the central region. |
PDF Full Text Request