Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model

Junjie Hu; Yang Lu

doi:doi:10.11648/j.jbed.20230802.15

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Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model

Junjie Hu, Yang Lu

Published in Journal of Business and Economic Development (Volume 8, Issue 2)

Received: 7 June 2023 Accepted: 30 June 2023 Published: 6 July 2023

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Abstract

With the support of big data, cloud computing and other technologies, China's digital finance has been developing and deepening, and has been transferred from the consumer side to the production side. With its unique advantages, digital finance has not only eased the plight of traditional financial industries, but also had a great impact on the operation mode and development of other industries. To study the impact of digital inclusive finance on industrial structure upgrading, based on the panel data of 253 prefecture-level cities in China from 2011-2021, this paper uses the systematic GMM estimation method and the mediating effect model to study the impact of digital inclusive finance on industrial structure upgrading, and also to test the transmission effect of regional economic development between the two. It is found that digital inclusive finance has a significant promotion effect on industrial structure upgrading. However, digital inclusion in the previous period will have a negative impact on the current period's industrial structure upgrade. In testing for mediation effects, the regional economic development level has a certain transmission effect, but it shows a masking effect. The degree of impact of digital inclusive finance on industrial structure upgrading also varies among the three regions in the east, central and west, with the central region being the most obvious, followed by the western region and the eastern region being the weakest.

Published in	Journal of Business and Economic Development (Volume 8, Issue 2)
DOI	10.11648/j.jbed.20230802.15
Page(s)	69-76
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Digital Inclusive Finance, Industrial Structure Upgrade, Intermediary Effect, Systematic GMM Model

References

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APA Style

Junjie Hu, Yang Lu. (2023). Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model. Journal of Business and Economic Development, 8(2), 69-76. https://doi.org/10.11648/j.jbed.20230802.15

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ACS Style

Junjie Hu; Yang Lu. Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model. J. Bus. Econ. Dev. 2023, 8(2), 69-76. doi: 10.11648/j.jbed.20230802.15

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AMA Style

Junjie Hu, Yang Lu. Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model. J Bus Econ Dev. 2023;8(2):69-76. doi: 10.11648/j.jbed.20230802.15

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@article{10.11648/j.jbed.20230802.15,
  author = {Junjie Hu and Yang Lu},
  title = {Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model},
  journal = {Journal of Business and Economic Development},
  volume = {8},
  number = {2},
  pages = {69-76},
  doi = {10.11648/j.jbed.20230802.15},
  url = {https://doi.org/10.11648/j.jbed.20230802.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20230802.15},
  abstract = {With the support of big data, cloud computing and other technologies, China's digital finance has been developing and deepening, and has been transferred from the consumer side to the production side. With its unique advantages, digital finance has not only eased the plight of traditional financial industries, but also had a great impact on the operation mode and development of other industries. To study the impact of digital inclusive finance on industrial structure upgrading, based on the panel data of 253 prefecture-level cities in China from 2011-2021, this paper uses the systematic GMM estimation method and the mediating effect model to study the impact of digital inclusive finance on industrial structure upgrading, and also to test the transmission effect of regional economic development between the two. It is found that digital inclusive finance has a significant promotion effect on industrial structure upgrading. However, digital inclusion in the previous period will have a negative impact on the current period's industrial structure upgrade. In testing for mediation effects, the regional economic development level has a certain transmission effect, but it shows a masking effect. The degree of impact of digital inclusive finance on industrial structure upgrading also varies among the three regions in the east, central and west, with the central region being the most obvious, followed by the western region and the eastern region being the weakest.},
 year = {2023}
}

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TY  - JOUR
T1  - Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model
AU  - Junjie Hu
AU  - Yang Lu
Y1  - 2023/07/06
PY  - 2023
N1  - https://doi.org/10.11648/j.jbed.20230802.15
DO  - 10.11648/j.jbed.20230802.15
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 69
EP  - 76
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20230802.15
AB  - With the support of big data, cloud computing and other technologies, China's digital finance has been developing and deepening, and has been transferred from the consumer side to the production side. With its unique advantages, digital finance has not only eased the plight of traditional financial industries, but also had a great impact on the operation mode and development of other industries. To study the impact of digital inclusive finance on industrial structure upgrading, based on the panel data of 253 prefecture-level cities in China from 2011-2021, this paper uses the systematic GMM estimation method and the mediating effect model to study the impact of digital inclusive finance on industrial structure upgrading, and also to test the transmission effect of regional economic development between the two. It is found that digital inclusive finance has a significant promotion effect on industrial structure upgrading. However, digital inclusion in the previous period will have a negative impact on the current period's industrial structure upgrade. In testing for mediation effects, the regional economic development level has a certain transmission effect, but it shows a masking effect. The degree of impact of digital inclusive finance on industrial structure upgrading also varies among the three regions in the east, central and west, with the central region being the most obvious, followed by the western region and the eastern region being the weakest.
VL  - 8
IS  - 2
ER  -

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Author Information

Junjie Hu

International College, Jiangxi University of Finance and Economics, Nanchang, China
Yang Lu

School of Economics, Jiangxi University of Finance and Economics, Nanchang, China

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Plain Text BibTeX RIS

APA Style

Junjie Hu, Yang Lu. (2023). Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model. Journal of Business and Economic Development, 8(2), 69-76. https://doi.org/10.11648/j.jbed.20230802.15

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ACS Style

Junjie Hu; Yang Lu. Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model. J. Bus. Econ. Dev. 2023, 8(2), 69-76. doi: 10.11648/j.jbed.20230802.15

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AMA Style

Junjie Hu, Yang Lu. Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model. J Bus Econ Dev. 2023;8(2):69-76. doi: 10.11648/j.jbed.20230802.15

Copy | Download

@article{10.11648/j.jbed.20230802.15,
  author = {Junjie Hu and Yang Lu},
  title = {Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model},
  journal = {Journal of Business and Economic Development},
  volume = {8},
  number = {2},
  pages = {69-76},
  doi = {10.11648/j.jbed.20230802.15},
  url = {https://doi.org/10.11648/j.jbed.20230802.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20230802.15},
  abstract = {With the support of big data, cloud computing and other technologies, China's digital finance has been developing and deepening, and has been transferred from the consumer side to the production side. With its unique advantages, digital finance has not only eased the plight of traditional financial industries, but also had a great impact on the operation mode and development of other industries. To study the impact of digital inclusive finance on industrial structure upgrading, based on the panel data of 253 prefecture-level cities in China from 2011-2021, this paper uses the systematic GMM estimation method and the mediating effect model to study the impact of digital inclusive finance on industrial structure upgrading, and also to test the transmission effect of regional economic development between the two. It is found that digital inclusive finance has a significant promotion effect on industrial structure upgrading. However, digital inclusion in the previous period will have a negative impact on the current period's industrial structure upgrade. In testing for mediation effects, the regional economic development level has a certain transmission effect, but it shows a masking effect. The degree of impact of digital inclusive finance on industrial structure upgrading also varies among the three regions in the east, central and west, with the central region being the most obvious, followed by the western region and the eastern region being the weakest.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Impact of Digital Inclusive Finance on Industrial Structure Upgrading-Empirical Analysis Based on Systematic GMM Model
AU  - Junjie Hu
AU  - Yang Lu
Y1  - 2023/07/06
PY  - 2023
N1  - https://doi.org/10.11648/j.jbed.20230802.15
DO  - 10.11648/j.jbed.20230802.15
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 69
EP  - 76
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20230802.15
AB  - With the support of big data, cloud computing and other technologies, China's digital finance has been developing and deepening, and has been transferred from the consumer side to the production side. With its unique advantages, digital finance has not only eased the plight of traditional financial industries, but also had a great impact on the operation mode and development of other industries. To study the impact of digital inclusive finance on industrial structure upgrading, based on the panel data of 253 prefecture-level cities in China from 2011-2021, this paper uses the systematic GMM estimation method and the mediating effect model to study the impact of digital inclusive finance on industrial structure upgrading, and also to test the transmission effect of regional economic development between the two. It is found that digital inclusive finance has a significant promotion effect on industrial structure upgrading. However, digital inclusion in the previous period will have a negative impact on the current period's industrial structure upgrade. In testing for mediation effects, the regional economic development level has a certain transmission effect, but it shows a masking effect. The degree of impact of digital inclusive finance on industrial structure upgrading also varies among the three regions in the east, central and west, with the central region being the most obvious, followed by the western region and the eastern region being the weakest.
VL  - 8
IS  - 2
ER  -

Copy | Download