IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v31y2024i8p689-695.html
   My bibliography  Save this article

Does financial industry agglomeration affect the upgrading of manufacturing servitization in the digital economy era?

Author

Listed:
  • Xiaoyu Xie
  • Kaige Guo

Abstract

This paper explains how financial industry agglomeration promotes the upgrading of manufacturing servitization in the digital economy era. Then, it measures both the level of financial industry agglomeration and manufacturing servitization from the supply side and the relationship among financial industry agglomeration, digital finance, and manufacturing servitization for empirical testing. The research results show that financial industry agglomeration promotes the development of manufacturing servitization; financial industry agglomeration reduces digital finance, but digital finance promotes manufacturing servitization. Although there is a game at play between financial agglomeration and digital finance, the gaining effect of digital finance on the servitization of manufacturing is greater than the cutting effect of financial agglomeration on digital finance, so digital finance has a facilitating effect on the agglomeration of productive services for the servitization of manufacturing.

Suggested Citation

  • Xiaoyu Xie & Kaige Guo, 2024. "Does financial industry agglomeration affect the upgrading of manufacturing servitization in the digital economy era?," Applied Economics Letters, Taylor & Francis Journals, vol. 31(8), pages 689-695, May.
    • Handle: RePEc:taf:apeclt:v:31:y:2024:i:8:p:689-695
    DOI: 10.1080/13504851.2022.2142503
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2022.2142503
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2022.2142503?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:31:y:2024:i:8:p:689-695. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.