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Research on the impact of digital finance on the high-quality development of education

Author

Listed:
  • Zhang, Qi
  • Zhang, Siyuan
  • Huang, Bihui
  • Hu, Xuandie

Abstract

Against the backdrop of building a strong nation in education, the advantages of digital finance become increasingly prominent, providing motivation for the high-quality development of the education industry. This article utilizes provincial panel data from China covering the period from 2011 to 2022 to construct an index system for high-quality education development and conduct regression estimation. The results indicate that digital finance plays a significant promoting role in the high-quality development of education, with its influence being contingent on the regional economic level. Furthermore, capital misallocation serves as a conduit between the two factors.

Suggested Citation

  • Zhang, Qi & Zhang, Siyuan & Huang, Bihui & Hu, Xuandie, 2024. "Research on the impact of digital finance on the high-quality development of education," Finance Research Letters, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324012170
    DOI: 10.1016/j.frl.2024.106188
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    References listed on IDEAS

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    1. Wurgler, Jeffrey, 2000. "Financial markets and the allocation of capital," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 187-214.
    2. Lu, Xiaomeng & Zhang, Xianjun & Guo, Jiaojiao & Yue, Pengpeng, 2024. "Digital finance era: Will individual investors become better players?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    3. Dong, Jichang & Yin, Lijun & Liu, Xiaoting & Hu, Meiting & Li, Xiuting & Liu, Lei, 2020. "Impact of internet finance on the performance of commercial banks in China," International Review of Financial Analysis, Elsevier, vol. 72(C).
    4. King, Robert G. & Levine, Ross, 1993. "Finance, entrepreneurship and growth: Theory and evidence," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 513-542, December.
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    Cited by:

    1. Stănciulescu, Raluca Ioana & Cioacă, Manuela Georgiana & Vezeteu, Cosmin Dănuț, 2025. "Economic Growth and Green Finance Path for Sustainable Rural Development in Romania," Western Balkan Journal of Agricultural Economics and Rural Development (WBJAERD), Institute of Agricultural Economics, vol. 7(2), December.
    2. Lien, Guan-Jie & Chung, Kuo Cheng & Guo, Hwang Tsuen, 2026. "Evaluating the sustainable development of digital inclusive finance through fuzzy DEMATEL and VIKOR: A dual-perspective approach," Evaluation and Program Planning, Elsevier, vol. 114(C).

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    More about this item

    Keywords

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    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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