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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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Digital finance; Quality development of education; Path of regional capital misallocation;
    All these keywords.

    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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