IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-748-9_133.html

Impact of Digital Finance on Regional Economic Growth through Technological Innovation: Based on Provincial Panel Data

In: Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)

Author

Listed:
  • Hongfei Yuan

    (Sanda University, Dept. of Finance, Shengxiang Business School)

  • Xu Zhang

    (Macau University of Science and Technology, Dept. of Finance, School of Business)

  • Yongyou Nie

    (Shanghai University, School of Economics)

Abstract

Digital financial inclusion has become essential for regional economic growth. This paper explores its impact on regional economic growth through the lens of technological innovation, using provincial panel data from 2011 to 2021. A fixed-effects model examines how digital finance promotes regional growth via technological innovation, controlling for other variables. The study addresses the issue of endogeneity by using lagged digital finance and mobile phone penetration as instruments. The research finds that digital finance significantly enhances regional economic growth by stimulating technological innovation, especially in areas with higher levels of digital development. This highlights the importance of integrating digital finance into innovation-driven growth strategies. The unique contribution of this paper lies in exploring the indirect mechanisms through which digital finance drives economic growth, offering a novel approach to this relationship.

Suggested Citation

  • Hongfei Yuan & Xu Zhang & Yongyou Nie, 2025. "Impact of Digital Finance on Regional Economic Growth through Technological Innovation: Based on Provincial Panel Data," Advances in Economics, Business and Management Research, in: Maizaitulaidawati Md Husin (ed.), Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025), pages 1233-1245, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-748-9_133
    DOI: 10.2991/978-94-6463-748-9_133
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;

    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:spr:advbcp:978-94-6463-748-9_133. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.