Digital finance, regional innovation and economic development linkage--Analysis of PVAR dynamic model based on panel data of Guangdong province

Journals

Title：
Digital finance, regional innovation and economic development linkage--Analysis of PVAR dynamic model based on panel data of Guangdong province
Author：
Jiangpan Wen
Author Affiliation：
Zhanjiang Institute of Science and Technology, Zhanjiang, China
Received：Apr.8, 2023
Accepted：May.5, 2023
Published：May.15, 2023

Abstract

This paper takes 21 prefecture-level cities in Guangdong Province as the research object, and divides them into three regions: Pearl River Delta region, Northwest Guangdong region and Guangdong Province. The results of the study found that: digital finance, regional innovation and economic development have a mutual promotion relationship, but the promotion effect is not significant; there is regional heterogeneity in the linkage between digital finance and economic development, regional innovation and economic development; digital finance development should be more comprehensive and diversified, and different strategies for digital financial services should be formulated in response to the differences in the development of different regions, so as to attract more talents and promote regional innovation. The development of digital financial services should be more comprehensive and diversified in response to the differences in the development of different regions, formulate differentiated digital financial services strategies, increase the efforts to attract talents, promote regional innovation, and drive the high-quality development of regional economy.

Keywords

Digital finance, regional innovation, economic development, PVAR.

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