Financial Technology, Resource Allocation Efficiency and Economic Growth——Based on the Perspective of"New Structural Economics"
The development progress of financial technology, the improvement of financial resource alloca-tion efficiency and the high quality growth of the economy are a mutually reinforcing process. Through the fixed effect regression of the panel data of 31 provincial administrative regions, the relationship between fintech and economic growth is studied, and the impact of resource allocation efficiency changes brought by different financial structures on economic growth is considered.Research shows that fintech promotes economic growth, and a reasonable financial structure can promote economic growth to the greatest extent. Therefore, the government should increase the policy support in fintech, and construct the financial struc-ture in line with our reality according to the objective situation.
fintechefficiency of resource allocationfinancial structureeconomic growth
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