Digital Finance,Technology Market Development,and Integration of Two Industries
To explore the impact of digital finance on the integration of two industries,this study selects provincial panel data from 2011 to 2022,constructs an indicator measurement system for the integration of two industries,and introduces the development of the technology market as a moderating variable for em-pirical analysis.Research has found that digital finance positively promotes the integrated development of the two industries,and this conclusion remains valid after considering endogeneity and robustness.Second-ly,the development of the technology market can positively adjust the promoting effect of digital finance on the integrated development of the two industries. Further research has found that there is regional het-erogeneity in the promoting effect of digital finance on the integrated development of the two industries in the eastern and western regions of the Hu Huanyong Line.Based on the analysis of theoretical mechanisms and empirical results,targeted countermeasures and suggestions are proposed to further promote the devel-opment of digital finance and promote the in-depth integration of the two industries.
digital financetechnology marketadvanced manufacturingmodern service industrymoderating effect
万方数据
维普
