A Study on the Driving Effect of Digital Finance on Regional Technological Innovation——Based on the Dynamic Spatial Dubin Model
Digital finance can address the asymmetry problems between threshold conditions,cost and information in traditional finance.The development of digital finance can bring a lot of convenience,exerting an impact on scientific and technological innovation for cities.Based on the panel data of 16 prefecture-level cities in Anhui Province from 2015 to 2021,this study makes an empirical analysis and conclusion that there is a significant spatial positive correlation between regional scientific and technological innovation:in the short term,there is significant spatial effect of digital finance on regional technological innovation,and digital finance plays an obvious role in promoting regional scientific and technological innovation;in the long run,there is no significant effect of local digital finance on local technological innovation,while the surrounding digital finance has a significant impact on local technological innovation.Therefore,we should promote the development of digital finance,accelerate financial Digital transformation,ease credit constraints,provide financial support,and coordinate regional digital finance development to drive scientific and technological innovation.
digital inclusive financeregional innovation in scince and technologydynamic spatial Dubin modelinfluence effect
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