Research on the Impact of Digital Finance on the Technical Complexity of Exporting High-tech Industries
The development of digital finance changes the way and pattern of financial services,and also provides new opportunities for the development of high-tech industries.Based on China's provincial panel data from 2011-2021,this paper explores the impact of digital finance on the technological complexity of high-tech industry export and its mechanism.Empirical evidence shows that digital finance can enhance the level of R&D investment,technological innovation,and human capital accumulation in high-tech industries,thereby promoting the increase of technological complexity in high-tech industry exports;Higher levels of technology spillover,transportation,and education investment reinforce this impact.In addition,this impact exhibits heterogeneity at the geographical and industry levels.Finally,suggestions are put forward to promote the development of digital finance,increase investment in high-tech industry research and development,and promote regional coordinated de-velopment to promote the development of high-tech industries.
Digital FinanceHigh-tech Industry ExportThe Technical ComplexityMechanism TestingSpatial Spillover
NETL
NSTL
万方数据
维普
