Digital Finance Empowers the Upgrading of Industrial Structure in the Beijing-Tianjin-Hebei Region:Internal Mechanism and Empirical Test
The new form of digital finance is an important support for enhancing the quality and efficiency of industries in the Beijing-Tianjin-Hebei region.Based on the data from 13 cities in the Beijing-Tianjin-Hebei region from 2011 to 2021,this paper empirically examines the impact and mechanism path of digital finance on the upgrading of industrial structure in the region.The results show that digital finance has significantly promoted the upgrading of the industrial structure in the Beijing-Tianjin-Hebei region,and the conclu-sion is still valid after the endogeneity and robustness tests.From the mechanism path,digital finance can accelerate the upgrading of the regional industrial structure by enhancing the upgrading of residents'consumption and the entrepreneurial vitality of enterprises.Re-garding regulatory effect,the investment environment plays a positive regulatory role in promoting the upgrading of industrial structure in the Beijing-Tianjin-Hebei region by digital finance.In contrast,information construction plays a restrictive role.There is a spatial spillover effect of digital finance in the Beijing-Tianjin-Hebei region,which also promotes the upgrading of industrial structures in neighboring areas.
Beijing-Tianjin-Hebei regiondigital financeupgrading of industrial structureupgrading of household consumptionen-trepreneurial vitality
万方数据
维普
