The development of financial technology is a powerful driving force for innovation and exploration in the fi-nancial field,and also an important component of embedding a new chapter in the digital global value chain.Using 264 cities in China from 2007 to 2023 as observation samples,this study empirically examines the impact and mechanism of financial technology development on digital global value chain embedding.The main conclusions are as follows:there is a significant positive correlation between financial technology development and digital global value chain embedding,and this conclusion still holds true after multiple robustness tests.The identification results of the mechanism of action show that the develop-ment of financial technology can drive the embedding of digital global value chains to a higher level through two paths:alle-viating the mismatch of financial resources and enhancing the potential of international markets.The heterogeneity analysis results indicate that compared to the central,western,northeastern regions,regions involved in processing trade,and regions with low innovation and entrepreneurship levels,the development of financial technology has a stronger supportive effect on the embedding of digital global value chains in the eastern,regions involved in general trade,and regions with high innova-tion and entrepreneurship levels.
关键词
金融科技发展/数字全球价值链嵌入/金融资源错配/国际市场拓展
Key words
Development of financial technology/Embedding into the digital global value chain/Mismatch of financial resources/International market potential
维普
万方数据