Digital Finance,Technological Innovation and Real Economic Growth
This paper selects the panel data of 31 provinces from 2013 to 2022 and uses the spatial Dubin model to study the spatial spillover effect of digital finance on the growth of the real economy,and constructs an intermediary effect model to incorporate scientific and technological innovation into the research framework of digital finance and real economic growth,and its transmission mechanism is further analyzed.The results show that there is a significant spatial dependence between the growth of real economy and digital finance;the improvement of the level of digital finance can effectively promote the growth of the real economy,but the development of digital finance in this region has a negative impact on the growth of the real economy in the neighboring regions;digital finance can promote the growth of the real economy by promoting technological innovation.Therefore,we should continue to promote the development of digital finance and increase its support for scientific and technological innovation so as to better promote the growth of China's real economy.
digital financescientific and technological innovationreal economic growthspatial Dubin modelmediation effect model
万方数据
