How do Data Elements Affect the Structure of Finance and Technology Coupling?
The coupling development of finance and technology is a supporting force for the integrated development of the digital economy and the real economy.Currently,the rapid development of digital economy has provided an important new motive force for the deep coupling of finance and technology—the data element.To explore the impact pathways of data elements on the coordinated development between finance and technology,it used provincial data of China from 2007 to 2021 to calculate the coordination degree between finance and technology and the development level of data elements.Through empirical testing,it examined the mechanism and differentiated impact of data elements on the structure of financial and technological coupling.The results show that data elements significantly enhance the coordinated integration of finance and technology.Compared to regions with higher levels of economic development,data elements are more effective in improving the coupling structure in regions with lower economic development levels.From the perspective of the heterogeneity of the relative levels of development of finance and technology,the role of data elements in enhancing the coupling structure is more pronounced in regions with higher levels of financial development.The influence mechanism suggests that data elements improve the structure of finance-technology coupling through the upgrading of R&D capability and financing capability,thus improving the coupling coordination of the two.It provides useful policy insights for China's future market-oriented allocation of data elements and effective combination of finance and technology to serve high-quality economic development.
structure of finance and technology couplingdata elementdegree of coupling coordinationR&D capabilityfinancing capability
万方数据
维普
