A Study of the Impact of Digital Finance on the Construction of a Modern Chinese-style Industrial System
Based on the panel data of 30 provinces in China from 2013 to 2022,this paper analyzes the impact of digital finance on the construction of a modern Chinese-style industrial system with the help of the spatial Durbin model,the intermediary effect model and the adjustment model.The results show that the construction of a modern Chinese-style industrial system has strong positive spatial autocorrelation characteristics.Digital finance can significantly drive the construction of a modern Chinese-style industrial system in a given region and the surrounding areas.The promotion effect of digital finance on the construction of a modern Chinese-style industrial system has heterogeneity in the aspects of the industrial scale and resource enrichment.Digital finance can promote the construction of a modern Chinese-style industrial system by promoting scientific and technological innovation.Factor agglomeration plays a regulatory role in the relationship between digital finance and the construction of a modern Chinese-style industrial system.Based on this discus-sion,this paper puts forward policy suggestions to promote the high-quality development of digital finance,build a"new highland"of scientific and technological innovation,and accelerate the factor agglomeration so as to provide some theoretical reference for promoting the construction of a modern Chinese-style industrial system.
digital financeChinese-style modernizationconstruction of an industrial systemtechnological innovationfactor ag-glomeration