The Impact of Digital Finance on Industrial Structure: Evidence From China

Abstract

This paper first theoretically analyzes the impact mechanism of digital finance on industrial structure upgrading, and then empirically analyzes the relationship between digital finance and industrial structure upgrading. The results show that the development of digital finance can promote the upgrading of industrial structure. Further analysis shows that the proper allocation of government attention is also key to achieving digital finance development and industrial structure upgrading. The above conclusions provide policy implications between the development of digital finance and the upgrading of industrial structure in China.