Smart and IoT-Based Coupling and Coordination Development for Financial and Logistics Industries

Abstract

Based on the panel data, collected through various Internet of Things (IoT) devices, of 31 various provinces and cities in the Republic of China from 2004 to 2019, due to the analysis of mechanism and the significance of coupled and coordinated development, methods like fuzzy comprehensive evaluation, entropy, coupling, and coordination degree model, exploratory spatial data analysis, and Theil index are widely used to analytically evaluate the dynamic coupling development of China's financial and logistics industries. The analysis of the collected data shows that demand promotion, technological progress, corporate decision-making, and policy stimulus are the driving forces for the coordinated development. In addition, the coordinated development of both industries can achieve a win-win situation. Moreover, during the sample period, the level of coupled and coordinated development has made considerable progress, achieving a transition from moderate to slightly unbalanced level, but overall, it is still at a low level. The level of coupled and coordinated development is showing east-central-west, that is, a three-level declining trend. Guangdong is the province with the highest level, and Qinghai and Ningxia are the provinces with the lowest levels of coupled and coordinated development. The general evolution trend of the total difference in the levels of coupled and coordinated development is declining in fluctuation, and the differences in the eastern region and within the zones are the main reasons for the total difference.