Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data

Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data

The Internet has revolutionized the patterns of financial development and economic growth. To assess the impacts of internet penetration on the financial industry, this paper analyzed ten-year Chinese provincial panel data and concluded that regional Internet penetration accelerates financial develo...

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Main Authors: Qingquan Jiang, Xiaosan Zhang, Qiaozhen Lin, Guofu Chen, Rui Zhang, Songxian Liu
Format: Article
Language:English
Published: Hindawi Limited 2020-01-01
Series:Scientific Programming
Online Access:http://dx.doi.org/10.1155/2020/8856944
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spelling doaj-b5e15daea7694e1f9850505b7d8062432021-07-02T11:05:16ZengHindawi LimitedScientific Programming1058-92441875-919X2020-01-01202010.1155/2020/88569448856944Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel DataQingquan Jiang0Xiaosan Zhang1Qiaozhen Lin2Guofu Chen3Rui Zhang4Songxian Liu5School of Economics & Management, Xiamen University of Technology, Xiamen 361024, ChinaResearch Centre for Belt & Road Financial and Economic Development, Xiamen National Accounting Institute, Xiamen 361005, ChinaSchool of Economics & Management, Xiamen University of Technology, Xiamen 361024, ChinaSchool of Management, Xiamen University, Xiamen 361005, ChinaSchool of Economics & Management, Xiamen University of Technology, Xiamen 361024, ChinaSchool of Economics & Management, Xiamen University of Technology, Xiamen 361024, ChinaThe Internet has revolutionized the patterns of financial development and economic growth. To assess the impacts of internet penetration on the financial industry, this paper analyzed ten-year Chinese provincial panel data and concluded that regional Internet penetration accelerates financial development. Furthermore, the efficiency of Internet investment in underdeveloped provinces is better than that in developed provinces. More meaningfully, Internet penetration promotes the transparency of the securities market and regional financial participation. This indicates that Internet technology facilitates the advancement of the finance industry and the securities market.http://dx.doi.org/10.1155/2020/8856944
collection DOAJ
language English
format Article
sources DOAJ
author Qingquan Jiang
Xiaosan Zhang
Qiaozhen Lin
Guofu Chen
Rui Zhang
Songxian Liu
spellingShingle Qingquan Jiang
Xiaosan Zhang
Qiaozhen Lin
Guofu Chen
Rui Zhang
Songxian Liu
Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data
Scientific Programming
author_facet Qingquan Jiang
Xiaosan Zhang
Qiaozhen Lin
Guofu Chen
Rui Zhang
Songxian Liu
author_sort Qingquan Jiang
title Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data
title_short Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data
title_full Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data
title_fullStr Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data
title_full_unstemmed Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data
title_sort internet penetration and regional financial development in china: empirical evidence based on chinese provincial panel data
publisher Hindawi Limited
series Scientific Programming
issn 1058-9244
1875-919X
publishDate 2020-01-01
description The Internet has revolutionized the patterns of financial development and economic growth. To assess the impacts of internet penetration on the financial industry, this paper analyzed ten-year Chinese provincial panel data and concluded that regional Internet penetration accelerates financial development. Furthermore, the efficiency of Internet investment in underdeveloped provinces is better than that in developed provinces. More meaningfully, Internet penetration promotes the transparency of the securities market and regional financial participation. This indicates that Internet technology facilitates the advancement of the finance industry and the securities market.
url http://dx.doi.org/10.1155/2020/8856944
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AT xiaosanzhang internetpenetrationandregionalfinancialdevelopmentinchinaempiricalevidencebasedonchineseprovincialpaneldata
AT qiaozhenlin internetpenetrationandregionalfinancialdevelopmentinchinaempiricalevidencebasedonchineseprovincialpaneldata
AT guofuchen internetpenetrationandregionalfinancialdevelopmentinchinaempiricalevidencebasedonchineseprovincialpaneldata
AT ruizhang internetpenetrationandregionalfinancialdevelopmentinchinaempiricalevidencebasedonchineseprovincialpaneldata
AT songxianliu internetpenetrationandregionalfinancialdevelopmentinchinaempiricalevidencebasedonchineseprovincialpaneldata
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