IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v91y2024ics0301420724002009.html
   My bibliography  Save this article

Impact of FinTech on the industrial structural transformation: Evidence from China's resource-based cities

Author

Listed:
  • Dong, Hao
  • Zheng, Yingrong
  • Tang, Yuhong

Abstract

In the wave of global digital transformation, FinTech plays an increasingly prominent role in leading economic development and industrial structure transformation (IST). Furthermore, developing natural resources in resource-dependent cities typically requires significant capital investment. Therefore, exploring strategies that leverage FinTech to introduce innovative financial products and services emerges as a critical pursuit, holding the key to enhancing operational efficiency within the resource extraction sector and facilitating industrial advancement. This study investigates the impact of FinTech on IST in Chinese resource-based cities. Empirical data demonstrates the significant driving role of FinTech in improving IST. It demonstrates a positive association between the influence of FinTech and the depth of financial deepening. The heterogeneity analysis of the sub-sample reveals that the positive impact of FinTech on IST is particularly evident in central and western cities, small and medium-sized cities, and cities with a high level of marketization. There exists an apparent threshold effect of FinTech on IST, beyond which the role of FinTech in guiding IST becomes more prominent. The insights derived from this study aim to enhance the empowering potential of FinTech, thereby paving a more robust path for IST in resource-based cities.

Suggested Citation

  • Dong, Hao & Zheng, Yingrong & Tang, Yuhong, 2024. "Impact of FinTech on the industrial structural transformation: Evidence from China's resource-based cities," Resources Policy, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724002009
    DOI: 10.1016/j.resourpol.2024.104833
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724002009
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104833?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724002009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.