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How does the technological finance cooperation pilot policy affect prefecture-level cities’ high quality economic development in China?

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  • He, Yu
  • Deng, Jiaxin
  • Zhang, Xiaoqi

Abstract

This study explores whether and how the technological finance cooperation pilot (TFCP) policy affects high quality economic development (HQED) in China using panel data from 273 prefecture-level cities covering 2007–2021 and a multiperiod spatial difference-in-differences model. The TFCP is demonstrated to exert positive direct and indirect effects on HQED, indicating that such a policy promotes both pilot and non-pilot cities’ HQED. Besides, our addition tests reveal that: (a) the TFCP's direct (indirect) effect gradually rises (fluctuates); (b) the TFCP has heterogeneity effects in different regions; (c) the TFCP affects HQED through scientific and technological innovation and industrial structure upgrading.

Suggested Citation

  • He, Yu & Deng, Jiaxin & Zhang, Xiaoqi, 2024. "How does the technological finance cooperation pilot policy affect prefecture-level cities’ high quality economic development in China?," Finance Research Letters, Elsevier, vol. 67(PB).
    • Handle: RePEc:eee:finlet:v:67:y:2024:i:pb:s154461232400922x
    DOI: 10.1016/j.frl.2024.105892
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