The role of blockchain technology in shaping the digital economy: An exploration of financial development

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-06-15 DOI:10.1016/j.frl.2025.107783

Mingyuan Chi, Li Li, Jia Zhong

引用次数: 0

Abstract

The digital economy, as a key driver of global economic growth, is closely linked to emerging technologies and financial systems. Using panel data from 31 Chinese provinces (2007–2023), this study explores how blockchain impacts regional digital economies and the role of financial development. The results indicate that the application of blockchain technology significantly enhances regional digital economic development, with notable variations in its effectiveness between highly open and less open regions. Furthermore, financial development plays a crucial moderating role, with this effect being stronger in high-income regions and weaker in low-income regions.

查看原文本刊更多论文

区块链技术在塑造数字经济中的作用：金融发展的探索

数字经济与新兴技术、金融体系紧密相连，是全球经济增长的重要引擎。本研究利用2007-2023年中国31个省份的面板数据，探讨b区块链对区域数字经济的影响以及金融发展的作用。结果表明：区块链技术的应用显著促进了区域数字经济的发展，且在开放度高和开放度低的区域之间，区块链技术的应用效果存在显著差异。此外，金融发展具有至关重要的调节作用，且这种调节作用在高收入地区更强，在低收入地区更弱。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance