Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

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Impacts of Financial Decentralization on China’s Innovation

Authors
Yiyun Sun1, *
1School of Economics, Wuhan University of Technology, Wuhan, Hubei, China
*Corresponding author. Email: syyTMyy@163.com
Corresponding Author
Yiyun Sun
Available Online 15 May 2023.
DOI
10.2991/978-94-6463-142-5_16How to use a DOI?
Keywords
Financial decentralization; Innovation; high-quality economic development; regional development
Abstract

This paper studies the impact of financial decentralization on innovation activities in China based on the perspective of “finance-innovation”. Using the data of China’s industrial enterprises above designated size in 30 provinces from 2000 to 2019, this paper verifies the relationship between financial decentralization and innovation, reach conclusions that: Financial decentralization plays a significant role in promoting China’s innovation ability; Financial decentralization has obvious regional heterogeneity, which has a positive effect on the improvement of innovation ability in the eastern and central regions with high economic development level, and a negative effect in the western regions. Meanwhile, it’s found that the local financial decentralization is more obvious when the industrial structure is more perfect, and the financial decentralization contributes to the improvement of the local industrial structure. In the future, each region should choose the best degree of financial decentralization according to its different financial characteristics, and rationally use it to help local industrial innovation, to promote high-quality economic development.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 May 2023
ISBN
10.2991/978-94-6463-142-5_16
ISSN
2352-5428
DOI
10.2991/978-94-6463-142-5_16How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yiyun Sun
PY  - 2023
DA  - 2023/05/15
TI  - Impacts of Financial Decentralization on China’s Innovation
BT  - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
PB  - Atlantis Press
SP  - 147
EP  - 155
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-142-5_16
DO  - 10.2991/978-94-6463-142-5_16
ID  - Sun2023
ER  -