<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Internet finance, a byproduct of the close coupling of Internet technology with the financial sector, has contributed significantly to the growth of local economies. This essay first examines the relationship between regional economic growth and online financing. Second, the constraint mechanism between Internet finance and local economic growth is examined using the efficacy function of the coupling degree evaluation model. The consistency of the spillover impact of the Internet finance cluster on the economic growth of the region and the surrounding areas is examined using the spatial effect decomposition. In 2021, the Moran indices of W1, W2, and W3 were 0.418, 0.123, and 0.341, respectively. The correlation between Internet financing and local economic growth is strengthened, while the influence factor of economic and geographical distance is reduced.</p>
</abstract>

Internet finance, a byproduct of the close coupling of Internet technology with the financial sector, has contributed significantly to the growth of local economies. This essay first examines the relationship between regional economic growth and online financing. Second, the constraint mechanism between Internet finance and local economic growth is examined using the efficacy function of the coupling degree evaluation model. The consistency of the spillover impact of the Internet finance cluster on the economic growth of the region and the surrounding areas is examined using the spatial effect decomposition. In 2021, the Moran indices of W1, W2, and W3 were 0.418, 0.123, and 0.341, respectively. The correlation between Internet financing and local economic growth is strengthened, while the influence factor of economic and geographical distance is reduced.

An Empirical Analysis of Internet financing and local economic growth Based on Big Data

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

Internet finance, a byproduct of the close coupling of Internet technology with the financial sector, has contributed significantly to the growth of local...

An Empirical Analysis of Internet financing and local economic growth Based on Big Data

Published Online: Oct 15, 2023

Page range: -

Received: Nov 20, 2022

Accepted: Apr 25, 2023

DOI: https://doi.org/10.2478/amns.2023.2.00615

Keywords
Spatial effect decomposition, Coupling degree evaluation model, Efficacy function, Regional economy

© 2023 Feifei Chen, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

An Empirical Analysis of Internet financing and local economic growth Based on Big Data

Published Online: Oct 15, 2023

Page range: -

Received: Nov 20, 2022

Accepted: Apr 25, 2023

DOI: https://doi.org/10.2478/amns.2023.2.00615

KeywordsSpatial effect decomposition, Coupling degree evaluation model, Efficacy function, Regional economy

© 2023 Feifei Chen, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Spatial effect decomposition, Coupling degree evaluation model, Efficacy function, Regional economy