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Academic Journal of Business & Management, 2023, 5(5); doi: 10.25236/AJBM.2023.050502.

How Fintech Affects Economic Development


Jincan Zuo

Corresponding Author:
Jincan Zuo

University of Shanghai for Science and Technology, Shanghai, China


Based on the annual provincial panel data from 2011 to 2020, this paper uses fixed-effect panel model and threshold-effect model to study the impact of fintech on economic development. The results show that fintech has a significant positive impact on economic development and heterogeneity, and the contribution of fintech to economic development is relatively high in the eastern region. Further using the threshold effect model, it is found that different levels of fintech have different effects on economic development.


fintech, threshold effect, economic development

Cite This Paper

Jincan Zuo. How Fintech Affects Economic Development. Academic Journal of Business & Management (2023) Vol. 5, Issue 5: 9-16. https://doi.org/10.25236/AJBM.2023.050502.


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