Impact of Digital Economy Development on Financialization of Firms: Empirical Evidence from PVAR Model
Year: 2024
Type: article
Abstract: In this paper, we select several indicators to measure the level of the digital economy in cities, the index of digital inclusive finance in cities and the degree of financialization of enterprises, we apply variables mentioned above to analyze the complex relationship between multiple variables based on the PVAR model, we firstly suppose a unique order and use impulse response function(IRF) and variance decomposition measures to predict the impact of the relationship between variables, so as to provide a reference for policy making and risk prevention. and use impulse response and variance decomposition methods to predict the future direction of the relationship between variables, so as to provide certain reference significance for policy making and risk prevention.
DOI: 10.54097/de438b17
Author: Haoran Cheng
Institution: Zhongnan University of Economics and Law
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403357718