Cargando…

A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks

The relationship between financial development and economic growth has become a hot topic in recent years and for China, which is undergoing financial liberalisation and policy reform, the efficiency of the use of digital finance and the deepening of the balance between quality and quantity in finan...

Descripción completa

Detalles Bibliográficos
Autores principales: Li, Jia, Sun, Fangcheng, Li, Meng
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Hindawi 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9173965/
https://www.ncbi.nlm.nih.gov/pubmed/35685168
http://dx.doi.org/10.1155/2022/7665954
_version_ 1784722135025975296
author Li, Jia
Sun, Fangcheng
Li, Meng
author_facet Li, Jia
Sun, Fangcheng
Li, Meng
author_sort Li, Jia
collection PubMed
description The relationship between financial development and economic growth has become a hot topic in recent years and for China, which is undergoing financial liberalisation and policy reform, the efficiency of the use of digital finance and the deepening of the balance between quality and quantity in financial development are particularly important for economic growth. This paper investigates the utility of digital finance and financial development on total factor productivity in China using interprovincial panel data decomposing financial development into financial scale and financial efficiency; an interprovincial panel data model is used to explore the utility of digital finance on total factor productivity. This involves the collection and preprocessing of financial data, including feature engineering, and the development of an optimised predictive model. We preprocess the original dataset to remove anomalous information and improve data quality. This work uses feature engineering to select relevant features for fitting and training the model. In this process, the random forest algorithm is used to effectively avoid overfitting problems and to facilitate the dimensionality reduction of the relevant features. In determining the model to be used, the random forest regression model was chosen for training. The empirical results show that digital finance has contributed to productivity growth but is not efficiently utilised; China should give high priority to improving financial efficiency while promoting financial expansion; rapid expansion of finance without a focus on financial efficiency will not be conducive to productivity growth.
format Online
Article
Text
id pubmed-9173965
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Hindawi
record_format MEDLINE/PubMed
spelling pubmed-91739652022-06-08 A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks Li, Jia Sun, Fangcheng Li, Meng Comput Intell Neurosci Research Article The relationship between financial development and economic growth has become a hot topic in recent years and for China, which is undergoing financial liberalisation and policy reform, the efficiency of the use of digital finance and the deepening of the balance between quality and quantity in financial development are particularly important for economic growth. This paper investigates the utility of digital finance and financial development on total factor productivity in China using interprovincial panel data decomposing financial development into financial scale and financial efficiency; an interprovincial panel data model is used to explore the utility of digital finance on total factor productivity. This involves the collection and preprocessing of financial data, including feature engineering, and the development of an optimised predictive model. We preprocess the original dataset to remove anomalous information and improve data quality. This work uses feature engineering to select relevant features for fitting and training the model. In this process, the random forest algorithm is used to effectively avoid overfitting problems and to facilitate the dimensionality reduction of the relevant features. In determining the model to be used, the random forest regression model was chosen for training. The empirical results show that digital finance has contributed to productivity growth but is not efficiently utilised; China should give high priority to improving financial efficiency while promoting financial expansion; rapid expansion of finance without a focus on financial efficiency will not be conducive to productivity growth. Hindawi 2022-05-31 /pmc/articles/PMC9173965/ /pubmed/35685168 http://dx.doi.org/10.1155/2022/7665954 Text en Copyright © 2022 Jia Li et al. https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
spellingShingle Research Article
Li, Jia
Sun, Fangcheng
Li, Meng
A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks
title A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks
title_full A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks
title_fullStr A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks
title_full_unstemmed A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks
title_short A Study on the Impact of Digital Finance on Regional Productivity Growth Based on Artificial Neural Networks
title_sort study on the impact of digital finance on regional productivity growth based on artificial neural networks
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9173965/
https://www.ncbi.nlm.nih.gov/pubmed/35685168
http://dx.doi.org/10.1155/2022/7665954
work_keys_str_mv AT lijia astudyontheimpactofdigitalfinanceonregionalproductivitygrowthbasedonartificialneuralnetworks
AT sunfangcheng astudyontheimpactofdigitalfinanceonregionalproductivitygrowthbasedonartificialneuralnetworks
AT limeng astudyontheimpactofdigitalfinanceonregionalproductivitygrowthbasedonartificialneuralnetworks
AT lijia studyontheimpactofdigitalfinanceonregionalproductivitygrowthbasedonartificialneuralnetworks
AT sunfangcheng studyontheimpactofdigitalfinanceonregionalproductivitygrowthbasedonartificialneuralnetworks
AT limeng studyontheimpactofdigitalfinanceonregionalproductivitygrowthbasedonartificialneuralnetworks