Research on the Efficiency of Financial Technology in the Pearl River Delta Region
DOI:
https://doi.org/10.54691/bcpbm.v15i.287Keywords:
The Pearl River Delta Region (PRD); Fin-Tech; DEA-Malmquist Index Model.Abstract
The deep integration of science and financial industry has become an important development strategy for building an innovation-driven country. As the forefront of China's reform and opening up, the Pearl River Delta region shoulders the important task of studying the development and influencing factors of Fin-Tech efficiency. Based on the panel data of nine major cities in the Pearl River Delta region from 2010 to 2018, this paper selects input and output indicators from aspects of manpower and capital, and uses DEA-Malmquist index model to measure the efficiency of Fin-Tech. The results demonstrate that during the period studied, the annual average Fin-Tech efficiency in the Pearl River Delta region presents an alternately fluctuating trend of "up-down". Among the inner cities, there are significant differences in the efficiency of Fin-Tech due to different regional development. Moreover, this paper explores the reasons from the aspects of macro economy, policy regulation and local development, and provides corresponding suggestions.
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