Research On The Regional Difference Of Internet Finance Development In China And The Spatial Econometric Analysis Of Its Influencing Factors

In recent years,people have paid more and more attention to Internet technology,cloud computing,and big data.With the breakthrough of technology,it has also brought about innovation in the industry.Many industries and the Internet have rapidly combined and produced tremendous social benefits.Such as the rapid integration of the Internet and finance,the financial industry has been more innovative and more efficient use of resources.This article focuses on the regional differences in the development of Internet finance and its influencing factors.First of all,this paper collates the research literature on internet finance,then studies the development of internet finance,including the development history and major modules,and initially summarizes the main factors that affect the development of internet finance.Then,from the three dimensions of horizontal dimension,time trend,and sub-service,the current situation of the differences in the development of Internet finance in each region is described.The Dagum Gini Coefficient Decomposition Method is used to measure the differences between the total,inter-area,and intraregional differences.It is found that from a national point of view,the regional differences in internet finance show a narrowing trend;From the perspective of each region,the three coastal regions have a high level of Internet finance development,and they are also the regions with the greatest differences among regions.The levels in the southwest and northwest regions are relatively low,and the differences between the regions are the largest in the east coast and in the northwest.Subsequently,this paper selects indicators from two aspects to study the influencing factors of the differences in the development of Internet finance in each region: the Internet financial ecological environment and the development of Internet finance itself.Among them,the Internet financial ecological environment includes several parts of the macroeconomic foundation,regional financial environment,information technology,and policy environment;the development of Internet finance itself includes two indexes: profitability level and safety level.This paper uses the data from the first quarter of 2014 to the first quarter of 2016 in 31 provinces and cities across the country to establish a spatial and panel data model of the total and each region.It is found that for the entire region,Internet finance is greatly affected by the macroeconomic base,regional financial environment,and the development risks of Internet finance itself,and the significant factors affecting different regions are also different.Finally,specific recommendations were given for the whole region and regions in order to promote the coordinated development of the regional economy.