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The equilibrium effects of digital technology on banking, production, and employment
Nian Liu; Xinhua Gu; Chun Kwok Lei
2022-07-23
Source PublicationFinance Research Letters
ABS Journal Level2
ISSN1544-6123
Volume49Pages:103196
Abstract

This paper examines the impacts of China's digital technology on equilibrium outcomes in its labor, product, and loan markets. We show that digital development is good for employment expansion along with a pay rise, and that rapid e-Commerce growth leads to a fall in the price of products and a rise in the quantity of their transactions. It is unclear how loan interest rates change with Fintech adoption, but we find that banks' lending business will be expanding due to its strong interaction with the digital economy. These theoretical findings are largely consistent with well-documented observations on China.

KeywordDigital Technology E-commerce Fintech Discount Consumption Production Banks Labor Loans Products
DOI10.1016/j.frl.2022.103196
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics
WOS SubjectBusiness, Finance
WOS IDWOS:000835324000005
PublisherElsevier Ltd
Scopus ID2-s2.0-85135077495
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorNian Liu; Chun Kwok Lei
AffiliationDepartment of Finance & Business Economics, University of Macau
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Nian Liu,Xinhua Gu,Chun Kwok Lei. The equilibrium effects of digital technology on banking, production, and employment[J]. Finance Research Letters, 2022, 49, 103196.
APA Nian Liu., Xinhua Gu., & Chun Kwok Lei (2022). The equilibrium effects of digital technology on banking, production, and employment. Finance Research Letters, 49, 103196.
MLA Nian Liu,et al."The equilibrium effects of digital technology on banking, production, and employment".Finance Research Letters 49(2022):103196.
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