Research on Coupling and Synergy Analysis Based on Regional Digital Finance, Regional Economic Development, and Regional Financial Risk
DOI:
https://doi.org/10.54691/00kahg55Keywords:
Digital Finance, Regional Financial Risk, Coupling Synergy AnalysisAbstract
Objectives With the increasing degree of influence of digital finance, financial risk, and financial development, exploring the relationship between the three based on a regional perspective is beneficial to regional governments in formulating relevant policies, which in turn will strengthen the degree of digital finance and regional amount development in the region and reduce the corresponding risks, and has positive significance for the comprehensive development of the regional economy. Methods Based on the rooting theory, this paper constructs a digital finance indicator system with four indicators, a regional risk indicator system with eight indicators, and a regional financial development system with six indicators, respectively. On this basis, the indicators are weighted by using the CRITIC model and AHM model. Based on the principle of synergy, the theory of synergy between the three subsystems is quantitatively analyzed with the principle of operation in line with the synergistic system. Finally, taking Beijing, China, as an example, by selecting the annual data from 2011 to 2019, the example deduction analysis and policy recommendation formulation are carried out. Results The results show that the synergistic analysis of digital finance, financial risk, and regional finance in Beijing, China, as an example, are reasonable. During the period from 2011 to 2019, Beijing's digital finance, regional economy, and regional financial risk showed an M-shaped development trend with alternating increases and decreases, and the phases compounded can be divided into the following five stages: the overall region from 2011 to 2012 conforming to the overall upward trend of the system, the region from 2012 to 2014 conforming to the overall decline of the system, the regional economic weakness from 2014~2017 with regional risk stability, regional economic rise with the weak digital amount in 2017~2018, and regional conformity system rise in 2018~2019. Finally, certain recommendations are put forward. Conclusions. Compared with the traditional single-weight synergy theory, the synergy analysis model under the coupled weighting approach based on CRITIC and AHM has reasonable analysis results under the perspective of fixed weighting and synergy analysis, and the quantified synergy process is more universal.
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