Abstract
This paper attempts to evaluate the coordinated development state of the subsystems within the internet financial ecosystem in China from 2011 to 2016. Focusing on the main business modes, technological innovation, and the external environment, we select 29 indicators to construct an index system and adopt a coupling coordination degree model for evaluation. Furthermore, we use two weight calculation methods, entropy weight and principal component analysis, to ensure the robustness of the results. The empirical results show that China’s internet financial ecosystem experienced five development stages from 2011 to 2016, which are moderate disorder, near disorder, weak coordination, intermediate coordination, and good coordination. Different methods of obtaining weights have little effect on the empirical results. These findings suggest that at the beginning, the coordinated development of China’s internet financial ecosystem was hindered by factors including the scarcity of main business modes and the defect of technological innovation; then, with the rapid development of China’s internet industry, the external environment became another drawback in coordinated development. Finally, based on the findings, we give some policy recommendations from a global perspective to achieve a sustainable internet financial ecosystem.
Supported by the National Natural Science Foundation of China (71631005, 71871062) and the Humanities and Social Science Foundation of the Ministry of Education of China (16YJA630078)
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Artikel in diesem Heft
- Coupling Degree Evaluation of China’s Internet Financial Ecosystem Based on Entropy Method and Principal Component Analysis
- A Two-factor Model of Intra-industry Trade: A Demonstration of Robustness of Krugman’s (1980) Model
- Technological Innovation, Regional Heterogeneity and Marine Economic Development — Analysis of Empirical Data Based on China’s Coastal Provinces and Cities
- Optimal Tracking Control for Discrete-time Systems with Time-delay Based on the Preview Control Method
- Study on the Performance Evaluation of Expatriate Technician in Multinational Corporations
- Strategies for Construction of Majors in Universities with Different Characteristic Based on Social Needs
- An Extended Grey Model GM(1, 1, exp(bk)) and Its Application in Chinese Civil Air Passenger Volume Prediction