Recently, according to the latest data published by ESI (Essential Science Indicators), Professor Teng Lei, the vice president of our college, as the corresponding author, published a paper on the digital economy in the internationally renowned journal North American Journal of Economics and Finance (SSCI), "How does FinTech affect the development of the digital economy? Evidence from China", which was successfully selected as the top 1% of ESI cited papers in the world. The co-authors of this article also include Dr. Chen Xiaohui from Yibin University and Chen Wen, associate professor of Nanjing Agricultural University (previously worked at Southwest University of Finance and Economics).
The article analyzes the mechanism from the two dimensions of traditional technological innovation and financial decentralization, and then studies the impact of Fintech on the digital economy and its mechanism based on the data of the Zero One think-tank and the two-way fixed effect model of time and individual. The empirical results show that: first, Fintech can promote the development of digital economy, and its mechanism is that Fintech can promote regional traditional technology innovation and weaken the financial decentralization of local governments, both of which are conducive to the development of digital economy. Second, local financial regulatory resources have a positive regulatory role. With the increase of local financial regulatory resources, the role of financial technology in promoting the development of digital economy is more prominent. Under the background that the country is vigorously developing the digital economy and local governments are responsible for dealing with local financial risks, the research conclusions of this paper provide new support for local governments to realize the development of the digital economy by means of financial technology innovation.
It is reported that the Basic Science Index Database (ESI) is an evaluation tool of scientific research performance and discipline development trend launched by the American Institute of Science and Technology Information (ISI) in 2001. It is a database established by Thomson Reuters based on more than 10 million document records of more than 11000 academic journals collected by SCI (Scientific Citation Index) and SSCI (Social Science Citation Index). At present, ESI has become an important evaluation indicator tool widely used to evaluate the international academic level and influence of universities, academic institutions and countries/regions around the world. According to the definition of ESI database, highly cited papers are all papers published in the same ESI discipline in the same year, ranking in the top 1% according to the highest to lowest number of citations. Generally speaking, it is the highest-level paper that has been cited most and ranked first in the same ESI discipline in the same year.
Teng, Lei, Doctor and professor of economics, master's tutor, research direction: digital finance, financial technology.
In recent years, he has presided over 11 projects such as the Humanities and Social Sciences Program of the Ministry of Education and the National Bureau of Statistics. He published more than 30 articles of various kinds in journals of Statistical Research, the North American Journal of Economics and Finance, etc. He published a monograph of The Financial Big Data Ecosystem and Its Risk Control Value. The Survey Report on Satisfaction with Building a Well-off Society in 2019, which was submitted to the General Office of the CPC Central Committee and the General Office of the State Council through the National Bureau of Statistics, and was adopted by the two offices. The Report of the National Bureau of Statistics on the Analysis of the Shortcomings of Building a Well off Society in Rural Areas that he participated in writing was fully affirmed by Vice Premier Chunhua Hu. It was also referenced to the No. 1 Central Document of the Central Committee in 2020 according to the instructions and instructions of Vice Premier Hu.
