{"id":"https://openalex.org/W7161936928","doi":"https://doi.org/10.3390/info17050510","title":"Research on the Nonlinear and Spatial Effects of Digital Financial Information Flow on Industrial Structure Upgrading","display_name":"Research on the Nonlinear and Spatial Effects of Digital Financial Information Flow on Industrial Structure Upgrading","publication_year":2026,"publication_date":"2026-05-21","ids":{"openalex":"https://openalex.org/W7161936928","doi":"https://doi.org/10.3390/info17050510"},"language":"en","primary_location":{"id":"doi:10.3390/info17050510","is_oa":true,"landing_page_url":"https://doi.org/10.3390/info17050510","pdf_url":null,"source":{"id":"https://openalex.org/S4210219776","display_name":"Information","issn_l":"2078-2489","issn":["2078-2489"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Information","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.3390/info17050510","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032311086","display_name":"Pengzhuo Wu","orcid":"https://orcid.org/0009-0002-0198-7671"},"institutions":[{"id":"https://openalex.org/I4210103745","display_name":"Changji University","ror":"https://ror.org/016j41127","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210103745"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Pengzhuo Wu","raw_affiliation_strings":["School of Mathematics and Data Science, Changji University, Changji 831100, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Mathematics and Data Science, Changji University, Changji 831100, China","institution_ids":["https://openalex.org/I4210103745"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5115695538","display_name":"Yao Wang","orcid":"https://orcid.org/0000-0003-2480-3660"},"institutions":[{"id":"https://openalex.org/I4210103745","display_name":"Changji University","ror":"https://ror.org/016j41127","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210103745"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yao Wang","raw_affiliation_strings":["School of Mathematics and Data Science, Changji University, Changji 831100, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Mathematics and Data Science, Changji University, Changji 831100, China","institution_ids":["https://openalex.org/I4210103745"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100360773","display_name":"Guodong Li","orcid":"https://orcid.org/0000-0003-1275-2982"},"institutions":[{"id":"https://openalex.org/I5343935","display_name":"Guilin University of Electronic Technology","ror":"https://ror.org/05arjae42","country_code":"CN","type":"education","lineage":["https://openalex.org/I5343935"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Guodong Li","raw_affiliation_strings":["School of Mathematics and Computing Science, Guilin University of Electronic Technology, Guilin 541002, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Mathematics and Computing Science, Guilin University of Electronic Technology, Guilin 541002, China","institution_ids":["https://openalex.org/I5343935"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":1400,"currency":"CHF","value_usd":1782},"apc_paid":{"value":1400,"currency":"CHF","value_usd":1782},"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.64787622,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"17","issue":"5","first_page":"510","last_page":"510"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.15520000457763672,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.15520000457763672,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10987","display_name":"Microfinance and Financial Inclusion","score":0.0908999964594841,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13867","display_name":"Economic Growth and Development","score":0.05339999869465828,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/spillover-effect","display_name":"Spillover effect","score":0.5489000082015991},{"id":"https://openalex.org/keywords/panel-data","display_name":"Panel data","score":0.5187000036239624},{"id":"https://openalex.org/keywords/spatial-analysis","display_name":"Spatial analysis","score":0.5041999816894531},{"id":"https://openalex.org/keywords/yangtze-river","display_name":"Yangtze river","score":0.4521999955177307},{"id":"https://openalex.org/keywords/digital-transformation","display_name":"Digital transformation","score":0.4027000069618225},{"id":"https://openalex.org/keywords/nonlinear-system","display_name":"Nonlinear system","score":0.3824999928474426},{"id":"https://openalex.org/keywords/payment","display_name":"Payment","score":0.35510000586509705},{"id":"https://openalex.org/keywords/information-flow","display_name":"Information flow","score":0.3330000042915344},{"id":"https://openalex.org/keywords/information-technology","display_name":"Information technology","score":0.3325999975204468}],"concepts":[{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.5489000082015991},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5187000036239624},{"id":"https://openalex.org/C159620131","wikidata":"https://www.wikidata.org/wiki/Q1938983","display_name":"Spatial analysis","level":2,"score":0.5041999816894531},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.48489999771118164},{"id":"https://openalex.org/C3018003528","wikidata":"https://www.wikidata.org/wiki/Q5413","display_name":"Yangtze river","level":3,"score":0.4521999955177307},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4156999886035919},{"id":"https://openalex.org/C126082660","wikidata":"https://www.wikidata.org/wiki/Q4252370","display_name":"Digital transformation","level":2,"score":0.4027000069618225},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.396699994802475},{"id":"https://openalex.org/C158622935","wikidata":"https://www.wikidata.org/wiki/Q660848","display_name":"Nonlinear system","level":2,"score":0.3824999928474426},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.36559998989105225},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.35510000586509705},{"id":"https://openalex.org/C26271046","wikidata":"https://www.wikidata.org/wiki/Q187097","display_name":"Economic geography","level":1,"score":0.3441999852657318},{"id":"https://openalex.org/C2779136372","wikidata":"https://www.wikidata.org/wiki/Q10283002","display_name":"Information flow","level":2,"score":0.3330000042915344},{"id":"https://openalex.org/C121017731","wikidata":"https://www.wikidata.org/wiki/Q11661","display_name":"Information technology","level":2,"score":0.3325999975204468},{"id":"https://openalex.org/C2781089630","wikidata":"https://www.wikidata.org/wiki/Q21856745","display_name":"Realization (probability)","level":2,"score":0.3230000138282776},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.32170000672340393},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.32019999623298645},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3050999939441681},{"id":"https://openalex.org/C26517878","wikidata":"https://www.wikidata.org/wiki/Q228039","display_name":"Key (lock)","level":2,"score":0.30239999294281006},{"id":"https://openalex.org/C204241405","wikidata":"https://www.wikidata.org/wiki/Q461499","display_name":"Transformation (genetics)","level":3,"score":0.30169999599456787},{"id":"https://openalex.org/C69357855","wikidata":"https://www.wikidata.org/wiki/Q163214","display_name":"Diffusion","level":2,"score":0.29499998688697815},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2816999852657318},{"id":"https://openalex.org/C181672929","wikidata":"https://www.wikidata.org/wiki/Q4115141","display_name":"Digital mapping","level":2,"score":0.27869999408721924},{"id":"https://openalex.org/C99498987","wikidata":"https://www.wikidata.org/wiki/Q2210247","display_name":"Noise (video)","level":3,"score":0.27630001306533813},{"id":"https://openalex.org/C41856607","wikidata":"https://www.wikidata.org/wiki/Q483130","display_name":"Geographic information system","level":2,"score":0.2727999985218048},{"id":"https://openalex.org/C2779251847","wikidata":"https://www.wikidata.org/wiki/Q60852","display_name":"Financial inclusion","level":3,"score":0.2721000015735626},{"id":"https://openalex.org/C203043789","wikidata":"https://www.wikidata.org/wiki/Q138461","display_name":"Digital economy","level":2,"score":0.26109999418258667},{"id":"https://openalex.org/C183206440","wikidata":"https://www.wikidata.org/wiki/Q46834","display_name":"Balance sheet","level":2,"score":0.2567000091075897},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.25600001215934753},{"id":"https://openalex.org/C97144632","wikidata":"https://www.wikidata.org/wiki/Q7574062","display_name":"Spatial econometrics","level":2,"score":0.2551000118255615},{"id":"https://openalex.org/C2164484","wikidata":"https://www.wikidata.org/wiki/Q5170150","display_name":"Core (optical fiber)","level":2,"score":0.2522999942302704},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.25130000710487366}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.3390/info17050510","is_oa":true,"landing_page_url":"https://doi.org/10.3390/info17050510","pdf_url":null,"source":{"id":"https://openalex.org/S4210219776","display_name":"Information","issn_l":"2078-2489","issn":["2078-2489"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Information","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:ddfbaea776c040189f26116c6e9498c5","is_oa":true,"landing_page_url":"https://doaj.org/article/ddfbaea776c040189f26116c6e9498c5","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Information, Vol 17, Iss 5, p 510 (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/info17050510","is_oa":true,"landing_page_url":"https://doi.org/10.3390/info17050510","pdf_url":null,"source":{"id":"https://openalex.org/S4210219776","display_name":"Information","issn_l":"2078-2489","issn":["2078-2489"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Information","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.7125936150550842,"id":"https://metadata.un.org/sdg/10","display_name":"Reduced inequalities"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W2028226037","https://openalex.org/W2051973013","https://openalex.org/W2052611179","https://openalex.org/W2096734231","https://openalex.org/W2102897370","https://openalex.org/W2166822681","https://openalex.org/W2366892266","https://openalex.org/W3200546041","https://openalex.org/W4200599296","https://openalex.org/W4211078195","https://openalex.org/W4301651410","https://openalex.org/W4391568402","https://openalex.org/W4392946806","https://openalex.org/W4396781975","https://openalex.org/W4400138780","https://openalex.org/W4400438811","https://openalex.org/W4402731213","https://openalex.org/W4404573176","https://openalex.org/W4410016581","https://openalex.org/W4414677943"],"related_works":[],"abstract_inverted_index":{"In":[0],"the":[1,27,53,56,88,100,103,113,120,136,141,162,179,182,188,195],"digital":[2,5,59,72,125,130,133,183],"economy":[3],"era,":[4],"inclusive":[6,60],"finance":[7],"represents":[8],"a":[9,45,76,92,151,157,167],"paradigmatic":[10],"reconstruction":[11],"of":[12,23,55,58,119,124,144,181,190],"key":[13],"economic":[14,38],"information":[15,62,127,138,185],"flows.":[16],"This":[17],"study":[18,51],"integrates":[19],"multi-source":[20],"panel":[21,48],"data":[22],"27":[24],"cities":[25],"in":[26,194],"Yangtze":[28,196],"River":[29,197],"Delta":[30],"from":[31],"2011":[32],"to":[33,177],"2023.":[34],"By":[35],"constructing":[36],"an":[37,96,108],"geography":[39],"composite":[40],"spatial":[41,47,81,104,158],"weight":[42],"matrix":[43],"and":[44,80,116,122,132,146,155,187],"nonlinear":[46],"model,":[49],"this":[50],"analyzes":[52],"impact":[54],"diffusion":[57,121],"financial":[61,73,126,184],"on":[63,84,99],"industrial":[64,85,192],"structure":[65],"upgrading.":[66],"The":[67,172],"results":[68],"show":[69],"that:":[70],"(1)":[71],"inclusion":[74],"exerts":[75,150],"significant":[77,168],"direct":[78],"effect":[79,83,90,106,118],"spillover":[82,105],"structure;":[86],"(2)":[87],"local":[89,169],"exhibits":[91,156],"\u201cU-shaped\u201d":[93],"curve":[94],"with":[95],"accelerating":[97],"characteristic":[98],"right":[101],"side;":[102],"demonstrates":[107,166],"\u201cinverted":[109],"U-shaped\u201d":[110],"curve,":[111],"revealing":[112],"transformation":[114],"law":[115],"threshold":[117],"aggregation":[123],"benefits;":[128],"(3)":[129],"payment":[131],"credit":[134],"constitute":[135],"core":[137],"flows":[139],"driving":[140],"coordinated":[142,191],"upgrading":[143,193],"industries;":[145],"(4)":[147],"entrepreneurial":[148],"activity":[149],"partial":[152],"mediating":[153,159,170],"effects,":[154],"effect,":[160],"while":[161],"technological":[163],"innovation":[164],"only":[165],"effect.":[171],"findings":[173],"provide":[174],"quantitative":[175],"evidence":[176],"support":[178],"optimization":[180],"ecosystem":[186],"realization":[189],"Delta.":[198]},"counts_by_year":[],"updated_date":"2026-07-22T07:51:19.307946","created_date":"2026-05-22T00:00:00"}