Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement

The new generation of information technology (IT) promotes the integration of fintech with the real economy. Existing studies emphasize the relationship between fintech and the real economy over the development level of fintech-served real economy (FtRE). To fill up the gap, this paper explores the...

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Main Authors: Mingxiang Zhou, Xiaoyan Zheng
Format: Article
Language:English
Published: Wiley 2021-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2021/4836933
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author Mingxiang Zhou
Xiaoyan Zheng
author_facet Mingxiang Zhou
Xiaoyan Zheng
author_sort Mingxiang Zhou
collection DOAJ
description The new generation of information technology (IT) promotes the integration of fintech with the real economy. Existing studies emphasize the relationship between fintech and the real economy over the development level of fintech-served real economy (FtRE). To fill up the gap, this paper explores the evaluation of FtRE based on fintech improvement (FtI). Firstly, an evaluation index system (EIS) was established for fintech service efficiency (FtSE), and FtSE was measured through data envelopment analysis (DEA). Then, fuzzy c-means (FCM) clustering was performed to discretize continuous indices. Drawing on matter-element theories, the authors created the classic domain and node domain of FtRE, as well as the evaluation objects of real economy, calculated the correlation between each factor affecting development level and evaluated development level, and computed the weight coefficient of each index. Finally, the influence of FtI-based FtRE development was empirically analyzed through experiments.
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institution Kabale University
issn 1607-887X
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publishDate 2021-01-01
publisher Wiley
record_format Article
series Discrete Dynamics in Nature and Society
spelling doaj-art-185968c2c6264edd9370dab95fef09042025-02-03T05:53:26ZengWileyDiscrete Dynamics in Nature and Society1607-887X2021-01-01202110.1155/2021/4836933Evaluation of the Development of Fintech-Served Real Economy Based on Fintech ImprovementMingxiang Zhou0Xiaoyan Zheng1School of Big Data Application and EconomicsSchool of AccountingThe new generation of information technology (IT) promotes the integration of fintech with the real economy. Existing studies emphasize the relationship between fintech and the real economy over the development level of fintech-served real economy (FtRE). To fill up the gap, this paper explores the evaluation of FtRE based on fintech improvement (FtI). Firstly, an evaluation index system (EIS) was established for fintech service efficiency (FtSE), and FtSE was measured through data envelopment analysis (DEA). Then, fuzzy c-means (FCM) clustering was performed to discretize continuous indices. Drawing on matter-element theories, the authors created the classic domain and node domain of FtRE, as well as the evaluation objects of real economy, calculated the correlation between each factor affecting development level and evaluated development level, and computed the weight coefficient of each index. Finally, the influence of FtI-based FtRE development was empirically analyzed through experiments.http://dx.doi.org/10.1155/2021/4836933
spellingShingle Mingxiang Zhou
Xiaoyan Zheng
Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement
Discrete Dynamics in Nature and Society
title Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement
title_full Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement
title_fullStr Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement
title_full_unstemmed Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement
title_short Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement
title_sort evaluation of the development of fintech served real economy based on fintech improvement
url http://dx.doi.org/10.1155/2021/4836933
work_keys_str_mv AT mingxiangzhou evaluationofthedevelopmentoffintechservedrealeconomybasedonfintechimprovement
AT xiaoyanzheng evaluationofthedevelopmentoffintechservedrealeconomybasedonfintechimprovement