Does the development of digital finance promote firm exports? Evidence from Chinese enterprises

Financial support is indispensable for firm exports, but the impact of digital finance on firm exports is ambiguous. This paper empirically tests the impact of China's digital finance on the export dual margins of enterprises by using novel matched firm data in China. It shows that the development of digital finance can significantly increase export dual margins. After considering the endogenous problems and robustness tests, the results are consistent. The policy implication is straightforward strengthening the development of digital finance is conducive to promoting exports, which in turn promotes economic growth.