.png){kind=icon}
.png){kind=icon}
Return
The Value of Government Data Collection: Evidence from Central Bank Digital Currency and Corporate Patenting
.png){kind=icon}
PRE
AI
张
K
DOI：10.1016/j.jbankfin.2026.107703.png)
.png){kind=icon}
Original request for help.png){kind=icon}
Share.png){kind=icon}
Save
Abstract
En 中文
This study demonstrates the economic value—as reflected in corporate patents—of expanding the ability of a government to collect firm data through adopting a central bank digital currency (CBDC). By exploiting the Chinese government’s staggered rollout of the electronic yuan (e-CNY), we find that firms in pilot cities increase their patent filings more than those outside pilot cities. Finer-grained data generated by the e-CNY and collected by the government enable policymakers to target firm subsidies, tax incentives, and credits with greater precision, thereby promoting patenting. The resulting patents translate into firms’ having greater product differentiation, productivity, sales growth, and profitability, which signal improved firm competitiveness. The effects are stronger for firms that leave richer digital footprints. Our findings illustrate how fintech-sharpened “visible hands” can stimulate the real economy, while underscoring the imperative for robust administrative and legal frameworks to govern public data collection and its responsible use.
Keywords:
Central Bank Digital Currency
Government Data Collection
Corporate Patenting
Fintech
Policy Precision
Journal
J
IF:
3.8
Papers:
65
Citations:
0
Organization
Cited Papers