Internet Penetration and Regional Financial Development in China: Empirical Evidence Based on Chinese Provincial Panel Data

Table 2

Capital stock of fixed assets investment in information transmission, computer service, and the software industry in various regions of China.

District	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012
Beijing	4241.69	4638.63	6734.19	6670.15	10,861.47	12,228.68	17,777.49	24,146.84	25,044.59	34,136.06
Tianjin	1650.70	1785.16	2214.31	2386.66	3963.99	6578.45	6516.21	8037.71	15,588.12	15,864.54
Hebei	3300.41	4177.80	5722.15	7216.52	6709.46	11390.51	1571.11	6942.43	17,438.89	18,716.24
Shanxi	1747.39	2006.41	2609.04	3552.36	5299.97	8135.65	11,186.47	7026.68	5762.84	7505.47
Inner Mongolia	979.27	1275.02	1401.46	1748.46	6264.04	4296.40	6076.08	10,144.03	15,607.37	17,525.40
Liaoning	2834.21	3197.99	3460.55	8532.59	7976.93	13,819.78	16,831.64	24,686.06	23,386.82	28,059.61
Jilin	688.70	1094.23	2038.15	3602.46	4680.38	5421.52	7242.64	8357.87	8444.56	14,692.67
Heilongjiang	3765.63	5099.46	7219.75	9160.02	14,926.21	18,741.21	18,576.45	10,868.60	18,276.73	26,259.65
Shanghai	3774.01	3434.41	5421.24	11,161.60	12,347.69	13,495.30	15,969.20	19,647.74	18,227.63	25,574.65
Jiangsu	4407.45	4139.24	6760.51	7496.56	5987.25	7700.56	18,765.02	28,612.23	40,014.07	56,066.53
Zhejiang	4373.91	6699.41	8050.09	9053.48	13,950.17	16,061.02	20,332.72	26,741.82	30,686.09	23,399.52
Anhui	1708.91	1795.27	2831.85	3509.69	5134.30	6948.81	11,616.09	14,390.37	12,941.09	15,352.38
Fujian	3011.32	4844.71	5689.82	6354.37	8242.67	15,326.05	18,869.95	23,826.68	23,659.09	30,198.91
Jiangxi	2665.98	4101.32	5553.11	4798.71	7061.31	3863.46	6417.53	11,188.76	9878.10	10,660.67
Shandong	4444.95	3625.32	2502.17	3700.01	4421.66	6458.45	9033.33	9840.72	15,329.67	19,213.66
Henan	2494.30	3859.21	5636.76	11116.14	6594.47	6597.81	9658.11	9924.97	7077.50	9859.75
Hubei	2746.40	4552.03	4145.13	6759.41	6120.05	7476.12	8957.90	12,739.02	18,220.04	18,210.40
Hunan	2029.09	2818.07	4436.01	5228.04	7202.63	10,330.80	13,315.75	18,788.36	16,187.69	12,566.02
Guangdong	12,721.63	17,528.58	19,038.12	19,091.87	23,571.79	28,587.44	35,756.51	42,901.50	53,951.56	71,977.44
Guangxi	2301.90	3042.48	2972.91	3091.86	3580.46	4603.65	11,985.16	14,154.46	20,666.84	19,559.32
Hainan	251.11	773.74	1173.21	1339.45	1472.54	1913.14	2492.76	2965.70	6445.75	7360.04
Sichuan	5521.90	7945.98	9474.96	9718.24	11,486.24	18,109.42	24,972.60	31,763.29	28,310.04	30,964.00
Guizhou	1665.50	1586.67	2487.86	3876.47	4259.91	5608.91	7699.94	7869.21	3434.36	1344.70
Yunnan	2667.46	2940.08	4015.00	4184.72	6163.03	7288.46	8046.55	8728.58	10,913.08	12,582.88
Tibet	341.88	441.23	1041.42	944.75	1438.37	1181.19	1220.18	1870.41	1321.71	2685.19
Shangxi	1601.37	2845.89	3987.46	4264.07	7675.92	5199.23	7470.50	13,379.34	13,894.75	18,193.54
Gansu	870.24	1434.95	1361.19	1721.37	2009.78	1777.45	2482.08	3892.48	7205.24	6780.42
Qinghai	251.11	258.54	143.46	376.99	366.10	357.52	384.53	421.26	131.33	411.00
Ningxia	369.01	549.96	637.14	533.21	642.11	928.45	1662.70	2611.84	3615.04	2417.51
Xinjiang	2499.23	2294.66	3378.36	3472.63	4615.17	6283.54	5842.63	7077.23	10,559.14	9242.20

Note. Since Chongqing became a municipality in 1997, during most of the estimated period (1985–2002), Chongqing is attributed to Sichuan. Therefore, this paper follows the historical economic data and attributes Chongqing to Sichuan.