Research On The Impact Of Digital Inclusive Finance On Regional Entrepreneurship From The Perspective Of Human Capita

The Nineteenth National Congress of the Communist Party of China opened a new chapter in China ’s economic development.Digital inclusive finance plays an important role in the construction of modern economic system with its characteristics of inclusiveness,inclusiveness and digitality.Its effect of serving the real economy has gradually expanded and affirmed.Under the background of “mass entrepreneurship and innovation,” digital inclusive finance combined with human capital and other related economic development factors has made outstanding contributions to the development of regional entrepreneurship,making the benign interaction between finance and the real economy,so as to realize the social vision of promoting the construction of modern economic system and improving people’s livelihood with highquality financial development.Starting from the digital inclusive finance,this paper examines the impact of digital inclusive finance on regional entrepreneurship from the perspective of human capital,and research on the Relationship between Digital Inclusive Finance and Entrepreneurship in China and the Middle East under the Interaction Effect and Threshold Effect of Human Capital.The purpose of this paper is to analyze whether digital inclusive finance can serve the entrepreneurial economy and the real economy in combination with human capital through the above relationship,and analyze the existing problems and solutions in this relationship.First of all,this paper describes the research background,significance,content,framework,methods and possible innovations.Secondly,the literature on digital inclusive finance,entrepreneurship and human capital is integrated and reviewed,and the development status of digital inclusive finance,regional entrepreneurship policy support and development status are further analyzed.Finally,empirical analysis is carried out on this basis.In this paper,the digital inclusive finance index is the China’s digital inclusive finance index(2011 – 2019)constructed by the Digital Inclusive Finance Research Center of Peking University.The regional entrepreneurship index is the ratio of the total number of private enterprises and individual employees in each province to the resident population.The research and analysis are conducted in 31 provinces,autonomous regions and municipalities except Hong Kong,Macao and Taiwan.In terms of qualitative analysis,Geoda software is used for spatial autocorrelation analysis to examine the development status of digital inclusive finance and regional entrepreneurship.In the empirical analysis,Using Stata software to test interactive effect and dynamic panel threshold effect,this paper examines the relationship between digital inclusive finance and regional entrepreneurship from different human capital perspectives,and the following conclusions are obtained.First,the development of digital inclusive finance can effectively promote the improvement of regional entrepreneurship as a whole.Second,human capital can enhance the positive impact of digital inclusive finance on regional entrepreneurship.Regional entrepreneurship has a cumulative effect,and the central region can benefit more from digital inclusive finance.Third,the positive impact of digital inclusive finance on regional entrepreneurship has a threshold effect with human capital as an important variable,and the relationship between the two is restricted by the change of human capital.There are two possible contributions in this paper.The first is to combine digital inclusive finance,human capital and entrepreneurship,examine the relationship between digital inclusive finance and entrepreneurial activities under the differentiation of human capital,and enrich the literature in this field considering the lag effect of entrepreneurial activities.The second is to use spatial autocorrelation to analyze the status quo,and to show the status quo of digital inclusive finance and regional entrepreneurship development in a threedimensional manner.At the same time,the dynamic panel threshold model is used to study human capital as a threshold variable,which enriches the research methods in the field of digital inclusive finance and regional entrepreneurship.