Research On The Impact Of Digital Financial Inclusion On High-quality Economic Development

At present,China’s economy has entered the stage of high-quality development,and it has become the main line of financial work to eliminate the old development drivers and promote the new development ideas.As an emerging financial service tool,digital financial inclusion effectively solves the problem of information asymmetry through the application of big data,artificial intelligence,blockchain and other technologies,so as to further optimize the financial market environment by reducing the cost of financial services and expanding the radius of financial services.Under the background of market-oriented,law-based and internationalized construction,digital financial inclusion has achieved remarkable results in supporting scientific and technological innovation,poverty alleviation,low-carbon environmental protection and shared services,and has become one of the key forces to coordinate the development of social vulnerable groups and environmentally vulnerable areas.At present,digital financial inclusion has become an important part of the reform of the development strategies of the Yangtze River Economic Belt,the Guangdong-Hong Kong-Macao Greater Bay Area and other regions,and will play an important role in enhancing the capacity of the real economy and promoting sustainable development in the future.This thesis mainly studies the impact of digital financial inclusion on high-quality economic development.First of all,through the exploration of financial development theory and economic growth theory,this thesis expounds that digital financial inclusion plays a role of radiation effect and aggregation effect in promoting economic development,and analyzes the moderating role of urbanization process in economic development.Then,the evaluation index system of high-quality economic development is constructed from five dimensions of ‘innovation,coordination,green,open and sharing’,and the high-quality economic development index of 31 provincial regions in China from 2011 to 2020 is measured by entropy method.Then,the status quo of high-quality development and digital financial inclusion in China is analyzed according to the measurement results.Then,this thesis empirically explores the spatial spillover effect of digital financial inclusion on high-quality economic development by establishing spatial Dubin model.Finally,this thesis builds a moderating effect model to explore the moderating effect of urbanization level on different regions in the process of digital financial inclusion affecting high-quality economic development from three dimensions of coverage,usage and digitalization level.The results are as follows: first,the current high-quality economic development in China presents a ‘high-high’ and ‘low-low’ clustering phenomenon,with significant positive spatial correlation.Second,China’s digital inclusive finance has a positive spatial spillover effect on high-quality economic development,that is,digital financial inclusion can not only promote the improvement of regional economic quality,but also have a positive impact on the improvement of economic quality in surrounding areas.Third,under the moderating effect of urbanization level,the coverage breadth,depth of use and digitalization degree of digital financial inclusion have significant differences on the high-quality economic development of different regions.Based on the above research conclusions,this thesis argues that we should accelerate the improvement of digital financial inclusion system and infrastructure construction,and strengthen the role of fintech in various fields,so as to better enable high-quality economic development.