Research On The Impact Mechanism Of Digital Inclusive Finance On The Upgrading Of Industrial Structure

Compared with the past,China is no longer focusing on the pursuit of high-quality economic growth,which is no longer in the era of high-speed growth.The upgrading of industrial structure is an important method to realize the transformation of extensive economic development mode and an essential step to improve high-quality economic development.Finance plays a central role in the allocation of economic resources and plays a vital role in the upgrading of industrial structure.However,through observation,we can see that there will be many deficiencies in traditional finance,especially the problem of Financial Exclusion,which needs to be solved urgently.In order to strengthen the service capacity of finance to the real economy,we can adopt structural reform on the supply side.Starting from the production side,digital inclusive finance relies on digital technology,which can avoid the disadvantages of traditional finance and is no longer subject to the constraints of time and space,so as to promote small and medium-sized enterprises and people in poor areas to have access to services with the same opportunities,and the threshold level is low,which can greatly alleviate the additional transaction costs caused by the poor communication between the buyer and the seller,At the same time,it can also ensure that small and medium-sized enterprises have the opportunity to raise the required funds,and ensure that they can have enough funds to update and reform their products,so as to promote the renewal and development of technology,which is conducive to the upgrading of industrial structure.At the same time,digital inclusive finance can solve the problem of fund shortage of low-income groups and farmers in remote areas,provide financial support for them,so as to greatly improve personal income and consumption,solve the problem of upgrading industrial structure from the demand side,and make the reasonable allocation of financial related resources.Therefore,this thesis studies the role of digital Inclusive Finance in the upgrading of industrial structure through digital Inclusive Finance.This research purpose has very important theoretical and practical significance.The specific content of this study: firstly,the research first expounds the background and significance of the article,combined with the existing research results,introduces the research ideas and the principles of research methods,and puts forward the possible innovations and deficiencies of this thesis,so as to pave the way for the later research.Secondly,it expounds the concepts and theories of China’s digital Inclusive Finance and industrial structure upgrading,and theoretically analyzes the possible mechanism between them.Then,it constructs the index measurement of digital Inclusive Finance,the index of technological progress and the measurement method of industrial structure upgrading.Finally,in order to verify the relationship between digital Inclusive Finance and industrial upgrading,the panel model is used to test,and the heterogeneity test is also carried out to verify the relationship between the two again.In addition,digital Inclusive Finance is divided into three dimensions:coverage,depth and digitization.The intermediary utility model is used to empirically test whether technological progress plays an intermediary effect in the process of digital Inclusive Finance affecting the upgrading of industrial structure.Through theoretical and empirical research,this thesis finds that: first,digital Inclusive Finance significantly affects the upgrading of industrial structure;Second,the positive effects of coverage,depth of use and digitization on the upgrading of industrial structure decrease in turn.There is a high correlation between them,especially in areas with high education level and high investment level of fixed assets;Third,technological progress has an intermediary effect in the process of promoting the upgrading of industrial structure in terms of coverage,use depth and digitization.According to the above research conclusions,this thesis puts forward some countermeasures and suggestions.