Research On The Impact Of Digital Financial Inclusion On The Quality Of Economic Growth

According to the report of the 19 th CPC National Congress,China’s economy has shifted from a stage of high-speed growth to a stage of high-quality development.At present,China has achieved relatively good economic development results,achieved the first Centenary goal,and completed the building of a moderately prosperous society in all respects on the land of China.But the present stage our country’s economic development,there are still some problems,such as low efficiency of economic development,lack of innovation,economic development is in the transformation of the mode of development at present stage,the key to optimize the economic structure,transform growth period,in the process of transformation of financial resources for regional high quality economic growth has an important supporting role.The proposal and development of inclusive finance reduce the cost of providing financial services,improve the availability of financial resources,and solve the serious problem of financial exclusion to a certain extent.With the advent of Internet informatization and digital era,the development of inclusive finance has gained historical new opportunities.The combination of digital technology and inclusive finance has become a new starting point to promote social and economic development.In this context,the impact of digital inclusive finance on the quality of economic growth is worth further study.This thesis introduces financial exclusion theory,financial development theory,inclusive growth theory and econometric model to explore the impact and mechanism of digital inclusive finance on the quality of economic growth.In view of this,this thesis firstly combs the previous studies and related theories,analyzes the connotation of digital inclusive finance and economic growth quality,defines the two concepts on this basis,analyzes the influence mechanism of digital inclusive finance on economic growth quality,and further puts forward the research hypothesis of this thesis.Second,given the complex connotation of quality of economic growth,from the efficiency of economic growth and stability of the structure of economic growth and economic growth and sustainable economic growth of four dimensions,a total of 16 indicators set up the comprehensive index evaluation system of quality of economic growth,on the basis of the index system and entropy weight method to measure the cities in Jiangxi province of economic growth.Thirdly,the measured economic growth quality index is taken as the explained variable of this thesis,and the digital Inclusive finance Index compiled by the Digital Finance Research Center of Peking University is used as the core explanatory variable.Then,based on panel data of 11 cities in Jiangxi province,the fixed effects model study pratt&whitney financial,a direct impact on the quality of economic growth in Jiangxi province and by using the lag of first order data,increase the control variables and replace regression model is applied to the benchmark return results for robustness test,The test results verify the robustness of the benchmark regression model.Finally,taking scientific and technological innovation and local residents’ consumption level as the breakthrough point,the mediating effect model is constructed to explore the indirect influence and mechanism of digital inclusive finance on the quality of economic growth in Jiangxi Province.Research results show that: first,Pratt &Whitney financial can provide low-cost financial services with the help of Internet technology.Compared with the traditional financial has better tolerance and convenience,vulnerable social groups of low and middle income can also equally enjoy the financial services,is beneficial to solve the problem of financial exclusion,promote social development.Second,digital inclusive finance can significantly promote the improvement of the quality of economic growth in Jiangxi Province,and the three first-level indicators under the digital inclusive finance index can also help Jiangxi province to achieve high-quality economic growth.At the same time,regional education level,industrial structure upgrading and government expenditure also have different degrees of positive impact on the improvement of economic growth quality in Jiangxi Province.3.In the process of digital inclusive finance affecting the quality of economic growth in Jiangxi Province,both scientific and technological innovation and local residents’ consumption level show a certain transmission effect,among which scientific and technological innovation shows a partial intermediary effect.Digital inclusive finance enhances the effect of digital inclusive finance on the quality of economic growth in Jiangxi Province through scientific and technological innovation.The mediating effect of regional residents’ consumption level is a masking effect,that is,regional residents’ consumption level has a restraining effect on the influence of digital inclusive finance on the economic growth quality of Jiangxi Province.Finally,by summarizing the whole thesis,this thesis puts forward policy suggestions to promote the high-quality economic development of Jiangxi Province from four aspects:attaching importance to scientific and technological innovation,promoting the construction of new urbanization,improving the regional education level,and establishing a perfect digital inclusive financial supervision mechanism.