Digital Inclusive Finance And Urban Technological Innovatio

Innovation is crucial for China to build a new development pattern and achieve highquality development.China’s economic development has achieved ultra-high-speed growth for many years,creating a Chinese economic miracle.However,as China’s economic development enters a new stage,the traditional development advantages such as demographic dividend,product exports,and opening up to the outside world are gradually weakening,at this time,to achieve high-quality development,it is urgent to rely on innovation-driven Cultivate new development advantages.However,at present,the overall efficiency of China’s innovation system is not high,in the initial stage of the "14th FiveYear Plan",how to further optimize the innovation ecological environment,promote the agglomeration of various innovation elements to the main body of innovation,and realize it Innovative development is essential.Studies have shown that financial development can provide incentives for innovation.At a time when China continues to promote financial reform,the State Council formulated the Five-Year Plan for Promoting Inclusive Finance(2016-2020)during the "13th Five-Year Plan" As a new model of inclusive financial development,digital inclusive finance has developed rapidly,effectively promoting the deep integration of digital technology and traditional finance,and creating an open,fair and non-discriminatory innovative financing environment Positive effects.In this context,it is of great significance to explore the possible incentive role of urban technological innovation level on the financial supply side to promote high-quality development.Based on previous research,this paper uses a more complete theoretical framework to study the impact of the development of digital inclusive finance on urban technological innovation.First,through the regression of thresholds,the nonlinear impact of digital inclusive finance on urban technological innovation and its regional heterogeneity are empirically examined It provides theoretical evidence for promoting the development of digital inclusive finance and promoting the level of urban technological innovation.Second,focus on the mechanism of digital inclusive finance to enhance the ability of urban technological innovation: expand the scale of regional credit and support for small and medium-sized enterprises and individual entrepreneurs,and further verify that digital inclusive finance promotes urban technology The basic conclusion of innovation.The main research conclusions include: first,digital inclusive finance can effectively promote urban technological innovation;second,the innovation incentive effect of digital inclusive finance shows inverted "U" type of nonlinear features,and this nonlinear feature has regional heterogeneity.In addition,the innovation incentive effect of digital inclusive finance has a certain human capital and Internet threshold,after crossing the threshold value,digital inclusive finance has significantly enhanced the role of innovation promotion,and third,digital inclusive finance can expand the scale of regional credit to support small and medium-sized enterprises and individual entrepreneurs,thereby stimulating urban technological innovation.On the basis of the research conclusions,this paper further puts forward relevant policy suggestions.First,the government should improve the construction of financial infrastructure in backward areas and promote the cross-regional overall development of the east and west.Second,the government should encourage the improvement of a multi-level digital financial service system to meet the differentiated financing needs of innovative entities.Third,in the process of policy implementation,full consideration should be given to regional differences,digital inclusive finance should be carried out according to local conditions,and a dynamic and differentiated regional innovation strategy should be implemented.