| Since reform and opening up,our economy has entered the fast lane of development,and has made remarkable achievements in terms of economic volume,infrastructure construction and scientific research innovation,but our country still exists incongruous development between regions and incongruous allocation of resources at present.In the report to the Twentieth National Congress of the Communist Party of China(CPC),the General Secretary pointed out that high-quality development is the primary task of building a great modern socialist country.In order to achieve this development goal,optimize the economic structure,abandon the extensive economic development mode,and take the construction of an environment-friendly and resource-saving society as the direction of future development,it is necessary to give full play to the role of finance in promoting the real economy.To improve the efficiency of resource allocation and alleviate the imbalance of resource endowment,the in-depth combination of frontier technologies and traditional industries has become an indispensable means.As the carrier of the integration of Internet technology and inclusive finance,digital inclusive finance can fully leverage the advantages of frontier technologies such as big data,cloud computing and artificial intelligence,enhance the benefit and availability of inclusive finance,and alleviate the problem of information asymmetry.Reduce financial exclusion.Compared with traditional financial services,digital inclusive finance has comparative advantages.However,due to its short development time,some groups may reject digital inclusive finance due to factors such as life concept and education level,so the coverage and depth of use in practice need to be improved.In addition,The existing literature on the impact of digital inclusive finance and high-quality economic development is not rich enough,and the internal mechanism of the impact between the two needs to be further explored.In this context,this paper first summarizes the existing research at home and abroad,clarifies the characteristics and connotation of relevant concepts,sorts out the measurement methods of indicators,and analyzes the impact of digital inclusive finance from five levels of innovation,coordination,green,openness and sharing.Based on the five development concepts,the specific indicators of 30 provinces from 2011 to 2021 are selected,and the entropy weight method is used to measure the high-quality development level at the provincial level in China.Secondly,using the digital inclusive finance index compiled by Peking University to study the relationship between digital inclusive finance and high-quality development,and according to regional differences,sample grouping regression is used to explore whether there is regional heterogeneity when digital inclusive finance plays a role.Then use the mediating effect model to empirically study the transmission mechanism of the realization path between the two.Finally,the threshold effect model is constructed to further explore whether there is a nonlinear relationship between digital inclusive finance and high-quality economic development.Based on macro and micro data,this paper uses fixed effect model,intermediary effect model and threshold regression model to conduct empirical research.After testing the robustness of the conclusions in various ways,the research conclusions are as follows:(1)Digital inclusive finance plays a significant role in promoting high-quality economic development,and this conclusion is still applicable in areas with low level of high-quality economic development.The three sub-dimensions of digital inclusive finance can also have an impact on high-quality economic development,with the coverage breadth having the greatest effect,followed by the depth of use,and the degree of digitalization having the least effect.(2)The influence of digital inclusion finance on high-quality economic development is unbalanced,and the influence coefficient of the southern region with good economic foundation,rich resource endowment and advanced digital technology development is greater than that of the northern region.(3)Digital inclusive finance can affect high-quality economic development by affecting the improvement of financial agglomeration level,and financial agglomeration plays a partial intermediary effect.(4)When the advanced level of industrial structure is taken as the threshold variable,there is a single threshold for the impact of digital inclusive finance on high-quality economic development,that is,when the advanced level of industry exceeds the threshold value,the impact of digital inclusive finance on high-quality development is further strengthened.In view of the above conclusions,on the basis of combining theories and national conditions,this paper puts forward policy suggestions from several aspects,such as strengthening regional cooperation,developing digital inclusive finance according to local conditions and promoting industrial structure optimization. |
