Research On The Impact Of Digital Inclusive Finance On High-quality Economic Developmen

With the popularization of Internet technology and digital financial services,digital inclusive finance has become an emerging field in China’s financial industry.With its low threshold,high efficiency,and low cost characteristics,digital inclusive finance provides more convenient,safe,and reliable financial services for ordinary consumers,small and micro enterprises,etc.As China enters a new stage of development and a post epidemic era,China’s economic development is steadily improving,and quality development has become the most important task for China’s economic development in the new stage.Thus,it is significant to study the relation of DFI with economy quality in order to push forward the development of DFI,fully utilize DTI’s developing superiority and make a positive contribution to the development of economy.This article brings together the relevant literature on the relationship between inclusive digital finance and high-quality economic development.It has been found that current research findings mainly focus on the creation of high-quality economic indicator systems to quantitatively examine the impact of inclusive digital finance on economic quality.However,a unified conclusion has not yet been formed on the qualitative analysis of how digital inclusive finance affects the quality of economic development.Therefore,this paper combines theoretical and empirical analysis to explore the direct and indirect aspects of the impact of inclusive digital finance on quality economic development.The empirical analysis is first based on five aspects of the new development concept.Based on the Entropy Weights Approach,we measure the quality of the economy in the 31 Autonomous Districts and Municipalities,which are under the direct control of the Central Government,and it will be maintained between2011-2020.On the basis of relevant findings and combination of Beijing University Digital Inclusive Finance Index,this paper builds up a Panel Fixed-Effect Model.The conclusion is as follows:(1)Digital Inclusive Finance can enhance Chinese economic quality,and as more people have access to the Internet,its promotional effect will be enhanced.with a dual threshold feature.(2)In the analysis of heterogeneity,the western region has the most significant heterogeneity,while the eastern region has the most gentle heterogeneity.(3)Based on the theory of intermediate effect,it is suggested that the inclusion of digital finance can enhance the technology innovation and decrease the disparity of urban-rural income.