Research On The Influence Of Inclusive Financial Quality On High-quality

High-quality development is the direction of China’s economic development in the new era and a strategic requirement for achieving the great rejuvenation of the Chinese nation and building socialist modernization.As an important part of high-quality economic development,agriculture,rural areas and micro,small and medium-sized enterprises(MSMEs)are the most solid backbone and the most active subjects,and this has a bearing on whether high-quality economic development can be successfully achieved and how high the level of development is.The flourishing of China’s micro,small and medium-sized enterprises(MSMEs)plays a vital role in the quality development of the economy and social stability,as "a stable economy with stable MSMEs" and "a vibrant economy with vibrant MSMEs".However,there is still a large problem of financial exclusion in the development of China’s financial system,and there are problems such as high threshold and low efficiency in financial services for MSMEs and agricultural and rural areas,which seriously hinder the stable and healthy development of the three rural areas and MSMEs,which further affects the high-quality economic development.Therefore,it is urgent to find ways to optimize the financial development model.Inclusive finance has played a unique role in alleviating poverty,promoting enterprise innovation and boosting economic development,especially in supporting the development of small,medium and micro enterprises and rural construction.At present,the development of inclusive finance has made certain achievements in terms of quantity,but due to its relatively short development time,there are still low-quality problems such as imperfect structure and low efficiency,and highquality economic development cannot be achieved without improving the quality of inclusive finance.Based on this,this thesis will carry out further research.Firstly,this thesis combs through the relevant literature concerning inclusive finance and quality economic development.On this basis,the connotation of the two quality indicators involved in this thesis is defined,how high-quality inclusive finance affects high-quality economic development is analyzed,and the research hypothesis of this thesis is proposed accordingly.Secondly,a comprehensive evaluation system is constructed based on the connotation definition,which are the index of high-quality economic development and the quality index of inclusive finance respectively.On this basis,the analysis is carried out in the spatial and temporal dimensions.The results show that,in terms of time dimension,the quality of financial inclusion shows a trend of increasing slowly and then rapidly during the sample period;in terms of spatial dimension,both show a decreasing trend in the east,central and west,with the central and west catching up.The results show that:(1)high-quality inclusive finance can improve the level of high-quality economic development;(2)the heterogeneity analysis shows that the quality of inclusive finance is significantly positively correlated with the level of high-quality economic development in western and low-urbanization regions,but this positive relationship is not obvious in eastern and high-urbanization regions;(3)by test on the influence mechanism,it is found that the quality of inclusive finance promotes high-quality economic development mainly through influencing the innovative,coordinated,green,open and shared development of the economy;(4)the results of spatial spillover effects show that the quality of inclusive finance promotes high-quality economic development with positive spatial spillover effects,and the effect of inclusive finance quality on promoting local high-quality development is greater than that on promoting neighboring regions;(5(5)The results of the threshold regression show that there is a certain technical threshold for the effect of financial inclusion quality on promoting high-quality economic development,and this threshold effect is non-linear,which is expressed as a "convergence threshold" in areas with high marketization rate and an "acceleration threshold" in areas with low marketization rate."The article concludes by examining the impact of the threshold on financial inclusion.Finally,based on the analysis of the spatial and temporal evolution of the quality of financial inclusion and the quality development of the economy,as well as the results of the empirical analysis,the article proposes policy recommendations such as anchoring the direction of the quality development of financial inclusion,promoting the development of regional financial inclusion according to local conditions,considering regional linkages and focusing on Internet technology.