Research On The Impact Of Digital Inclusive Finance On Promoting Industrial Structure Upgrading

In order to build a modernized economic system,improve the quality of development,and promote the economy to a new level,it is very important to further optimize the industrial structure.Finance is a booster for the transformation and modernization of China’s industrial enterprises,which can help achieve a better allocation of industrial structure and modernization,and its development will make the domestic industrial structure more suitable for China’s national conditions.It is the characteristic of inclusive finance to benefit all economic participants,and the promotion of the use of "Internet+" and other high technologies allows digital inclusive finance to further enhance the scope of financial services and service efficiency,while boosting the efficiency of various industries and bringing new opportunities for the upgrading of China’s industrial structure.Therefore,this thesis focuses on the impact and mechanism of digital inclusive finance on promoting industrial structure upgrading,and explores the impact of digital inclusive finance in different regions.This thesis first collates relevant literature to clarify the concepts of digital inclusive finance and industrial structure upgrading.The influence mechanism between the two is sorted out from two perspectives: consumer demand and technological innovation.Then,relevant indicators are collected and the Digital Inclusive Finance Index of Peking University from 2011-2020 is selected to measure the development of digital inclusive finance in China;two dimensions of industrial structure rationalization and industrial structure advanced are used to construct the industrial structure upgrading index,and the current situation of digital inclusive finance and industrial structure is presented in the form of a chart.Then,an econometric model is established to explore the influence mechanism of digital inclusive finance on industrial structure upgrading using data from 30 provinces and cities(excluding Hong Kong,Macao,Taiwan and Tibet of China)from 2011 to 2020,and research analysis is conducted by region and dimension.The research results show that,firstly,digital inclusive finance significantly promotes the upgrading of China’s industrial structure and contributes significantly to the trend of industrial structure rationalization and industrial structure advancement.Secondly,digital inclusive finance can make significant contributions to the optimization and upgrading of industrial structures through its influence on consumer demand and technological innovation.Third,the development of digital inclusive finance in the eastern region has a better effect on the rationalization of industrial structure,and the development of digital inclusive finance in the central and western regions has a better effect on the advanced industrial structure.Based on this,this thesis suggests that more support should be given to digital inclusive finance;the role of consumer demand and technological innovation in promoting industrial structure upgrading should be emphasized;and targeted industrial structure upgrading programs should be implemented according to the development levels of different regions.