Digital Financial Inclusion Research On The Impact On The High-quality Development Of China’s Economy

As a new service system of China’s financial industry,digital inclusive finance can promote coordinated regional development,narrow the income gap between urban and rural areas,and then reasonably solve a series of obstacles to my country’s economic development,such as unbalanced and insufficient regional development in China’s economic development.High speed to high quality problem.Therefore,it is of great significance to deeply study the impact of digital financial inclusion,a new type of financial service system,on the high-quality development of my country’s economy.This paper intends to use the total factor productivity index as an indicator of high-quality economic development.This indicator can take into account the increase in expected output and the decrease in undesired output at the same time,which is in line with the development concept proposed by the new era.The Digital Financial Inclusion Index is based on the Peking University Digital Financial Inclusion Index.Then,through literature review,three control variables,education level,industrial structure and consumption level,are selected.from the variables selected above.An econometric model was created to empirically analyze the impact of digital financial integration on quality economic development.Firstly,the system generalized moment estimation method is used to conduct research,and the research finds that: 1.The development of digital inclusive finance is positively promoting the high-quality development of my country’s economy.2.From the study on the temporal dimension,it can be seen that the level of highquality economic development of electricity will affect the high-quality economic development of this period.3.From the research on the spatial dimension,it can be seen that the impact of digital financial inclusion on different regions is different.Then use the spatial Durbin model to test the spatial effect,and the research finds that: 1.There is a spatial correlation between digital financial inclusion and high-quality economic development.2.Through the decomposition of the effects,we see that inclusive digital finance has the effect of promoting quality economic development in the region and surrounding regions.3.From the analysis of the differences of digital financial integration It can be seen that the three dimensions of digital finance integration,namely the breadth of coverage.depth of use and the degree of digitization are all conducive to the high quality development of economy and also affect the economic growth of neighboring regions.Quality improvement has a positive effect.Of the above conclusion,this document recommends the following policies: Strengthening coordinated regional development.Guidelines for increasing and adjusting consumption levels Deepening the reform of the education system Strengthening and modernizing the structure of the industry,which will help digitally integrated finance to play a greater role in the development of high-quality economies.